Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
Landgate is a statutory authority in WA providing land information services including titles registry functions, property details, valuations, property sales reports and geospatial information. It holds 1.4 million titles on its register and over FY2016/17, processed 1.45 million title searches and 1.96 million valuations. As a statutory authority, Landgate is managed by a board and is accountable to the Minister for Lands for the delivery of its services.
Since 2014, Landgate has implemented a business improvement programme including the development of a cloud-based land registry system which automates transactions and supports e-conveyancing – the electronic processing of land documents. In 2015, it established a subsidiary company, Advara, which provides IT services to Landgate and seeks commercial opportunities for its new land registry platform. Landgate currently owns 77.78 per cent of Advarra with the remainder owned by Adecco.
Since June 2017, Advara has been providing specialist technology consulting services to Australian Registry Investments to enable it to operate the NSW land title registration system, land and property information services.
The WA Government announced on 20 December 2017, that it had approved an investigation assessing options for commercialising some or all of Landgate’s operations. The WA Government announced in February 2018 that it had appointed Investec to undertake the scoping study, following a request for Quotation process. Investec previously advised the SA Government on the Land Services transaction in 2017.
The study will address the need to preserve the legal protections of the Torrens title system and protect the confidentiality of data. The final report is due to the Government by mid-2018.
As at June 2017, Landgate had assets totalling $266 million, and saw $164 million in revenue and $26 million in profit over FY2016/17.
Last reviewed: 06/02/2018