strategic plan 2020 2 3 - renewal sa
TRANSCRIPT
S T R A T E G I C P L A N 2 0 2 0
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GROWTH AND LEADERSHIP THROUGH PROPERTY AND PROJECTS
We acknowledge the land on which we work is the traditional land of the Kaurna people and we respect their spiritual relationship with their country.
We also acknowledge the Kaurna people as the custodians of the Adelaide region and that their cultural and heritage beliefs are still as important to the living Kaurna people today.
Ngadlu tampinthi yalaka ngadlu Kaurna yartangka inparrinthi. Ngadludlu tampinthi, parnaku tuwila yartangka.
Kaurna Miyurna yaitya yarta-mathanya Wama Tarntanyaku, parnaku yailtya, parnaku tapa puru purruna. Kaurna Miyurna ithu yailtya purruna, yarta kuma puru martinthi, puru warri-apinthi, puru tangka martulayinthi.
Photo taken at the smoking ceremony held at Lot Fourteen to heal and cleanse the site and to celebrate re-connection to the site with the Kaurna community.
Through our Reconciliation Action Plan, Renewal SA takes meaningful steps across our range of projects, programs and other activities to enhance how we respectfully acknowledge and engage with our key Aboriginal and Torres Strait Islander partners and stakeholders in the planning and development of land across the Greater Adelaide region.
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4 Message from the Treasurer
5 Message from the Presiding Member
6 Our Strategic Framework
7 Who we are
8 What we do
9 Our Current Portfolio
10 Our purpose
11 Our mission
13 Our strategic pillars
14 People
15 Partnerships
16 Pipeline
17 Projects
18 Our public sector values
19 Our commitment to you
C O N T E N T S
The Urban Renewal Authority (URA) trades as Renewal SA and operates under the legislation of the Urban Renewal Act 1995 within the portfolio of the Treasurer, the Hon Rob Lucas MLC.
Renewal SA is a statutory corporation and its Chief Executive reports to the Treasurer and to the URA Board of Management.
The operations of the Board are governed by the Renewal SA Charter which is revised annually and approved and executed by the Treasurer of South Australia. The Charter sets out the government’s strategic objectives, priorities and focus areas of Renewal SA.
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The South Australian Government is committed to improving the lives of South Australians through economic growth and development.
We have, and will continue to achieve, world-class property and development outcomes for the State, driving social and economic growth for South Australia and creating jobs.
We are continuing to focus on creating, planning and delivering inspiring economic development projects, building new communities and developing previously untouched sites into liveable places - enabling all South Australian communities to thrive.
Growth State is our commitment to grow and accelerate our economy through partnerships between government and industry. The plan seeks to unite the goals of the public and private sectors, to encourage greater investment in our economy, address economic barriers to growth and attract the best and brightest people to work and live in South Australia.
Growth State is helping us to stay focused on the projects that matter the most, creating a State that is full of unique and exciting opportunities and experiences for our communities and visitors.
Renewal SA is one of South Australia’s powerhouse agencies of economic growth and has several key projects underway to drive this. One of the government’s current innovative projects, supported by Renewal SA, is Lot Fourteen — a transformation of the former Royal Adelaide Hospital site into a world-class precinct where ideas and innovation will come to life to see a growing economy.
Meanwhile at Osborne, Renewal SA is facilitating the continued and unprecedented investment from our defence sector and leveraging an increase in economic activity to realise the ongoing revitalisation of Port Adelaide.
Through projects like these and others across residential, industrial, high value manufacturing and mixed-use, Renewal SA will continue to play a critical role in contributing to the South Australian Growth Agenda, stimulating the creation of jobs and bolstering social and economic growth for the State.
M E S S A G EF R O M T H ET R E A S U R E R
The Hon. Rob Lucas MLC, Treasurer of South Australia
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I am very pleased to release the 2020-2023 Strategic Plan for Renewal SA. The Board and Management team have been working very hard to articulate the role that Renewal SA will play in property and urban renewal projects in South Australia. Renewal SA will provide leadership and clear direction to drive investment into transformational property and urban renewal projects for the benefit of all South Australians.
The Strategic Plan is formulated on a foundation of four pillars — people, pipeline, partnerships and projects. These four pillars are critical to our success. Everything we do is underpinned by good governance and accountability for our performance.
