State Administration Centre

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (2 November 2016).

The Hon. A. KOUTSANTONIS (West Torrens—Treasurer, Minister for Finance, Minister for State Development, Minister for Mineral Resources and Energy):

The preferred bidder failed to settle the purchase of the State Administration Centre (SAC) precinct in December 2016. Following the termination by the state of the contract for sale of the SAC precinct, the state decided to discontinue the sales process being managed by its agent.

The state has engaged Hames Sharley as a strategic adviser to consider and advise the state on various alternative sale options for the SAC precinct, including but not limited to potential development options.

Any decision on the future sale strategy of the SAC precinct will be made by cabinet.