Enquiry regarding innovative ideas regarding the process and detail involved in negotiating anchor tenancy for a large development in a remote region currently experiencing accommodation shortages with the current resource boom.
Current accommodation supply is critical. Demand is being addressed in the short term with the use of transportable accommodation. However our site seems to have been given, a poison chalice! In the recently revised Town Planning Scheme draft, quote “Special development site with scope for the following uses: private recreation/ entertainment, tourism/short stay accommodation, mixed business/service commercial and medium density residential. Development of this area should recognise the prominent location of this land and therefore be of high quality. Drainage and servicing issues also to be demonstrated”
Longer term looks better. Also considering if there is a high quality transportable compromise? Although a commitment by the resources companies involved would offer a more permanent solution.
Due to the limited market and the nature of resource boom and busts I presume any lenders would require some form of commitment from prospective principal tenants to support development.
Has anyone had any experience or exposure to these types of deals?
Cheers johny
Current accommodation supply is critical. Demand is being addressed in the short term with the use of transportable accommodation. However our site seems to have been given, a poison chalice! In the recently revised Town Planning Scheme draft, quote “Special development site with scope for the following uses: private recreation/ entertainment, tourism/short stay accommodation, mixed business/service commercial and medium density residential. Development of this area should recognise the prominent location of this land and therefore be of high quality. Drainage and servicing issues also to be demonstrated”
Longer term looks better. Also considering if there is a high quality transportable compromise? Although a commitment by the resources companies involved would offer a more permanent solution.
Due to the limited market and the nature of resource boom and busts I presume any lenders would require some form of commitment from prospective principal tenants to support development.
Has anyone had any experience or exposure to these types of deals?
Cheers johny
