During 2007–08 we sold 20 surplus Crown properties through the Major Sales Program, including two high-value office buildings and two high-value parcels of Crown land, for a return to the Government of $23.3 million. Property sold through the Major Sales Program is surplus Crown land from inner-Budget agencies. The sales generate additional revenue for the Government.
Also in 2007-08 significant office-works projects were completed on the Government-owned office portfolio, as well as all statutory maintenance programs associated with the portfolio.
We will continue to assemble the property sales program which will include one high-value former Hobart Ports property on the Hobart waterfront; two Government office buildings; and other land identified as surplus to the Government's requirements.
Through the Statutory Maintenance and Office Works Program we will continue to ensure that safe and appropriate office accommodation is provided in the Treasury office portfolio.
The divestment process for the parliament square site commenced during 2007–08. The first stage of a formal three-stage tender process — Developer "Registration of Interest" — was launched on 23 April 2008 and closed on 23 May 2008. The assessment of submissions has been completed with a short list of developers invited to proceed to the "Expression of Interest" stage. Community exhibitions and stakeholder-consultation sessions have been held in support of the divestment process and these will conclude in July 2008.
In 2008–09, the divestment of parliament square will progress with the release of the "Expression of Interest" stage in July 2008. During this stage, developers' competencies will be assessed against clearly stated project objectives and design principles. It is expected that this stage will be completed by late 2008.
The third and final stage of the tender process — "Request for Tender" — will require developers to submit a formal bid and a design concept for the site. It is expected that this stage will be completed by mid-2009 with the identification of a preferred developer with whom the Government will negotiate a sales contract for the site.
The Major Sales Program Oversight Committee administers the Property Disposal Program, which is an ongoing process to dispose of non-strategic surplus Government real property. The Committee is responsible for identifying potential surplus property, developing an annual Government property sales program and forward estimates, and monitoring the progress of the program.
The members of the Committee are the Secretary of the Department of Treasury and Finance and the Secretary of the Department of Primary Industries and Water. The Committee is assisted by a working group whose members are the Director Budget Management, the Director and Assistant Director Procurement and Property, and the Manager Property Projects.
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