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Acquisitions

Services

The Commercial Transactions team provides a range of property acquisitions services and professional advice to assist Clients with their strategic property needs, from a single property to the delivery of whole programs. Acquisitions can be via the open market or by statutory processes.

Open market acquisitions are facilitated by a range of activities including:

  • Scoping of client service delivery needs
  • Site identification, Site assessments and due diligence programs to effectively identify manage and mitigate risks
  • Engagement and management of specialist consultants;
  • Negotiation of fair market price, terms and conditions;
  • Completion of purchases and Client handover.

Statutory acquisitions services provided by the team to assist in the delivery of Government programs include:

  • Compulsory acquisitions under the Land Acquisition (Just Terms Compensation) Act for Government facilities such as office buildings, police stations, transport interchanges and other built infrastructure on private or public land;
  • Transfer of land and interests in land (e.g. leases) for Government generic property, by vesting under the State Property Authority Act under Premier's Memorandum 2012-20.

Programs and Projects

The Commercial Transactions team undertakes the statutory transfer of generic government properties under Premier's Memorandum 2012-20 and provides acquisition services for a large number of Government and Community projects and programs. These acquisitions projects include:

  • Specific needs residential cottages and units on behalf of Aging Disability and Home Care
  • Vacant land and redevelopment sites for the construction of purpose built dwellings
  • Land and easements for transport interchanges and other rail infrastructure
  • Land for community water infrastructure projects on behalf of Finance and Services and Local Government Authorities
  • Land and easements for water infrastructure.
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