Ms. Saffioti questions the Minister for Planning regarding the valuation of the East Perth Power Station site and the number of unsolicited proposals received. The Minister declines to provide the MRA's market valuation, citing commercial sensitivity, and states that several inquiries were received but formal consideration occurred through an EOI process.

AnsweredQoN 556Legislative Assembly
Asked
25 June 2015
Portfolio
Planning

QuestionView source ↗

EAST PERTH
POWER STATION SITE — VALUATION
556. Ms R. SAFFIOTI to the
Minister for Planning:
I ask a supplementary question. I refer to the second part of
my question, which stated: how many unsolicited proposals were received in
relation to this site? Again, I ask: will the minister provide the valuation of
the site?

AnswerView source ↗

As I said, the Valuer-General's valuation is
available from Landgate. That is fairly readily available. The advice I have
from the MRA is that while the MRA acknowledges that Landgate determines
current land valuations and makes these available to the public for a small
fee, and they are therefore not confidential, the MRA's market
valuations for the East Perth power station site have been obtained from
property valuation providers and, as I said, they are commercially sensitive
and not available to the public. It is standard commercial practice for the MRA
to gather market valuations and it is part of its decision-making process. The
valuations that are undertaken by the Valuer-General do not necessarily take
into account the constraints on the site and may differ quite markedly from the
commercial reality.
Mr B.S. Wyatt :
What is it? Say it!
Mr J.H.D. DAY : The
member should go to Landgate and he will find out. It does not necessarily
relate to the actual current —
Mr B.S. Wyatt interjected.
The SPEAKER :
Member for Victoria Park, I call you to order for the first time. Minister, a
quick, short answer.
Ms R. Saffioti interjected.
The SPEAKER :
Member for West Swan, I call you to order for the third time.
Mr J.H.D. DAY : In
relation to unsolicited bids, there have been a number of inquiries over the
past few years from people interested in undertaking a development on the East
Perth power station site. Those never got to any formal consideration. We put
in place an expression of interest process and everybody who was interested had
the opportunity to submit an expression of interest. Those expressions of
interest are currently being evaluated.

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