A commercial advisor has been appointed to assist with the scoping study to identify options for Landgate’s future.
The appointment of Investec follows a Request for Quotation process initiated after the scoping study announcement in December 2017.
Investec has a demonstrated track record in the land registry sector, acting as the advisor to the South Australian Government for the 2017 Land Services transaction which outsourced its operations for land titling and valuations.
As previously announced, the scoping study will identify the options available to the Government to realise value from the operations of Landgate and its assets.
Investec will consider similar transactions to inform options for financial and commercial analysis. The final report is due to the Government by mid-2018.
The best interests of the State remain the paramount consideration of the scoping study, with objectives of the scoping study including the preservation of the existing legal protections of the Torrens title system, and protection of data privacy.
Landgate provides the State’s land administration system, land valuation services and authoritative location information. It has operated as an independent statutory authority since it was established in 2007.