❓ Mr Sutherland asks about the redevelopment of the Old Treasury Buildings, focusing on its role in city revitalisation, government ownership, and financial arrangements. Mr Marmion details the collaboration, lease agreement, and costs, highlighting the benefits to the state.
AnsweredQoN 587Legislative Assembly
QuestionView source ↗
OLD TREASURY BUILDINGS — REDEVELOPMENT
I was pleased today to note that in keeping with the government’s commitment to build the state and make decisions, the Liberal–National government has announced the redevelopment of the old Treasury buildings. Can the minister please inform the house of the following — (a) what role the redevelopment of this building will play in the revitalisation of the city; (b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION
I was pleased today to note that in keeping with the government’s commitment to build the state and make decisions, the Liberal–National government has announced the redevelopment of the old Treasury buildings. Can the minister please inform the house of the following — (a) what role the redevelopment of this building will play in the revitalisation of the city; (b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION
AnswerView source ↗
I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(a) what role the redevelopment of this building will play in the revitalisation of the city; (b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(a) what role the redevelopment of this building will play in the revitalisation of the city; (b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(b) whether the government will be retaining ownership of the buildings; and (c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
(c) the financial arrangements, if any, with third parties relating to the redevelopment? Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION replied: I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
I thank the member for Mount Lawley for the question. I know that because of his former role as the deputy mayor of the City of Perth, he has a strong interest in this matter. This redevelopment is a collaboration between the government and the City of Perth, and other developers. So it is with great pleasure that today I announced a vision for the St George’s Cathedral precinct for the centre of Perth. I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
I understand that the old Treasury buildings were first constructed in 1870 and have housed a number of departmental bodies over the years. In fact, I am advised that the Ord River stage 1 was agreed to in the then Premier’s office in these buildings. I am sure everyone in this place recognises the important heritage value of these buildings and the need for the state to protect and revitalise this area. This development is long overdue. Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr R.H. Cook : Is this not your media release? Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : No. Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Successive governments have for many years debated the future of the old Treasury buildings. Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : I recall that this goes back to the time of Richard Court. I worked with Richard Court, and it was one of his projects to get this going. It did not quite get there. It went through the Gallop government and the Carpenter government. I am looking at the former Minister for Housing and Works, the member for Armadale, who also had an involvement — Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Oops! The member for Midland. Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Can I get back to the question? Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Several members interjected. The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
The SPEAKER : We all like question time. I know that. The minister. Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Thank you, Mr Speaker. Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Members might like to know what the terms of the arrangements are. The commercial terms with the developers, Mirvac and Cbus, are in the final stages of negotiation. The vision involves the redevelopment of the old Treasury buildings. That includes 29 000 square metres of a new office tower. The actual old buildings will be refurbished and developed into a hotel. This will be the first six-star Amanresorts hotel in Australia, and the first six-star hotel in Perth. It also involves the demolition of the Law Chambers building to enable the development of a new city library. That will open up the facade of the old Land Titles Office. Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr J.N. Hyde interjected. The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
The SPEAKER : Member for Perth, I formally call you for the first time. If you want to ask a question of the minister, do it in the appropriate manner in this place. I formally call you to order for the first time. Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Mr W.R. MARMION : Thank you, Mr Speaker. I will get to that, member for Perth. We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
We will also be fully refurbishing the existing Public Trustee building. That will deliver 8 000 square metres of office facility. We will be redoing the underground car park and creating a civic space. Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
Specifically with regard to the old Treasury buildings, which are part of the precinct, the state has agreed to enter into a 99-year lease with the developers, with no upfront capital cost. Under the commercial terms of the agreement, we will be paying a premium rent on the co-located office towers. The premium will cost $102 million. In return, the buildings are refurbished and the state retains ownership over the long term. The alternative plan of just refurbishing the buildings would have cost $120 million. In taking this approach, the state has saved money and it has got a better outcome. The total cost of the whole St George’s Cathedral precinct over the next 25 years is $584 million. For this we get a government lease over an office tower for 25 years, a lease over the Public Trustee building for 15 years; fit-out for government accommodation and the refurbishment of the old Treasury buildings. The cost to the state under this approach is only marginally greater than the cost of an equivalent publicly funded development and alternative lease arrangement. For this very minimal increase in price—members, I do mean minimal!—the state and the people of Western Australia will get more open space and better access between St Georges Terrace and Hay Street, a six-star hotel in the centre of Perth, public access to retail space on the ground floor and government accommodation in the heart of the central business district. This reinforces the state’s commitment to government accommodation in Western Australia in one of the precincts referred to in our report on government office accommodation. This is one of the government’s platforms—this 37 000 square metres of office space will become the legal precinct of Western Australia. These buildings have been sitting vacant for 17 years. The government has got on with it and finally this project will start. Construction should start next year and be completed over three years.
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