Landgate transaction delivers for Western Australia
Tuesday 10 September 2019
Treasurer and Lands Minister Ben Wyatt today announced the appointment of Land Services WA as the Service Provider for the Landgate Partial Commercialisation.
Land Services WA is a consortium comprising Macquarie Infrastructure and Real Assets, and Australian industry superannuation funds Sunsuper and HESTA.
Once operational, Land Services WA will deliver, improve and maintain Landgate's automated titling services. These services include the processing of property transactions and searches of the title register.
The appointment has realised $1.41 billion in upfront proceeds, as well as ongoing revenue for the State.
Read the media statement.