31/10/2018 - 14:02

Development-ready land released across WA

31/10/2018 - 14:02

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LandCorp and the Metropolitan Redevelopment Authority have combined to release more than 150 lots of commercial, residential and industrial land across Perth and regional Western Australia, which could generate up to $1.3 billion in development opportunities.

LandCorp chief executive Frank Marra at Parkside Walk in Jolimont.

LandCorp and the Metropolitan Redevelopment Authority have combined to release more than 150 lots of commercial, residential and industrial land across Perth and regional Western Australia, which could generate up to $1.3 billion in development opportunities.

LandCorp chief executive Frank Marra said the release, with an estimated value of more than $290 million, was expected to generate thousands of jobs in coming years and would help drive significant economic growth.

“When fully developed, these opportunities represent an injection of $1.3 billion into our local economy and will deliver 12,000 jobs,” he said.

A variety of residential and mixed-use lots was released across LandCorp’s developments, including Parkside Walk in Jolimont, Knutsford in Fremantle, the South Hedland Town Centre, and Alkimos Beach, providing opportunities for a diverse range of housing solutions.

Mr Marra said the 57 residential lots released include a mixture of strategic medium-density infill projects and innovative urban regeneration developments.

“The sites released today for residential and mixed-use development will deliver more than 824 dwellings to meet the needs of the state’s growing population and create thriving and connected communities for Western Australians,” he said.   

“There is a diverse range of exciting opportunities for developers looking to invest in the next chapter of community building in our state.”

A selection of lots for commercial use and light and heavy industries in several strategically located industrial estates in metropolitan Perth and regional WA was also released.

Among the industrial opportunities is the first lot release at the Peel Business Park in Nambeelup, with stage one offering a variety of lot sizes available across 290 hectares of land.

Stage one of the Peel Business Park also includes a renewable energy microgrid, one of the largest ever undertaken in an industrial development in Australia.

The grid, which is being developed in partnership with Enwave Energy, Synergy and Sunrise Energy, will service the entire development once complete.

The Peel Business Park, strategically located between Bunbury and the Perth CBD, is expected to create more than 300 construction jobs during development and 160 permanent positions once the first stage is fully operational.

“Industrial estates are powerhouses for the WA economy,” Mr Marra said.

“In addition to those at Peel Business Park, LandCorp has released 131 commercial and industrial lots that will support local business across our industrial estates in WA, including Meridian Park, Latitude 32 and Gap Ridge Industrial.

“The modern estates are strategically positioned near key transport routes and built to environmental and design standards, delivering attractive and sustainable workplaces.”

 

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