THE State Government is undertaking a major reshuffle of its property portfolio as part of an overall consolidation drive.
THE State Government is undertaking a major reshuffle of its property portfolio as part of an overall consolidation drive.
The Government is currently in advanced negotiations to lease the six-storey Allianz building, which would house its new corruption and crime watchdog, the Corruption and Crime Commission.
The bulk of the former FAI Insurances Building has been vacant for the past two years. The building is fully leased but not fully occupied by Allianz Australia Services.
If the negotiations are successful for the Government, the Corruption and Crime Commission would occupy the entire 4347 square metre building.
It is understood that the Department of Industry and Resources is considering consolidating its operations to either the Hyatt Centre in East Perth, or 1 Adelaide Terrace. An announcement on its decision is expected in the next month.
The State Government is also considering reopening a tender to redevelop Perth’s historic former Treasury Building on St Georges Terrace, which has been vacant for the past eight years.
The National Trust placed the Treasury Building on its national list of endangered places last year.
A mixed-use commercial office redevelopment is among the possible uses being considered.
It is understood that the Government has examined a range of funding models, including publicly funding the redevelopment project. The redevelopment proposal is currently before cabinet.
Department of Housing and Works commercial property branch manager Malcolm Bradshaw confirmed that the Government was examining a number of options for the future use of the building and that cabinet was considering the matter.
“The Government will consider all financial models,” he said.
If given the green light it would be the second attempt by the Government to redevelop the heritage building.
A joint-venture partnership of Fini Group and Hawaiian Investments had won preferred-tenderer status to redevelop the site into a $40 million hotel, but dropped the project after completing due diligence in 2001.
