❓ A Western Australian parliamentary Question on Notice regarding the sale of the government's half share of Central Park in 2005. The questions cover the buyer, sale price, rental return, initial costs, and completion date.
AnsweredQoN 435Legislative Council
QuestionView source ↗
SALE OF CENTRAL PARK
I refer the minister to the recent sale of the second half of Central Park, which was still in government ownership. (1) Who was the buyer? (2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST
I refer the minister to the recent sale of the second half of Central Park, which was still in government ownership. (1) Who was the buyer? (2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST
AnswerView source ↗
I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(1) Who was the buyer? (2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(1) Who was the buyer? (2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(2) What was the sale price? (3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(3) What was the annualised gross rental return on the government’s half share of the building prior to the sale? (4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(4) What was the initial total cost of Central Park, including land purchases, before any write-downs? (5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(5) When was the building completed and available for leasing? Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
Hon KATE DOUST replied: I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
I thank the member for some notice of this question. (1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(1) The contracted purchaser is APF Management Pty Ltd as trustee for the Central Park Landholding Trust. (2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(2) The sale price cannot be disclosed as it is commercial in confidence prior to settlement. (3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(3) The annualised gross rental return at May 2005 was approximately 5.8 per cent. (4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(4) At 30 June 1993, the development cost for Central Park, including the cost of land purchases, construction and joint venture car park developments, was $359 408 887 - I am sorry; I do not have my glasses with me today - with a future capital development commitment of $627 000. (5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
(5) The building was completed in early 1993. Part of the building was available to lease from June 1992.
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