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.