Tarneit
Overview:
Innovista Group was engaged by Honestar Holdings Pty Ltd to provide consulting and advisory services for the acquisition of a large-scale land subdivision project in Tarneit. The project involved over 800 lots, with the potential for significant development under a master-planned framework. Innovista’s role was to conduct due diligence, feasibility analysis, and structure a joint venture (JV) partnership to ensure the project’s viability and alignment with the client’s long-term goals.
Innovista Group’s Role:
Innovista Group provided critical Consulting, Due Diligence, and Strategic Advice throughout this complex transaction. The team worked closely with Honestar Holdings to assess the financial viability of the project and structured a joint venture agreement that aligned with both parties’ objectives. Innovista’s ability to navigate complex negotiations with both vendors and JV partners was key to ensuring that all stakeholders were aligned. The team’s strategic advice on pricing and market conditions helped the client make an informed decision not to proceed with the acquisition at an inflated price point, thereby mitigating potential financial risk.
Outcome:
Although the project did not proceed due to vendor price expectations, Innovista Group’s comprehensive due diligence and strategic guidance ensured that Honestar Holdings was well-informed throughout the process. The decision not to proceed protected the client from potential financial overexposure while maintaining strong relationships with industry partners for future opportunities.
"Although we didn't proceed with the acquisition, Innovista Group's comprehensive due diligence and strategic guidance were invaluable. Theo's market insights and ability to structure beneficial partnerships impressed us. We look forward to working with them on future opportunities."
Tony S – CEO | Honestar Holdings
Client
Honestar Holdings Pty Ltd
Location
Tarneit, VIC
Project Value
$70M
Project Status
Complete
Project Highlights
Large-Scale Subdivision
The project was designed to deliver over 800 residential lots, providing a significant opportunity for development in one of Melbourne’s fastest-growing corridors.
Strategic Joint Venture Partnership
Innovista was instrumental in identifying and securing a joint venture partner who shared the client’s vision for the project. This partnership brought together complementary skills and resources, enhancing the project’s potential for success.
Comprehensive Due Diligence
Innovista conducted extensive due diligence, including market analysis, financial feasibility studies, and risk assessments. This ensured that all aspects of the project were thoroughly evaluated before proceeding.
Project Highlights
Large-Scale Subdivision
The project was designed to deliver over 800 residential lots, providing a significant opportunity for development in one of Melbourne’s fastest-growing corridors.
Strategic Joint Venture Partnership
Innovista was instrumental in identifying and securing a joint venture partner who shared the client’s vision for the project. This partnership brought together complementary skills and resources, enhancing the project’s potential for success.
Comprehensive Due Diligence
Innovista conducted extensive due diligence, including market analysis, financial feasibility studies, and risk assessments. This ensured that all aspects of the project were thoroughly evaluated before proceeding.