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Strategic Asset Portfolio Reviews
Strategic Asset Reviews consider a range of built environment aspects and can be tailored to suit specific reporting and profiling requirements. Profiling building assets across all sites, quickly highlights which sites and individual buildings require short, medium or long term attention. This information is an essential input to the strategic master planning for individual sites moving forward and proactively accommodating future demands. Asset Portfolio Reviews and Portfolio Master Planning is an effective strategy in developing a strategic way forward on individual and integrated aged care, retirement living and community health projects.
Before any of our clients with large building asset portfolios decide to commence any significant capital works program, we recommend that they establish a current status profile of their entire building stock and asset portfolio, across all of their sites. This along with appropriate demographic and market analysis, an understanding of their model of care, and sound economical profiling, establishes a realistic foundation upon which informed decisions about the future of their sites and buildings can be made.
Recently we have facilitated and undertaken Strategic Asset Reviews and Portfolio Master Planning for three aged care providers with significant Residential Aged Care and Independent Living Unit portfolios. Refer representative portfolio profiles below:
PORTFOLIO PROFILE |
No. of Sites |
RAC BEDS |
ILU UNITS |
TOTAL |
Aged Care Provider No.1 |
10 |
919 |
309 |
1228 |
Aged Care Provider No.2 |
6 |
968 |
298 |
1266 |
Aged Care Provider No.3 |
1 |
846 |
922 |
1768 |
Strategic Asset Reviews consider a range of built environment aspects and can be tailored to suit specific reporting and profiling requirements. Asset review profiles can incorporate information such as:
- Maintenance Schedules
- Dilapidation Surveys
- Certification performance
- Building use, bed numbers, bed licences, unfunded beds
- Building age, condition and remaining useful life
- Building layout, fit-for-purpose, and adaptability
- Site area and development density
- Marketable site characteristics
- Site organization, circulation, wayfinding, and services
- Site expansion potential
- Building Succession and Decanting Schedules
Profiling building assets like this across all sites, quickly highlights which sites and individual buildings require short, medium or long term attention. This information is an essential input to the strategic master planning for individual sites moving forward and proactively accommodating future aged care, retirement living and community services demands.
Strategic Portfolio Master Planning of individual sites is the critical part of the process that weaves together all development strategic inputs and provides a framework and a direction for a wholistic future development strategy. It pictorially formulates a strategic plan of action that melds together complex considerations such as:
- Integrated aged care, retirement living and community services concepts, future trends and qualities
- Site use precincts and integrated communities
- Emerging models of care
- Operational efficiencies
- Building maintenance and replacement priorities and strategies
- Scheduling of major and minor capital works projects
- Development staging and resident decanting solutions
- Construction sequencing
- Development deliverable timeframes
- Capital cost estimates
- Market supply and demand requirements
This kind of big picture information is essential for developing relevant strategic Master Plans for each site in the asset portfolio. At the outset of design, we believe it is important to develop a masterplan that captures the essential outcomes, realistically addresses the site constraints and maximises the development potential. With a clear design brief in hand, our skilled design team establish a design specific solution for building and site layout that supports, facilitates and expresses the desired outcomes.