We are very focused on driving economic growth in South Australia through property development and urban renewal projects of scale. We achieve this by working closely with our partners across the public and private sectors. Renewal SA has a proud history of working closely with the public and private sectors to deliver major urban renewal projects. Now, more than ever, we need our partners to continue to have the confidence to invest in South Australia.
We are committed to putting our people, customers and our partners at the heart of everything we do — creating a culture built on living our values.
Our aim is to build a strong and experienced team to provide quality commercial advice to the South Australian Government on how its land, land owned by South Australians, can be used to build new communities, foster employment growth and support the Growth State. We take this responsibility very seriously.
We are currently in a period of greater economic uncertainty and we want to work closely across government and the private sector to fund, support and, where necessary, intervene to allow major property and urban renewal projects to advance with confidence and success.
Our success will hinge on investing in our people, creating a strong investment pipeline, building mutually beneficial partnerships and delivering on our projects.
We have a wonderful opportunity to positively shape the future of South Australia through property at Renewal SA. On behalf of the URA Board I am pleased to endorse the Strategic Plan 2020-2023.
M E S S A G E F R O M T H E P R E S I D I N G M E M B E R
Con Tragakis, Presiding Member of the Urban Renewal Authority (URA)
Board of Management
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O U RS T R A T E G I C F R A M E W O R K
W H O W E A R E
A N D W H A T W E D O
O U R P U R P O S E
A N D M I S S I O N
S T R A T E G I C F O C U S
S T R A T E G I C P I L L A R S
U N D E R P I N G R O W T H
G O A L S I N I T I A T I V E S
D E L I V E R Y A N D A C C O U N T A B I L I T Y
M E A S U R E S O F S U C C E S S
B U S I N E S S P L A N
This strategy affirms our focus on growth and provides the detail required to ensure delivery and accountability.
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W H O
W E
A R E
Renewal SA was established with the primary purpose to initiate, undertake, promote, and support urban development
activity to help deliver key strategic priorities of the South Australian Government, particularly the new urban development directions outlined in the 30-Year Plan for
Greater Adelaide.
Renewal SA is aligned to, and supports, the government’s economic plan, Growth State: Our Plan for Prosperity, which aims to stimulate the economy and population of the State. Our activities are driven by The 20-Year State Infrastructure Strategy which sets the long-term direction and priorities for infrastructure development in South Australia, and the
Our Housing Future 2020-2030 strategy which is delivering a better housing future by coordinating activity
and opportunities across the housing sector.
As the delivery agency for the South Australian Government, we provide opportunities for industrial and commercial development on designated lands to support social and
economic growth and job creation.
Our focus is on property development that builds new industries, infrastructure and communities while driving
economic activity, attracting investment, and enhancing the liveability and land values in our State.
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W H A TW E D O
Our desire is for South Australia to have a strong economy and be a great place to live, and we believe property and development projects are key contributors to ensuring this is a reality.
Renewal SA is responsible for leading and coordinating urban renewal activity to ensure that the State’s future employment and housing needs are met through well-planned, affordable and vibrant urban development located near transport, employment, education and other services.
Our key functions as outlined in our Charter include:
^ encouraging, facilitating and supporting public and private sector investment and participation in the development of our State
^ initiating and developing a range of different property projects
^ acquiring and assembling land and other assets in strategic locations for urban renewal
^ acquiring, holding, managing, leasing and disposing of land and assets
^ promoting community understanding of, and support for, urban renewal by working with all key stakeholders
^ preparing and de-risking projects and land to enable investment by the private sector.
As a significant source of revenue for the State, Renewal SA has created, on average, more than $100 million of income each financial year through its activities.
This revenue is predominantly sourced through four activity areas:
Across these four areas, our focus is to work with others to enable investment. To ensure success, we cultivate strong partnerships across the private development and investment sector, construction and service industries as we work to represent a whole-of-government view.
Renewal SA strives to create exceptional outcomes, both practically and financially, in order to drive the future growth of our State.
We want to see a thriving and growing private property and development sector. In addition to commercial objectives, we exist to drive growth in our State through transformative projects, property initiatives and activities, in partnership with others who are just as passionate about property and South Australia.
