08/07/2008 - 15:33

Goodman signs Boart for Hazelmere

08/07/2008 - 15:33

Bookmark

Save articles for future reference.

Eight months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial Estate in Hazelmere.

Goodman signs Boart for Hazelmere

Eight months after it bought the site for $70 million, Goodman International Ltd has signed US-based drilling services company, Boart Longyear Ltd, as the anchor tenant for its Stockyards Industrial Estate in Hazelmere.

Boart Longyear has pre-committed to a 20-year lease on the site and will house its WA headquarters there.

Under the agreement, Goodman will build a 21,000sqm warehouse and 3,000sqm office for Boart, whose new facility will be the company's largest nationally.

The project forms part of a bigger development pegged for the Stockyards estate, covering 50,000sqm, which includes three separate industrial sites and a café.

A development application for the project is currently before the City of Swan.

Boart Longyear, which is ASX-listed, has developed a big presence in WA through a number of acquisitions, including Avatar Industries Ltd drilling subsidiary, DrillCorp Ltd, and drilling company Grimwood Davies.

Last week, the company bought drill rig manufacturer, Westrod Engineering.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options