The McGowan Government today appointed Georgiou Capital Pty Ltd as the preferred proponent for the Landgate building Problem and Opportunity Statement and will now progress with detailed due-diligence and final negotiations.
The Problem and Opportunity Statement called for innovative solutions for the future of the Landgate building in Midland plus accommodation options for more than 500 public sector staff in the local area.
Under the proposal, the Landgate building, which reverts to government ownership in March 2021, will be sold to Georgiou Capital Pty Ltd with the State receiving the proceeds from the sale.
Georgiou Capital Pty Ltd will then undertake an extensive refurbishment of the asset, creating around 370 new jobs across a range of industries including construction, design and engineering, prioritising the use of local businesses, where possible.
The McGowan Government's commitment to retaining a public sector presence in the Midland region will see Landgate remain as a tenant in the building.
Following the refurbishment, the building will also be available to accommodate a range of other government and commercial tenants through an innovative co-working concept proposed by Georgiou Capital Pty Ltd.
The Landgate Problem and Opportunity Statement is part of an initiative launched under the Market-led Proposals policy, allowing government to provide focused opportunities for industry to respond with innovative solutions that stimulate the economy and create jobs for Western Australians.
As stated by Finance and Lands Minister Ben Wyatt:
"This proposal clearly demonstrates our Government's commitment to helping industry and business succeed through a clear, consistent and transparent process.
"This is a tremendous outcome with the State to receive the proceeds from the sale as well as over 500 public sector staff remaining in Midland.
"The McGowan Government is working hard to recover jobs lost during the pandemic, as well as creating thousands more through innovative proposals like this to stimulate the economy.
As stated by Midland MLA Michelle Roberts:
"This is an opportunity to reinvigorate the traditional heart of the Midland town centre.
"It highlights our Government's commitment to maintaining Landgate's presence in Midland.
"Once again, the McGowan Government is bringing employment and investment opportunities into Midland and the eastern suburbs."
