George Cash

George Cash

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    Offer of two further joint venture options to private sector planned

    26/04/1996 12:00 AM
     

    26/4/96

     

    Lands Minister George Cash today announced LandCorp's intention to offer two further joint venture opportunities to the private sector.

     

    Mr Cash said he expected details of the two joint ventures - one in the State's North-West and the other located in the south-west region of the metropolitan area - to be made by LandCorp next month.

     

    LandCorp, the State Government's land development arm, is currently involved in five joint venture developments located at Leda, Clarkson, Thornlie, Duncraig, Port Kennedy and a further development is being finalised at Landsdale.

     

    LandCorp has made a commitment to identify opportunities to involve the private sector when acquiring land.

     

    Mr Cash said the two additional joint ventures would bring the total to four opportunities that LandCorp had offered to the private sector in the past 12 months.

     

    In November last year LandCorp called for a registration of interest from companies wishing to participate in joint ventures on residential development projects in the Perth metropolitan area - 18 registrations of interest were received.

     

    Mr Cash said any other group wishing to be considered for future joint ventures such as those proposed for the north-west and south-west metropolitan region, should make immediate contact with LandCorp.

     

    "It is very encouraging to see the increase in the number of joint ventures that LandCorp is entering into because it facilitates a co-operative approach in land development between the public and private sector," he said.

     

    "These joint ventures provide the opportunity for private industry to become involved in the development of LandCorp-owned land.

     

    "Joint ventures also ensure that the valuable roles of both the public and private sectors in land development complement each other."

     

    Media Contact: Mark Thompson 222 9595