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AUSTRALIAN JOCKEY CLUB
                                                                               WARWICK FARM CASE STUDY

                                                                               Project Title:      Business and Facility Development Plan

                                                                               Client:             Australian Jockey Club (AJC)



                                                                               Project Description

                                                                               ISFM Australasia was engaged by the AJC in August 2010 to
                                                                               complete a business and facility development plan to guide the
                                                                               future development of Warwick Farm Racecourse.
The finishing post
                                                                               A key objective of the study was to identify areas of opportunity
                                                                               which might individually, or collectively, work towards improving
                                                                               the clubs overall business from both a facility and operational
                                                                               perspective. The following areas of opportunity underpinned the
                                                                               scope of ISFM’s work:

                                                                                         −        Developing additional business units, activities
                                                                                                  and opportunities which support the Club’s
                                                                                                  existing business, and at the same time in-
                                                                                                  crease revenues and net returns
                                                                                         −        Increasing use of existing club facilities and
                                                                                                  general infrastructure
                                                                                         −        Improving the efficiency of operations, in both
                                                                                                  day-to-day and event mode
                                                                                         −        Maximising business opportunities through
                                                                                                  closer community and corporate relationships
                                                                                                  and partnerships

                                                                               With an objective to maximise income from non raceday activities,
                                                                               ISFM undertook a detailed market research program which identi-
                                                                               fied a number of business opportunities that will enable Warwick
                                                                               Farm Racecourse to operate 7 days a week and create a valuable
                                                                               community asset for the ever-growing population of greater west-
                                                                               ern Sydney.
   Aerial view—Warwick Farm Racecourse
                                                                               The final plan submitted to the AJC recommended that a number
                                                                               of business opportunities be further explored (including, but not
                                                                               limited to, the development of accommodation offerings, a licenced
                                                                               club facility, quality food and beverage outlets and an outdoor
                                                                               amphitheatre) to create a sustainable business unit to complement
                                                                               the Club’s existing training and racing operations.


                                                                               Services
                                                                                              −         Market Analysis
                                                                                              −         Financial Planning and Feasibility
                                                                                              −         Facility Masterplanning
                                                                                              −         Strategic Business Planning
                                                                                              −         Site Planning
                                                                                              −         Industry and Government Consultation
                                                                                              −         Operational Analysis

                                                                               Outcomes

                                                                               The results of the works to date have delivered the following
                                                                               outcomes for the AJC:

                                                                                              −       Creation of a site and facility masterplan for
  The existing Macquarie Stand                                                                        the long-term development of the race-
                                                                                                      course
                                                                                              −       Creation of a more attractive racing sched-
                                                                                                      ule for the racecourse
                                                                                              −       A sound direction for the AJC to proceed
                                                                                              −       Development of key community and stake-
                                                                                                      holder relationships for the future benefit of
                                                                                                      the racecourse




                                                          ISFM | AUSTRALASIA
     Level 3, Members’ Stand, Edwin Flack Ave, Sydney Olympic Park, 2127 | www.isfm.com.au | P: +61 2 8765 2002 | E: info@isfm.com.au

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Warwick Farm Racecourse Business and Facility Development Plan

  • 1. AUSTRALIAN JOCKEY CLUB WARWICK FARM CASE STUDY Project Title: Business and Facility Development Plan Client: Australian Jockey Club (AJC) Project Description ISFM Australasia was engaged by the AJC in August 2010 to complete a business and facility development plan to guide the future development of Warwick Farm Racecourse. The finishing post A key objective of the study was to identify areas of opportunity which might individually, or collectively, work towards improving the clubs overall business from both a facility and operational perspective. The following areas of opportunity underpinned the scope of ISFM’s work: − Developing additional business units, activities and opportunities which support the Club’s existing business, and at the same time in- crease revenues and net returns − Increasing use of existing club facilities and general infrastructure − Improving the efficiency of operations, in both day-to-day and event mode − Maximising business opportunities through closer community and corporate relationships and partnerships With an objective to maximise income from non raceday activities, ISFM undertook a detailed market research program which identi- fied a number of business opportunities that will enable Warwick Farm Racecourse to operate 7 days a week and create a valuable community asset for the ever-growing population of greater west- ern Sydney. Aerial view—Warwick Farm Racecourse The final plan submitted to the AJC recommended that a number of business opportunities be further explored (including, but not limited to, the development of accommodation offerings, a licenced club facility, quality food and beverage outlets and an outdoor amphitheatre) to create a sustainable business unit to complement the Club’s existing training and racing operations. Services − Market Analysis − Financial Planning and Feasibility − Facility Masterplanning − Strategic Business Planning − Site Planning − Industry and Government Consultation − Operational Analysis Outcomes The results of the works to date have delivered the following outcomes for the AJC: − Creation of a site and facility masterplan for The existing Macquarie Stand the long-term development of the race- course − Creation of a more attractive racing sched- ule for the racecourse − A sound direction for the AJC to proceed − Development of key community and stake- holder relationships for the future benefit of the racecourse ISFM | AUSTRALASIA Level 3, Members’ Stand, Edwin Flack Ave, Sydney Olympic Park, 2127 | www.isfm.com.au | P: +61 2 8765 2002 | E: info@isfm.com.au