05/12/2007 - 16:55

Harvey Norman beds down at Jandakot City

05/12/2007 - 16:55

Bookmark

Save articles for future reference.

Jandakot Airport Holdings and Harvey Norman Holdings Ltd have formed a joint venture partnership to develop a major homemaker and bulky goods centre in Jandakot City, the new commercial development adjacent to Jandakot Airport.

Harvey Norman beds down at Jandakot City

Jandakot Airport Holdings and Harvey Norman Holdings Ltd have formed a joint venture partnership to develop a major homemaker and bulky goods centre in Jandakot City, the new commercial development adjacent to Jandakot Airport.

Gerry Harvey, Chairman of Harvey Norman, believes the centre will eventually be the largest of its kind in the
Southern Hemisphere.

"We are looking to create the ultimate destination for homemaker and bulky goods shoppers - just 15 minutes
from the Perth central business district - it is an exciting project," Mr Harvey said.

"The development will be known as the Harvey Norman Centre at Jandakot City, and as the name suggests,
Harvey Norman will be the anchor tenant with a 10,000 square metre store."

Additional tenancies are planned and it is anticipated that over time the entire complex will comprise
approximately 100,000 square metres of bulky goods retail.

Leo Seward, Property Director at Jandakot Airport Holdings, advised that the Joint Venture had secured a 20
hectare parcel of land on the main thoroughfare along Hope Road in the Jandakot City precinct.

"The Harvey Norman Centre at Jandakot City will be a one-stop-shop perfectly positioned in a major growth
corridor strategically located to enjoy easy access from a number of major transport routes, including Kwinana
Freeway and Roe Highway," Mr Seward said.

"The complex will be progressively developed as tenant demand dictates and we are confident of reaching full
capacity within a few years."

The Harvey Norman Centre is one of several precincts within Jandakot City, a major commercial project
comprising of 149 hectares of land approved by the Federal Government for non-aviation related development.

Mr Seward said Jandakot City would eventually be home to a strategic mix of commercial premises including Agrade
office buildings; showrooms; light industry; distribution centres; and warehousing.

Leffler Simes Architects from Melbourne will be working in conjunction with Meyer Shircore and Associates in
Perth to complete the architectural work. Pride Projects Pty Ltd has been appointed as Development and Project
Managers, and CBRE will manage the leasing aspect of the project.

Mr Seward said all parties involved were very excited at the prospect of building what is potentially the best
planned homemaker centre in the southern hemisphere.

CBRE Regional Director, Retail Bulky Goods, Jeff Klopper said the project had already attracted significant tenant
interest ahead of the official marketing launch.

"Population growth, the resources boom and a strong housing market are driving interest in the Perth bulky goods
market," Mr Klopper said.

"The strength of the homemaker sector has been highlighted by the growing number of national retailers entering
the WA market and committing to a minimum four store roll-out."

Mr Klopper said the size of the Jandakot project - which would potentially be the biggest bulky goods centre in
Australia - was in line with a national trend towards developing larger, one-stop-shop homemaker precincts.

"This project is expected to revolutionise the Perth bulky goods landscape," Mr Klopper said.

"There is certainly a trend towards tenants moving out of smaller bulky goods centres into larger homemaker
precincts, particularly centres which offer strong anchors. Harvey Norman has proven to be the number one draw
card in Australia for new homemaker projects," Mr Klopper added.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options