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THE PROCESS | CASE STUDIES
DEVELOP AND MANAGE YOUR LAND


CASE STUDY ONE: BALDIVIS, WA 40.5 HECTARES

Stage

Zoning

Value per hectare
 
Purchase Rural $155,555
Adoptive Structure Plan Residential Development $1 million
Completion R30/R20 individually sold $1.5 million

In 2004, a long-term Terranovis client met with the project management team to determine where to invest some funds. Terranovis identified a parcel of rural land in Baldivis that could potentially be rezoned and developed. The client purchased the 4.5 hectares of land and appointed Terranovis to project manage the process. Terranovis then approached and were subsequently appointed by nine surrounding landowners. This allowed for the cost of services including water and sewer to be amortised amongst ten developers. Terranovis then worked on behalf of these ten owners to coordinate the design of a local structure plan, with the outcome being the approval for 470 residential lots across 40.5 hectares. At time of writing, 30% of the lots have been sold.

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CASE STUDY ONE: BALDIVIS, WA 4.5 HECTARES

Stage

Zoning

Value per hectare
 
Purchase Rural $592,640
Adoptive Structure Plan Residential Development $1 million
Completion R30/R20 individually sold $1.72 million

In 2006, an investor purchased 4.5 hectares of Baldivis land through their self-managed superannuation fund. The land parcel was located within the same area detailed in Case Study 1 above. When the landowner was approached by Terranovis shortly after the purchase, the landowner was excited about the prospect of being involved in the rezoning and redevelopment process, and as the landowner had no experience in these processes, the landowner was confident appointing a professional firm such as Terranovis. In the three years following the purchase, the land appreciated in value two-fold, and construction had begun on the site. As an aside, the land was positioned on top of a hill, and Terranovis was able to negotiate the sale of excess sand on the site for over $1 million. The landowner has also enjoyed tax advantages as the purchase was made via the landowners self-managed superannuation fund.

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CASE STUDY THREE: HENTY PARK ESTATE, PAKENHAM VIC 307 LOTS RESIDENTIAL SUBDIVISION

Stage

Zoning

Value per hectare
 
Purchase Development $14.3 million*
Adoptive Structure Plan Development $2.75 million*
Completion   $9 million*

In 2007 a privately owned company, SPM Victoria Pty Ltd purchased a 307 lot residential estate in Pakenham, Victoria. The estate comprised about 140 developed and titled lots and a further 167 lots worth of developable land. The company approached Terranovis to prepare feasibility analysis to determine the viability of selling the existing lots and developing the remaining land. Terranovis conducted an analysis and projected the company could realise a 325% profit (before tax) on equity over 3 years plus return of the capital used to fund the purchase of the land. The company appointed Terranovis to project manage the development of the balance of the land and to sell the resulting 307 lots. Terranovis managed this process and the company has since developed and sold its lots within the timeframes projected by Terranovis and has achieved a profit of 327% (before tax) plus return of capital. *Approximate figures net of fees but before tax.

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