State Government entity – property development strategy review
KordaMentha was engaged to support a State Government entity’s corporate strategy refresh, including a high-level review of its surplus land strategy, prioritisation framework and delivery models across approximately 120 sites.
Related Services
Real Estate AdvisoryThe entity is a significant landowner, holding over 30,000 hectares of land, two-thirds of which is allocated for core operations. As the custodian of a large portfolio of land, buildings and infrastructure, the entity is responsible for protecting and enhancing the value of these assets and reinvesting into core operations.
We were engaged to assist with a corporate strategy refresh, including a high-level review of its surplus land strategy. This involved assessing its Property Prioritisation Framework and development delivery models to support the commercialisation of surplus sites through sale or development with delivery partners.
How we helped
We delivered strategic advice to support the entity’s transformation planning. Our review focused on identifying opportunities to maximise recurring revenue from surplus landholdings and align delivery models with commercial objectives.
- Assessed the entity’s Property Prioritisation Framework across c. 120 sites
- Reviewed development delivery models including sell ‘as is’, value-add and sell, ground lease, vendor and stretch vendor models
- Evaluated alignment with the entity’s objective to generate recurring revenue for reinvestment
- Delivered a high-level desktop review of the entity’s property development strategy
- Provided commercial advice on a high-profile site
- Supported strategic planning for long-term transformation
Outcomes acheived
- Portfolio clarity: Prioritisation framework reviewed
- Delivery model insights: Commercial pathways assessed
- Strategic alignment: Recommendations tied to reinvestment goals
- Site-level advice: Commercial input and feasibility analysis on key asset
- Transformation support: Input into broader strategy refresh
- Revenue focus: Emphasis on recurring income generation
- Partner readiness: Framework to engage delivery partners
- Actionable roadmap: Clear next steps for surplus land strategy
