Discounted price for land at Elizabeth Quay
30 Sep 2014 - Questions have been raised over the sale of lot 9 and 10 at Elizabeth Quay..
Sites 9 and 10 at Elizabeth Quay have been sold as one package for $25million plus a percentage of the residential apartment sales. Based on earlier sales this land could have been expected to sell for double that amount.
As evidence they pointed to the recent sale of land to Chevron.
Combined, the two lots are just over 6800sqm - the same as a nearby parcel energy giant Chevron paid $64 million for a Perth record $9418/sqm in November. At that rate, the 3438sqm hotel site would have fetched $32.4 million and the 3389sqm apartment site $31.9 million. West Australian 28/3/14