Focused vision for LandCorp

The Western Australian Land Auth-ority (LandCorp) recently launched its new business directions for the 1999/2000 financial year.

The new focus has come about after recent amendments to the West-ern Australian Land Authority Act.

LandCorp is now focused on three core outcomes – ensuring there is sufficient industrial land to foster economic growth, maximising returns on government land and providing integrated major urban development and redevelopment.

In line with its new focus, LandCorp identified more than $180 million of non-core assets and to date has disposed of $130 million of these including an interest in the Lakeside Joondalup Shopping City for $58.5 million.