Commercial Property and Landholdings Activation Plan

Summary and scope

Tamworth Regional Council (Council) is a large regional Council in Northern NSW. Council holds a large, diverse and complex property portfolio accumulated over time for various purposes. The property portfolio provides a significant opportunity to have a positive impact on community outcomes and benefit realisations for Council. This portfolio lists approximately 650 separate parcels of land (with some combined to form larger properties). The land value of this portfolio is in excess of $200 million with additional improvements on the properties beyond this. Council seeks to unlock the potential of its property assets to drive strategic economic growth, community benefit and long-term financial sustainability. This project will deliver a tailored plan that reflects local conditions, market dynamics and strategic priorities. The primary objectives of this engagement are to: • Consolidate and analyse Council’s property data to understand current land holdings, the purposes, opportunities and gaps for future service needs • Develop a strategic framework for asset optimisation that identifies activation opportunities aligned with strategic objectives • Provide actionable recommendations for asset retention, divestment, or redevelopment (including specifically for the Tamworth Global Gateway Park) • Establish a sell to market plan informed by market trends • Establish governance and delivery frameworks to support implementation • Support Council in implementing a commercially sound and community aligned property plan Refer to detailed information within the provided documents.