Saviour in the wings for historic mills?

The disused Albany Woollen Mills could be saved from decay more than 15 years after its doors closed.

The future of the Mill Street site has been uncertain since its closure in 2002, around the same time the landowner unsuccessfully requested to demolish the 75-year-old building.

In September, a City of Albany spokesman said they been unable to meet with Singapore-based landowner Noble Investments.

The Albany Advertiser now understands Noble Investments intends to redevelop the Mill Street site.

Noble Investments senior manager Nicholas Lee said the business would be looking at the land as part of a portfolio-wide review.

“We’re going through a management team restructure,” he said.

“We are going through all our heritage sites and bringing them back up to scratch.”

Mr Lee could not provide a specific date for action on the Woollen Mills.

The mills operated on Mill Street from 1925 to 2001, and at its peak produced up to 350 tonnes of wool a month.

Noble Investments director Jacky Mulani has significant real estate holdings in Australia.

He owns the Araluen Golf Course resort, in the Perth hills, and is understood to have held stakes in multi-million dollar properties across Australia.