Burns Road Project: GCA
Gerard Coutts and Associates (GCA) are continuing with its appointment by Hobsons Bay City, to engage and work with the 200+ landowners of the Burns Road Industrial Estate, Altona. By the close of 2017, the Burns Road Land Owners Group was officially formalised as an incorporated association and, with a membership of 47% of the estate and, with the ongoing guidance and support of GCA the land owners group is working collaboratively towards the next stage.
GCA is currently engaged by the Bridge Cookes Land Owners Group, to assist with a land assembly and development strategy for a forty (40) hectare site in the northern suburbs of Melbourne. GCA is currently preparing the development plan for submission to Whittlesea City Council.
- The objective of land assembly is to maximise upon sale, the value or financial return of identified land within potential development growth areas
- The advantage of an “assembly strategy” is; land that has limited value as agricultural or individual land, gains increased worth via aggregation, formalisation and the establishment of a combined saleable development site.
- Individual land owners and local government can both benefit from this type of development strategy
- It requires vision, patience and a willingness to work collaboratively together to achieve a successful outcome for all stakeholders.