Property Development
Transforming urban spaces through strategic investment and sustainable development.
Driving Value from City-Owned Land
The Property Development Unit aims to maximise the returns on City owned land. Creation of high yielding property assets with a sustainable income stream.
A large proportion of the City’s assets are vacant land with an inherently low asset value and associated low returns. By facilitating the development of well-located properties with high potential, a base of long-term recurring income w ll be created.
Defining Property Development
Property Development is the business of making improvements to land and buildings so that their end value exceeds initial value in such a way that returns are maximised.
Delivery Impact
- Development of “inclusionary commercial development.
- Value derived from unifying capital, current and major works projects.
- Planned development and budgeting as most projects are guided by the investment strategy and asset plans.
Understanding “Returns” of Public Land Development
Financial/ Economic
Creation of high yielding property assets with a sustainable income stream. A large proportion of the City’s assets are vacant land with an inherently low asset value and associated low returns. By facilitating the development of well-located properties with high potential, a base of long-term recurring income will be created.
Delivering on City Objectives
As per priorities identified in the SDBIPS
Transforming the property industry
By empowering emerging developers and contractors, job creation, skills transfer and enterprise development
Core Objectives
To provide assurance that performance measurement and client reporting is aligned to City’s targets, this unit focuses on:
- Monitoring and evaluating the optimisation of portfolio composition
- Maintenance of the property asset register
- Income and expenditure growth
Business Development
This consist of analysis and land preparation by town planners and urban designs to develop business cases.