We undertake a significant volume of civic, residential, industrial, commercial and economic-focused developments in addition to managing a substantial asset and land portfolio.
Residential and Trading Projects 42%Property Management 25%Industrial and Commercial Sales 21%Innovation Precinct Sales 12%
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O U R C U R R E N T P O R T F O L I O
Our Strategic Plan seeks to consolidate and grow the already substantial stable of properties and projects that enables us to have an impact across South Australia. The majority of these projects are delivered in partnership with the private sector.
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*Based on the 2020-2021 financial year proposed budget
6industrial/employment
land projects
Northern Lefevre Peninsula,Edinburgh Parks, Elizabeth South,
Gillman, Osborne North,East Grand Trunkway
7 residential trading
projects
TOTAL
3,370 HECTARES
$104M REVENUE
3 innovation precincts
Lot FourteenTonsley
Technology Park
1 , 8 0 0 H Alandbank assets
Across Adelaide and the regions
$ 7 8 Mof property assets under management
Adelaide Station and Environs Redevelopment
Technology Park
North Plympton
3 civic projects
Adelaide Railway StationFestival Plaza
Adelaide Riverbank
Bowden, Playford Alive, Tonsley,The Square Woodville West,
Lightsview, Our Port, Eyre - Penfield
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O U R P U R P O S E
I S T O I M P R O V E T H E
L I V E S O F S O U T H
A U S T R A L I A N S N O W
A N D I N T O T H E F U T U R E
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O U R M I S S I O N I S T O
L E A D , S U P P O R T A N D
D R I V E I N V E S T M E N T
A N D G R O W T H
T H R O U G H P R O P E R T Y
A N D P R O J E C T S
As the South Australian Government’s leading urban development agency, we coordinate, develop and deliver projects and initiatives through our people and collaborative partnerships for the benefit of all South Australians.
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PIPELINE
PROJECTS
P E O P L E
PARTNERSHIPS
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Our pipeline is an essential building block for the future successes of Renewal SA and crosses a range of market segments and property categories. A healthy pipeline brings not only opportunity for our State and our people, but also brings hope, creates a vision, seeds purpose and underpins our mission.
By focusing on a strong pipeline, we will help to attract future investment and property-based jobs further impacting the lives of those living in South Australia.
An ambitious pipeline of projects and property initiatives will set the course for an exciting and thriving future.
People are at the heart of everything we do. Everyone at Renewal SA has a role to play in delivering our organisational priorities.
The success of Renewal SA hinges on the performance of our people. By mobilising our collective passion for South Australia and property and by utilising our diverse skill sets, we will deliver nation-leading property and development outcomes for our State.
Our culture ensures we enthusiastically continue to deliver innovative, high-value projects for the communities we work within and the entire State.
We deliver a range of inspiring and innovative projects and transform places that might have otherwise remained undeveloped into liveable and vibrant communities. These projects leave a legacy for the future.
Our projects are complex, challenging and focused on meeting genuine community and industry needs.
Our projects are bringing our mission to life, and use the best in design and integrated planning to deliver connected and sustainable residential, industrial and mixed-use communities.
Partnerships are central to our success. In order to see our State succeed, we will collaborate and partner with the private development and investment sectors, community, and all levels of government and industry.
We recognise the value that collaboration can bring and believe that together, we can achieve great outcomes for South Australia.
O U R S T R A T E G I C P I L L A R SFour strategic pillars uphold our purpose and mission to positively impact the future of our State and the lives of South Australians. Everything we do falls into one of these key areas and our success can be judged on our ability to deliver on these promises.
Our strategic pillars underpin our three-year organisational goals and initiatives, all of which are designed to support ambitious outcomes. We thrive on accountability and results, and ongoing measurement of our success means we constantly assess our position and pivot as needed to ensure we reach our goals.
P E O P L E
P I P E L I N E
P A R T N E R S H I P S
P R O J E C T S
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O U T C O M E S
Renewal SA and its projects operate incident and injury free, and staff and contractors are engaged with a “safety is how we do business around here” mindset.
Renewal SA has great people in the right positions, at the right time, and creates a positive employee experience so our people are proud to work here and want to stay.
Renewal SA sets clear expectations and engages our people so they are motivated to perform at their best.
