GIPA - Access to Information

Contract Information Class 1

Reference Number 999/004/954
Amount Payable Greater than $150,000.00
Commencing annual rent of $184,146 and increased in accordance with Annual Rent Review Schedule. On and from each Market Review Date, the rent payable shall be determined as per clause 1.2 of the Annual Rent Review Schedule.
Effective Date 25/11/2011
Completion Date 24/10/2047
Name and business address of the contractor
Anglican Church Property Trust Diocese Of Sydney - PO Box Q190 QVB Post Office NSW 1230
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred UOW is leasing property for student accommodation at the land contained in Folio Identifier 101/1101956, located at 60 Market Street Wollongong. This accommodation site will be known as 'Marketview'.
Details of any related body corporate or private sector entity who will be involved in carrying out any of the contractor’s obligations or receive a benefit.
Are there any provisions under which the amount payable may be varied? Yes
Amount Payable Variation Clauses Variations as per the Annual Rent Review Schedule
Can the contract be renegotiated? No
Did the contract involve a tender process? No
Description of any provisions under which the contractor is to receive payment for providing operational or maintenance services N/A

Contract Information Class 2

Is there a transfer of significant assets to the State? No
Is there a transfer of significant assets to the contractor? No
Has any cost-benefit analysis been undertaken by UOW? No
Was a public sector comparator used? N/A
Details N/A
Did the contractor provide a base case financial model? N/A
Details N/A
If relevant, provide details of how risk is to be apportioned between the parties. NA
Have there been any significant guarantees or undertakings between the parties? No
Other Key Elements Option to renew for a period of 10 years with a further 10 year option.