The State Government has paved the way for a significant redevelopment of ANZAC House following the gifting of the land on which it sits to the Returned & Services League (RSL) of Australia WA Branch.
Premier Colin Barnett said the land transfer of the Perth CBD site from the State to the RSL was an appropriate gesture in this year of the Anzac centenary.
"The transfer of the land will potentially allow the RSL to redevelop ANZAC House into a purpose-built headquarters that meets its current needs and business model," Mr Barnett said.
Veterans Minister Joe Francis said it was proposed the land was transferred under conditional freehold, which would see the property revert back to the State if conditions were not met.
"The RSL has proposed a redevelopment that includes a new headquarters, a multi-storey three to four-star hotel, a cafe, retail facilities, and office and function space that would be made available to lease," Mr Francis said.
"Prior to a formal handover, the RSL will need to present to the Government a detailed business plan and undertake appropriate planning and consultation with relevant stakeholders."
The RSL estimates the total cost of its proposed redevelopment would be around $55 million.
A redeveloped ANZAC House would also provide the RSL with the opportunity to assist smaller ex-service organisations to co-locate their operations.
In 1976 the ANZAC House site was transferred from the RSL to the State in exchange for the State building the RSL a new headquarters and allowing ongoing residence for a peppercorn rent
The current ANZAC House, at 28 St Georges Terrace, Perth, was opened in 1981
Premier's office - 6552 5000
Veterans Minister's office - 6552 6500