❓ Hon Martin Pritchard asks about the timelines for development and sale of Elizabeth Quay lots, specifically lots 2, 3, 5, and 6. The Minister provides updates on the progress of negotiations and the expression of interest process.
AnsweredQoN 1277Legislative Council
QuestionView source ↗
ELIZABETH QUAY — LOTS 2, 3, 5 AND 6
1277. Hon MARTIN PRITCHARD to the
minister representing the Minister for Planning:
I refer to lots 2
and 3 and lots 5 and 6 at Elizabeth Quay.
(1) In relation
to lots 5 and 6 —
(a) when does the state government
expect construction to commence;
(b) when is the sale expected to
take place; and
(c) do the
anticipated arrangements include similar conditions and contractual milestones
for other land sales at the inlet if the mixed-use development does not take
place in a timely manner?
(2) In relation
to lots 2 and 3 —
(a) how many
expressions of interest were received by today's 10.00 am expressions
of interest closure; and
(b) if the
deadline for expressions of interest has been extended, what is the new closure
date?
1277. Hon MARTIN PRITCHARD to the
minister representing the Minister for Planning:
I refer to lots 2
and 3 and lots 5 and 6 at Elizabeth Quay.
(1) In relation
to lots 5 and 6 —
(a) when does the state government
expect construction to commence;
(b) when is the sale expected to
take place; and
(c) do the
anticipated arrangements include similar conditions and contractual milestones
for other land sales at the inlet if the mixed-use development does not take
place in a timely manner?
(2) In relation
to lots 2 and 3 —
(a) how many
expressions of interest were received by today's 10.00 am expressions
of interest closure; and
(b) if the
deadline for expressions of interest has been extended, what is the new closure
date?
AnswerView source ↗
I thank the
member for some notice of this question.
(1) (a)–(b)
Brookfield Properties was selected as the preferred proponent for lots 5 and 6
and has entered into an exclusive working period with the Metropolitan
Redevelopment Authority, which ends on 13 June 2016. Upon completion of this
period, negotiations are expected to culminate in a project development
agreement that will set out contractual milestones such as construction and
settlement/sale dates.
(c) Yes.
(2) (a) The
expression of interest process is subject to probity and assurance protocols.
Following compliance assessment, the MRA will be in a position to advise on the
submissions.
(b) The
deadline for expressions of interest was not extended.
member for some notice of this question.
(1) (a)–(b)
Brookfield Properties was selected as the preferred proponent for lots 5 and 6
and has entered into an exclusive working period with the Metropolitan
Redevelopment Authority, which ends on 13 June 2016. Upon completion of this
period, negotiations are expected to culminate in a project development
agreement that will set out contractual milestones such as construction and
settlement/sale dates.
(c) Yes.
(2) (a) The
expression of interest process is subject to probity and assurance protocols.
Following compliance assessment, the MRA will be in a position to advise on the
submissions.
(b) The
deadline for expressions of interest was not extended.
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