Our Sustainable Places Strategy applies to all new masterplan activity and projects during the FY20 reporting period. As a masterplan developer we use a variety of structures to deliver projects. The key types of project structures that we use are:
• Owner/Master Developer
• Project Delivery Agreement (PDA)
• Reverse Project Delivery Agreement (RPDA)
• Joint Ventures (JV)
Because we use these different approaches Landcom has varying levels of influence over project outcomes. For example, with our Climate Resilient Places targets there is variability between what we can influence when acting as the Owner/Master Developer, compared to a Reverse Project Delivery Agreement where we are not the land owner and we may need to negotiate with other project partners before adopting environmental commitments for the project.
Type of project structure
Land ownership
Delivery method
Asset disposal
Owner/Master Developer
Land ownership
We own the land.
Delivery method
We are responsible for masterplanning and approvals and undertaking all development works.
Asset disposal
We sell the land as vacant lots – residential, commercial or industrial.
Type of project structure
Land ownership
Project Delivery Agreement (PDA)
Land ownership
We own the land.
Delivery method
We tender for a partner to project manage and undertake development works (there is a clear delineation of risks and responsibilities between us and our partners).
Asset disposal
The successful tenderer acts as a ‘super contractor’ in return for payment from us on sale of individual lots to third parties.
Type of project structure
Land ownership
Reverse Project Delivery Agreement (RPDA)
Land ownership
We do not own the land (we develop the land on behalf of another government agency or the private sector land owner).
Delivery method
We generally undertake the planning, construction and/or sales activities.
Asset disposal
All revenue on sale is paid to the land owner and we invoice the land owner for the reimbursement of costs and fees.
Type of project structure
Land ownership
Joint Venture (JV)
Land ownership
We sell the land to the JV for a cash payment.
Delivery method
We create a separate legal entity that can pay invoices, pay and receive GST and receive sales revenue.
Asset disposal
We, and the JV partner, contribute equity into the JV equally and receive a profit share equally (not revenue).
Our Sustainable Places Strategy
Climate Resilient
Places
Enabling carbon neutral, water positive, zero waste and net positive ecological outcomes by 2028.
Healthy &
Inclusive Places
Enhancing Landcom’s international status for delivering world class liveable places, founded on equity, affordability and inclusion by 2036.
Productive
Places
Contributing to the global innovation economy by enabling over 30,000 new jobs by 2036.
Accountable &
Collaborative Places
Driving accountability and performance along our value chain.