Burswood development

BURSWOOD and Mirvac Fini announced the signing of a joint venture agreement this week for the redevelopment of the former Swan Portland site adjacent to the Burswood International Resort Casino. The 19.1-hectare site overlooking the golf course and the CBD is proposed for a $700 million integrated community composed of more than 1,000 dwellings. It’s understood Mirvac Fini will pay $26 million to acquire a 50 per cent interest in the company that owns the site, BL Developments.

The development is touted as the single biggest residential development ever undertaken by a single developer in WA, and will create a new riverside suburb in close proximity to the CBD.