❓ A parliamentary question regarding the sale of two development lots in Karratha to Finbar Group Limited, seeking details about pricing and the sale process. The answer provides information on the EOI process and the final sale price.
AnsweredQoN 231Legislative Council
QuestionView source ↗
FINBAR GROUP LIMITED — KARRATHA DEVELOPMENT
LOTS
231. Hon STEPHEN DAWSON to the
parliamentary secretary representing the Minister for Lands:
I refer to the 25 March 2010 media release from the Premier
and former Minister for Lands announcing the sale of two development lots in
Karratha to Finbar Group Limited.
(1) What was
the market price for these lots at the time of the announcement?
(2) What was the
asking price for each lot?
(3) Were the lots
sold by an agent; and, if so, which agent?
(4) What did
Finbar Group pay for each lot?
LOTS
231. Hon STEPHEN DAWSON to the
parliamentary secretary representing the Minister for Lands:
I refer to the 25 March 2010 media release from the Premier
and former Minister for Lands announcing the sale of two development lots in
Karratha to Finbar Group Limited.
(1) What was
the market price for these lots at the time of the announcement?
(2) What was the
asking price for each lot?
(3) Were the lots
sold by an agent; and, if so, which agent?
(4) What did
Finbar Group pay for each lot?
AnswerView source ↗
(1)–(2)
The land was released via an expression-of-interest process. Proponents'
submissions were assessed against value for money, which included a cash offer
along with other non-financial criteria.
(3) Lots were
sold direct by LandCorp.
(4) Finbar paid
$7.04 million for both lots.
The land was released via an expression-of-interest process. Proponents'
submissions were assessed against value for money, which included a cash offer
along with other non-financial criteria.
(3) Lots were
sold direct by LandCorp.
(4) Finbar paid
$7.04 million for both lots.
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