Renewal SA enables our people to reach their potential and develops future capabilities for the business.
Renewal SA recruits, retains and develops a diverse workforce that reflects the community that we serve, and embraces, respects and values the differences of our people.
P E O P L E
M E A S U R E S O F S U C C E S S
^ Zero injuries and notifiable incidents.
^ Renewal SA is an employer of choice and has a highly engaged workforce.
^ 100% staff participation in our updated performance management process.
^ Diversity and inclusion are actively championed and reflected in our policies, work practices and decision making.
^ Development and implementation of our Reconciliation Action Plans to bring direction to and grow capability across our workforce.
^ Frameworks and systems are fit for purpose and integrated throughout the business.
In July 2020 the URA Board of Management established a People and Culture Sub-committee to monitor the implementation of key initiatives and annual business plan targets. This critical move has elevated the focus and priority placed on our people as the cornerstone of our success and impact.
I N I T I A T I V E S
Drive a culture of safety and wellbeing for our people and those of our partners.
Reset the values and culture to improve the employee experience. These cultural shifts focus on improving trust and inclusion, strength of leadership, the way we add value across the organisation, and enhance a growth mindset.
Create and implement a new performance framework to support a performance culture.
Understand and track the skills and capabilities of our people and improve development planning to increase engagement and capability building.
Develop a Diversity and Inclusion Strategy to foster a workplace culture that is inclusive, collaborative and supports the talent and diversity of our people.
T H R E E - Y E A R G O A L :
Renewal SA is an inclusive and dynamic working environment that drives high levels of engagement, market-leading capability, and results-driven performance.
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O U T C O M E S
Renewal SA enters into multiple private and public sector partnerships, and investment in South Australia increases as a result.
Renewal SA is known as a genuine relationship builder that communicates opportunity, manages conflict and brings together partners to achieve results.
The Renewal SA brand is recognised by South Australians for achieving tangible growth outcomes.
.Renewal SA is the government agency for all property related matters and undertakes multiple developments and property transactions on behalf of other government agencies.
P ARTNERSHIPS
M E A S U R E S O F S U C C E S S
^ Increased number of projects undertaken in partnership.
^ High level of stakeholder satisfaction and positive feedback from government agencies, private development and industry partners and the community is received.
^ Economic contribution and social value are delivered through partnerships.
^ Increased private investment in South Australia.
^ Positive feedback received from partners through regular surveys.
^ Increased volume of cross-government projects assisted and impacted through Renewal SA.
^ Increased positive brand awareness.
^ Aboriginal cultural heritage and associated initiatives are managed in collaboration with relevant First Nations groups.
I N I T I A T I V E S
Be the government ‘partner of choice’ for the public and private sector on property initiatives and projects.
Develop a Corporate Communications and Partnerships Plan to consult with community, industry and government, build relationships, drive collaboration and build reputation.
Develop a corporate brand platform to build trust and understanding.
T H R E E - Y E A R G O A L :
Renewal SA’s strong and collaborative partnerships unlock new opportunities and produces exceptional market-leading results for the State.
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O U T C O M E S
Renewal SA uses a structured business planning process that results in a tangible and achievable pipeline of opportunities.
Renewal SA is the peak government agency for property and project delivery.
Renewal SA delivers a pipeline of projects annually that leads the market and increases investment into South Australia and Gross State Product (GSP).
Project origination comes from across the entire organisation. Staff are engaged and active in the process; ‘pipeline is everyone’s responsibility’.
P I P E L I N E
M E A S U R E S O F S U C C E S S
^ Establish a geographical supply and demand analysis for all asset classes (commercial, industrial and residential), including key regional areas.
^ Development opportunities on government landholdings are proactively identified.
^ Deliver new project opportunities to increase GSP based on additional capital investment in property.
^ Advocacy for Renewal SA involvement is initiated by the private sector.
^ Delivery of regular market and trend-based reports to determine future needs and emerging issues (e.g. technology data, manufacturing, defence).
I N I T I A T I V E S
Develop a Growth and Pipeline Identification and Delivery Strategy.
Develop a collaborative strategy to engage with other government agencies to seek, identify and prioritise property development opportunities for the State.
Develop and communicate a Development and Investment Strategy based on priority of projects to engage with the Australian property sector.
