East Perth Power Station
25 September 2014

Government land sales to raise revenue

  • East Perth Power Station

Key parcels of valuable State Government land, including the East Perth Power Station site, will be put on the market under a program of property asset sales announced today by Premer Colin Barnett and Lands Minister Terry Redman.

Mr Barnett said the Government had identified 20 sites, including five hospital precincts, to be sold to help reduce the State’s debt.

Shenton Park, Kaleeya, Princess Margaret Hospital, Swan District and Woodside Maternity hospitals have all been earmarked for sale. Other large parcels of land held by the Department of Agriculture and Food and the Public Transport Authority are on the list, as well as landmark sites such as Fremantle Police Station, East Perth Power Station and land around the Cottesloe School for the Deaf.

“These pieces of land, all in the metropolitan area and from a range of portfolios, would be better transferred to private ownership to be redeveloped or restored,” the Premier said.

“The sale process will vary from one piece of land to another with some sites ready to go to market now, and others that will take more work to get ready for sale.

“We expect initial land sales to generate about $250million for the State.

“But some of these sites are unique and it is only through testing the market that we will be able to get a clear indication of their value.”

Shenton Park Hospital will be decommissioned next month with the majority of services being transferred to the new state-of-the-art Fiona Stanley Hospital.

The transfer of Kaleeya Hospital’s services will also see all obstetrics, gynaecology and neonatal services moving to Fiona Stanley Hospital; sub-acute services, such as aged care, to Fremantle Hospital; and elective surgery distributed between both hospitals.

Lands Minister Terry Redman said the potential sale of under-utilised land assets could generate high levels of revenue and contribute to reducing the State’s debt levels.

“These sites identified under the first round of land asset sales were all determined to be of surplus use to the State and we believe they will be of great interest to the private sector,” he said.

State Cabinet has also approved the establishment of a Land Asset Advisory Group to provide ongoing advice on the sale of property assets across the State.

Mr Redman said the Department of Lands was in the process of assessing all Government-owned land assets to determine levels of efficiency and use.

He said the audit would assess thousands of Government properties and he expected that within the next few months, several other Government sites would be identified as appropriate for sale.