Accelerated Open Space Strategy: 10-Year Acquisition Mandate Delivered in 3 Years
Aerial view acquisition site Source: City of Port Phillip
Site photo Source: City of Port Phillip
Acquisition sites Source: City of Port Phillip
The Challenge: The City of Port Phillip required the rapid, compliant, and discreet acquisition of critical land to deliver a 10-year open space strategy in underserved areas. The risk was "market signalling", if the market knew Council was buying, prices would inflate instantly, as well as slow capital deployment.
Our Intervention: Precision execution and accelerated capital deployment We converted the Council’s long-term strategy into an immediate, targeted acquisition program. By managing a continuous pipeline of due diligence, valuation, and negotiation, our team successfully delivered the 10-year mandate in less than one-third of the anticipated time (3 years)
Our achievements:
Accelerated Delivery: Executed the strategic plan with unmatched velocity, resulting in the compliant acquisition of 11 specific open space sites, totalling 2 hectares
Acquisition Rigour: Coordinated and managed a multi-disciplinary specialist consultant team to ensure simultaneous, high-quality due diligence and robust valuation compliance across multiple complex negotiations.
Strategic Land Banking: Ensured the successful and timely deployment of capital, securing critical properties in underserved areas, significantly de-risking the Council's open space future
Result: Final acquisition and settlement of 11 strategically identified sites