Embed a ‘pipeline attitude’ within the project teams to identify, drive and deliver new opportunities within existing projects.
T H R E E - Y E A R G O A L :
We are constantly initiating and contributing to a strong pipeline of development opportunities that enable growth and attract additional investment for the State.
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I N I T I A T I V E S
Develop a Sales and Conversion Framework within market-facing projects including live tracking on performance.
Ensure an organisation-wide, business planning approach.
Deliver affordable housing across all projects and lands owned by Renewal SA, South Australian Housing Authority (SAHA) and the community
housing sector.
Maximise job opportunities and growth through targeted capital expenditure.
Work with SAHA to deliver housing construction industry stimulus through a range of initiatives such as community and affordable housing.
P ROJECTS
M E A S U R E S O F S U C C E S S
^ Implementation of a system to live track sales performance, conversions and cost per sale.
^ Annual project performance assessment against KPIs.
^ The volume of projects undertaken in partnership with community housing providers, other government agencies and private sector increases and exceeds 15% proportionally.
^ Economic, social and environmental outcomes are achieved as per policy objectives.
^ Deliver a COVID-19 Recovery Plan measured by impact on GSP.
^ Jobs are created across all projects we deliver.
^ Economic impact benchmarks are defined and GSP impact of projects is tracked and increased.
The Our Future Housing Strategy 2020-30 objectives and activities for Renewal SA are incorporated within the relevant projects and developments.
O U T C O M E S
Renewal SA is a market leader in data analysis enabling the organisation to meet and exceed sales and revenue forecasts.
All projects result in job growth.
Projects demonstrate excellence in delivery, management and completion/handover.
Renewal SA leads and delivers on economic recovery intiatives relating to property.
T H R E E - Y E A R G O A L :
Alongside our partners, Renewal SA leads the market to deliver economic, social and environmental benefits through excellence in project delivery.
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The South Australian public sector values guide our behaviours and practices. They apply to everyone at Renewal SA, regardless of position, expertise or location. These values reflect our commitment to the ever-changing needs of South Australians, and the role of government in helping to foster the State’s prosperity and wellbeing.
S E R V I C E
We proudly serve the community and Government of South Australia.
C O L L A B O R A T I O N A N D E N G A G E M E N T
We create the best solutions by working together.
P R O F E S S I O N A L I S M
We strive for excellence in all we do. We are accountable for our results.
H O N E S T Y A N D I N T E G R I T Y
We act truthfully, consistently and fairly.
T R U S T A N D U N I T Y
We have confidence in each other and the ability of others.
R E S P E C T
We value every individual and their unique contribution.
C O U R A G E A N D T E N A C I T Y
We never give up. We are solutions focussed.
S U S T A I N A B I L I T Y
We work to get the best results for current and future generations of South Australians.
O U R P U B L I C S E C T O R V A L U E S
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O U R C O M M I T M E N TT O Y O U
As a committed group of passionate property people, the team at Renewal SA firmly believes that we can improve the lives of South Australians, now and into the future, through transformational projects and property. Each day we are inspired to deliver on this purpose.
The delivery of our Strategic Plan 2020–2023 facilitates a new era for Renewal SA. Now, more than ever in a changing economic landscape, our leadership team is committed to driving positive change throughout the organisation. We are aligned behind our purpose and understand that we all have a role to play in attaining a high-performance culture. Our culture and values underpin everything we do and will support a reputation of integrity and competence in the market.
This plan also sets out clear, strategic priorities for our agency and will not only drive the direction of our organisation but also guide how we achieve our ambitions – through our focus on people, partnerships, pipeline and projects.
As leaders in urban development, we have an important role to play in supporting the Treasurer to achieve the commitments under the South Australian Growth Agenda. We will continue to work collaboratively with government, industry and the broader community to deliver projects that shape and influence the future and liveability of South Australia, driving social and economic growth for our State.
Our team of committed, skilled, passionate and dedicated property professionals are ready to collaborate and partner with you to facilitate the growth of our State, contribute to the transformation of South Australia and achieve outcomes of which we can all be proud.
Chris MenzChief ExecutiveRenewal SA
Renewal SA Executive team L-R: Damian De Luca, Tony Cole, Chris Menz, Todd Perry and Vy Collins
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