State assets for sale

The State Government is to sell local assets to raise revenue.
The State Government is to sell local assets to raise revenue.

Premier Colin Barnett announced last Thursday that the Government would look to sell 20 land assets, including North Lake’s Industrial Foundation for Accident Prevention (IFAP) site, the Potato Marketing Corporation Headquarters in North Coogee, the old Fremantle Police Station, East Fremantle’s Kaleeya Hospital and Woodside Hospital.

Comprising almost nine hectares of land, Mr Barnett said the sale was needed to try to reduce the State’s debt.

‘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,’ he 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.

‘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.’