Heritage Works revitalises vacant and underutilised publicly-owned heritage places through conservation, adaptive reuse and transitioning places to new ownership.
We aim to secure the best possible financial returns through the sale or lease of heritage places, as well as the best possible long-term adaptive reuse outcomes. We achieve this in collaboration with State Government agencies and local governments.
We have a dual heritage conservation and commercial focus.
Adapting heritage buildings requires specialised skills and a singular business focus to deal with the sometimes complex issues associated with their development.
The capital for Heritage Works projects is drawn from the Heritage Revolving Fund, a long-term secure fund to manage the proceeds of heritage asset sales and/or leases. The State Government has allocated initial funding of $4million over two years to the fund, with the ultimate aim of it becoming financially self-sufficient.
The Warders' Cottages in Henderson Street, Fremantle is a priority project and has been allocated $2million over two years from the fund. Read more about the Warders' Cottages.
Heritage Works objectives:
• Develop viable options for adapting disused heritage properties
• Maximise financial returns for properties being disposed of by State Government agencies and local governments
• Promote and attract private investment in heritage projects
• Ensure heritage places have a viable productive use so that they are conserved and well-maintained into the future
• Revitalise disused properties so they contribute to the social and economic well-being of our communities.
Building on heritage value
Optimising the market value of a heritage property requires judgement, market intelligence, good understanding of the building and its conservation values, and an awareness of the challenges and the potential for adaptive reuse.
The Heritage Council and the State Heritage Office have worked with owners and agencies over the past 20 years in reviewing and advising on adaptive reuse of heritage buildings.
This collaborative approach has contributed to heritage buildings being successfully adapted into accommodation, bars, restaurants, art galleries, retail outlets, commercial premises and other contemporary uses.
Heritage Works services:
• Feasibility analysis
• Conservation planning and specification
• Conservation works
• Financial support where required
• Project management
• Government Heritage Property Disposal Process support
• Marketing and sales support
Financing disposal projects
Heritage Works can underwrite the cost of a disposal project, including feasibility analysis, conservation planning, pre-sale conservation, repair or decontamination works where required, marketing and real estate services. The costs are recouped from the proceeds of sale.
Working within the State Government asset disposal framework
Heritage Works operates within the existing framework of the Property Asset Clearing House; the Asset Disposal Policy; and the Land Administration Act.
The State Heritage Office liaises closely with the Department of Lands in identifying surplus property. In some cases, Cabinet approval will be required for project finance or the arrangements for distribution of sale proceeds. Heritage Works will undertake this task.
Contact Heritage Works
For more information, contact Mike Betham on 6552 4112 or email email@example.com
Heritage Works projects:
No. 2 Substation, 331 Murray St, Perth ||Feasibility Study ||Western Power ||Completed |
|Warders' Cottages, Henderson St, Fremantle ||Feasibility Study, |
|Department of Housing ||In progress |
|Exchange Hotel, George St, Pinjarra ||Feasibility Study ||Shire of Murray ||Completed |