The State Government of W.A. have received a private sector redevelopment proposal for the 1.9 hectares of land between the Perth and McIver Stations.
The proposal features two towers (36 & 75 levels) designed by Woods Bagot on 1.9 hectares of land above the train line. Other facilities will include an international convention centre, apartments and restaurants. Additionally this land could potentially be amalgamated with the neighbouring old “mega mart” site at 50 Beaufort St, which Mr Nahl purchased for $50 million in march of 2016.
The bid is backed by Jordanian business man Ghazi Abu Nahl who’s companies manage a portfolio of over $4.8 billion in assets.
“World Trade Centre Perth is proposing a development that will involve an iconic architectural design to showcase Western Australian capabilities and commercial opportunities, connecting Perth to 327 World Trade Centre locations around the globe,” said WA premier Colin Barnett.
“The Government was attracted by the new proposal because of the innovative way the railway land would be developed.
“This was not seen by Government as a site that could be developed. It was just seen as part of the rail system,” he said.
The project now faces more government financial and procedural assessments to move towards stage 2.
Interesting points on unsolicited bids to the State Government of W.A.
An unsolicited bid is a market-led proposal put to Government by the private sector which has not been formally requested by the Government
The focus of unsolicited bids is the purchase or lease of State-owned land (i.e. land or land and buildings) for a specific development
The guideline is available at http://www.lands.wa.gov.au/landsales
Location: 50 Beaufort St, Perth WA 6000
Developer: Nest Investments Holdings Ltd
Development: Twin towers + convention facilities, apartments and restaurant.
