A parliamentary question regarding the WA government's involvement in Finbar Group's Port Hedland hospital proposal, specifically concerning apartment purchases, leases, pre-sale requirements, and other conditions for land purchase.

AnsweredQoN 3412Legislative Council
Asked
16 September 2015
Portfolio
Lands

QuestionView source ↗

I refer to Finbar Group's announcement to the Australian Stock Exchange, on 5 August 2015, of its development approval for its Port Hedland hospital proposal, and I ask: (a) has the Government agreed to purchase apartments in any stages of the project: (i) if yes to (a), how many apartments; and (ii) if yes to (a), what is the cost of the purchase; (b) has the Government agreed to lease any residential apartments or commercial space as part of the negotiations: (i) if yes to (b), how many apartments; and (ii) if yes to (b), how much commercial space and for what purpose; (c) under the agreement struck between the Government and the Finbar Group, what is the level of pre-sales required for Finbar to proceed with the land purchase; and (d) are there any other conditions which must be met for the Finbar Group to proceed with the land purchase?

AnswerView source ↗

Answered
21 October 2015
Responded by
Minister for Housing representing the Minister for Lands
Response time
35 days
(a) No
(i-ii)  Not applicable
(b) No
(i-ii)  Not applicable
(c)  The level of pre-sales in Stage 1 required for Finbar to proceed with the land purchase is seventy five percent (75%).
(d) No

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