The Heritage Council’s Heritage Works program aims to secure the best possible financial returns through the sale or lease of heritage places, as well as the best possible long-term adaptive reuse outcomes. This is achieved in collaboration with State Government agencies and local governments. The program has a dual heritage conservation and commercial focus.
Adapting heritage buildings requires specialised skills and a singular business focus to deal with the sometimes complex issues associated with their development.
The capital for Heritage Works projects is drawn from the Heritage Revolving Fund, a long-term secure fund to manage the proceeds of heritage asset sales and/or leases. With the first projects assisted by Heritage Works now complete, the fund has become self-sufficient.
The Heritage Works program aims to:
- develop viable options for adapting disused heritage properties
- maximise financial returns for properties being disposed of by State Government agencies and local governments
- promote and attract private investment in heritage projects
- ensure heritage places have a viable productive use so that they are conserved and well-maintained into the future
- revitalise disused properties so they contribute to the social and economic well-being of our communities.
Heritage Works provides the following services:
- feasibility analysis
- conservation planning and specification
- conservation works
- financial support where required
- project management
- government heritage property disposal process support
- marketing and sales support.
Heritage Works also assists in financing property disposal projects by underwriting the cost of a disposal project, including feasibility analysis, conservation planning, pre-sale conservation, repair or decontamination works where required, marketing and real estate services. The costs are recouped from the proceeds of sale.