Plans to repurpose a disused power station on prime riverside real estate in East Perth have collapsed following more than two years of negotiations between the WA government and billionaires Kerry Stokes and Andrew Forrest.
In 2020, Andrew Forrest's Minderoo Group was named as a preferred proponent along with Kerry Stokes's Australian Capital Equity to turn the 109-year-old East Perth power station site into a usable precinct that would include residential, shopping and eating-out options.
