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Development Victoria
Development Victoria is a Government Body that generates the majority of its income from the Industrial and Other Property Operators industry. In 2022 the company generated total revenue of $212,921,000 including sales and other revenue. In 2022 Development Victoria had 237 employees including employees from all subsidiaries under the company's control. The Chief Executive of Development Victoria is Ms Angela Skandarajah whose official title is Chief Executive Officer. The Chairman of Development Victoria is Ms Megan Haas whose official title is Chairperson. Development Victoria is engaged in urban renewal projects on behalf of the Victorian Government and the facilitation of major projects on surplus government land. Surplus land that is slated for development is either directly controlled by the State of Victoria, its government agencies or local councils. Projects are divided into two categories: Civic Infrastructure & Urban Renewal - Concerned with the development or redevelopment of land and buildings for use by the local community. Noteworthy projects include the renovation of Flinders Street Station, the Palais Theatre and the development of Docklands. Residential Property Development - Engaged in the development of residential estates on excess land as owned by the state or other government entities.
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What's included in this industry analysis
IBISWorld's research coverage on the Development Victoria includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
Development Victoria, trading as Development Victoria, operates under the ABN 61 868 774 623 and was incorporated on 01 August 2003. Development Victoria primarily operates in the Industrial and Other Property Operators industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within Development Victoria, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents Development Victoria’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which Development Victoria operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of Development Victoria’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of Development Victoria, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by Development Victoria. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of Development Victoria’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is Development Victoria?
Development Victoria is engaged in urban renewal projects on behalf of the Victorian Government and the facilitation of major projects on surplus government land. Surplus land that is slated for development is either directly controlled by the State of Victoria, its government agencies or local councils. Projects are divided into two categories: Civic Infrastructure & Urban Renewal - Concerned with the development or redevelopment of land and buildings for use by the local community. Noteworthy projects include the renovation of Flinders Street Station, the Palais Theatre and the development of Docklands. Residential Property Development - Engaged in the development of residential estates on excess land as owned by the state or other government entities.
What industry does Development Victoria operate in?
Development Victoria, trading as Development Victoria, is a Private Company that generates the majority of its income from the Industrial and Other Property Operators industry in Australia.
Where is Development Victoria located?
Murray Cod Australia Limited company is based at 8 Exhibition Street, Melbourne, Victoria, Australia.
Who is the CEO of Development Victoria?
The Chief Executive Officer of Development Victoria is Megan Haas and the Chief Executive Officer is Angela Skandarajah.
What was Development Victoria’s revenue in 2025?
In 2025, Development Victoria generated total revenue of approximately $212.9 million.
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