Williams Landing
Overview:
Innovista Group was engaged by Honestar Holdings Pty Ltd to provide strategic advisory and consulting services for a master-planned, multi-tower mixed-use development located in Williams Landing. The project, situated in Melbourne’s booming western growth corridor, was a significant opportunity for the client, who was selected as the lead tender by the vendor. Innovista’ s role was to assess the financial viability of the project based on preliminary concept designs and projected scope, ensuring the client was well-positioned to make an informed decision.
Innovista Group’s Role:
Innovista Group provided Development Advisory, Due Diligence, Feasibility, and Financial Modelling Services for this master-planned project. By conducting a thorough analysis of the site’s potential and advising on various risk factors, Innovista helped the client navigate complex contractual obligations and market uncertainties. One of the key contributions from Innovista was its ability to think ahead and provide strategic advice that went beyond just assessing the immediate feasibility of the project.
When Honestar Holdings faced uncertainty regarding how to proceed with the acquisition, Innovista recommended a cautious approach. This ultimately led to a decision not to proceed with the purchase due to potential risks identified in the contract terms. This decision saved the client from possible financial exposure while preserving their ability to pursue future opportunities.
Outcome:
Through Innovista Group’s expert guidance, Honestar Holdings successfully mitigated risk by opting not to proceed with the project. The decision was based on sound financial analysis and strategic advice, demonstrating Innovista’ s commitment to protecting its clients’ interests while ensuring they are well-informed at every stage of the development process.
"Theo and Innovista's thorough due diligence and strategic advice were crucial in our decision-making process. Their comprehensive analysis helped us avoid potential financial risks. We appreciate their commitment to protecting our interests and look forward to future collaborations."
Tony S – CEO | Honestar Holdings
Client
Honestar Holdings Pty Ltd
Location
Williams Landing, VIC
Project Value
$10M
Project Status
Complete
Project Highlights
Master-Planned Development
The project envisioned a multi-tower mixed-use development in the heart of Williams Landing, incorporating residential high-rise apartments with potential for retail and commercial spaces.
Comprehensive Feasibility Analysis
Innovista Group conducted detailed due diligence and financial modelling to assess the project’s viability. This included evaluating market conditions, construction costs, and potential returns on investment.
Risk Mitigation
Through its strategic advice, Innovista identified contractual complexities with the vendor that posed significant risks to the client. As a result, Honestar Holdings opted not to proceed with the acquisition, avoiding potential financial exposure.
Project Highlights
Master-Planned Development
The project envisioned a multi-tower mixed-use development in the heart of Williams Landing, incorporating residential high-rise apartments with potential for retail and commercial spaces.
Comprehensive Feasibility Analysis
Innovista Group conducted detailed due diligence and financial modelling to assess the project’s viability. This included evaluating market conditions, construction costs, and potential returns on investment.
Risk Mitigation
Through its strategic advice, Innovista identified contractual complexities with the vendor that posed significant risks to the client. As a result, Honestar Holdings opted not to proceed with the acquisition, avoiding potential financial exposure.
