NSW Land and Property Information - Land Titles Office




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
NSW Land and Property Information - Land Titles Office
STATUS

Prospective pipeline

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.

Credibly proposed

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.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

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.

Recently closed

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:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Recently closed
VALUE: $2.6bn AUD
SECTOR: Other
JURISDICTION: NSW
TYPE: Brownfield

New South Wales Land and Property Information (LPI), through its Titling and Registry Services (TRS) division, manages a registry of secure information relating to ownership details, land boundaries and any encumbrances on a property.

Following a comprehensive scoping study, the New South Wales Government announced in May 2016 that it would outsource the titling and registry functions of LPI - on a 35 year concession.

In February 2017 the NSW Government, under the new leadership of Gladys Berejiklian, committed to proceed with the transaction. The Government also reiterated its support to the asset recycling programme to fund infrastructure projects across NSW.

In April 2017, the NSW Government announced that the Australian Registry Investments consortium had won the lease for $2.6 billion. The consortium comprises of Hastings Funds Management, First State Super and the Royal Bank of Scotland.

The valuation services and spatial mapping divisions of LPI were not included in the transaction. Further, a newly created regulator will monitor and enforce the new operator’s performance in respect to defined service levels.



Last updated: 04/12/2017

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