Landgate Problem and Opportunity Statement

Closing date: 11 SEPTEMBER 2020, 2.30pm

Landgate Building – 1 Midland Square, Midland WA 6056

 Problem
Landgate no longer requires the scale of the existing accommodation footprint, and the opportunity exists to optimise the future use of the building and Landgate’s future accommodation in Midland.

Opportunity
The State Government is seeking innovative solutions to optimise the future use of the Landgate Building (1 Midland Square) and Landgate’s future office accommodation within Midland.

Offers to provide alternative accommodation options for Landgate in Midland, and/or acquire the Landgate Building will be considered, in order to determine the optimal future use for the land, maximise the potential benefits to the Midland locality and deliver the best potential return and value for money to Government.

Innovative submissions are invited from industry, which may include, but are not limited to, the following scenarios:

Scenario 1 – Freehold sale of 1 Midland Square, including partial leaseback to the State totalling between 6,500 to 8,500 m2 (subject to completion of base build upgrades)

Scenario 2 – Freehold sale of 1 Midland Square, including partial leaseback to the State totalling between 11,500 to 13,500 m2 (subject to completion of base build upgrades)

Scenario 3 – Freehold sale of 1 Midland Square, subject to vacant possession.

Scenario 4 – Offer of alternative lease option to accommodate Landgate’s office requirements within Midland.

All offers and supporting commercial terms will be considered in the context of the POS objectives and POS Assessment Criteria.

What are Problem and Opportunity Statements (POS)?

• POS are a flexible mechanism released by the Minister for Finance in March 2020 within the revised Market-led Proposals (MLP) Policy.
• POS allow government to provide focussed opportunities, inviting industry to respond with innovative solutions.
• POS effectively replace Stage 1 of the MLP process and will be assessed against the criteria of the MLP Policy
• POS retain the rigour and independence of an evaluation process supported by the probity principles of the MLP Policy.

POS Assessment Criteria

POS are addressed against five criteria of the MLP Policy:

• Strategic alignment – proposals align with government policy objectives and priorities.
• Public interest – proposals have significant social, environmental, economic or financial benefits for Western Australians.
• Value for money – proposals represent value for money for Western Australians and are affordable in the context of budget priorities.
• Feasibility and capability of being delivered – proposals are feasible and the proponent has the financial and technical capacity, capability and experience to deliver the outcomes successfully.
• Risk - any financial, reputational, political, and/or security risks to government from the proposal are acceptable and there is an appropriate allocation of risk between the proponent and government.

Contact Details

The State Government has third parties acting on their behalf, any specific questions relating to the overall POS process are to be directed to the Department of Finance.

For enquiries relating to the sale of the land, and specifically Scenario 3, please contact;

Sales Agent
Colliers International
Shane Isaac (Executive Investment Services)
Direct +61 8 9261 6658 Mobile +61 434 659 911
Shane.Isaacs@colliers.com

Colliers International
Ian Mickle (Director)
Direct +61 8 9261 6628 Mobile +61 434 659 800
Ian.Mickle@colliers.com

For enquiries relating to leaseback opportunities or the Building Performance Brief under Scenarios 1 and 2, please contact;

Tenant Advisor
Acumen Corporate Property
Mario Macri
0409 624 353
mario@acumencp.com.au

For questions in relation to the POS process, please contact

Market-led Proposals Secretariat
Justin van Didden
Market-led Proposals
justin.vandidden@finance.wa.gov.au

Available on request

Existing Leases – Head Lease, Sub Lease and Sub-Sub Lease

Submission Instructions

POS submissions to be lodged via Tenders WA

Closing date:  11 SEPTEMBER 2020, 2.30pm (AWST)