The Challenge: A prime Richmond investment faced restricted development potential and suppressed disposal value due to a public laneway dividing three adjacent properties. The challenge was navigating Council processes to secure the necessary land acquisition to allow full site consolidation.

Our Intervention: Strategic land assembly and regulatory negotiation We executed a highly specialised strategic intervention focused on development enablement. This involved successfully negotiating with the Local Council to approve the discontinuance and acquisition of the public laneway, removing the regulatory constraint to development.

Our impact:

• Asset Transformation: The intervention facilitated the consolidation of a triple-fronted site fundamentally changing the asset's scale and development profile.

• Value Optimisation: Successfully optimised the eventual disposal value by creating a superior asset offering for developers seeking maximum Gross Floor Area (GFA) and efficient design. In addition, negotiated near term lease expiries for each of the three occupational tenants, enabling market certainty around vacant possession and removing a significant barrier to future development.

• Political Literacy: Demonstrated mastery of the Council land discontinuance processes; politically sensitive and administratively complex public transaction.

• Converted a fragmented, value-constrained site into a premium, consolidated development opportunity.