Prime Ground Lease Opportunity
The City is seeking proposals to ground lease and redevelop this strategic property holding and within the Riseley Activity Centre.
This Request for Proposal (RFP) seeks proposals from suitably qualified proponents for the redevelopment of 788-794 Canning Highway, Applecross, being a large site situated within the Riseley Activity Centre Structure Plan. The City is offering proponents a long term ground lease opportunity involving the proponent redeveloping the site by adopting innovation in respect of design; and financial models that are consistent with the City’s objectives for the precinct and site.
Submissions have closed on Wednesday 9 October 2019.
In accordance with the City’s Council Policy 005 – Land and Property Retention, Disposal and Acquisition, the City identified a number of significant and strategic landholdings, including this strategic Applecross site which comprises a near rectangular mixed-use development site of 4,917m2 within the Riseley Activity Centre.
On 10 December 2013, Council approved the Request for Proposal (RFP) disposition process, as defined by the Local Government Act 1995, as a means of identification of development opportunities for such strategic properties.
The City has undertaken an assessment of potential development options which supports the implementation of this RFP process for this particular site.