In The News: Goodman signs Boart at Hazelmere

09/07/2008 - 22:00

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In The News: Goodman signs Boart at 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. Under the agreement, Goodman will build a 21,000sqm warehouse and 3,000sqm office for Boart, whose new facility will be the company’s biggest nationally. The project forms part of a bigger development on the Stockyards estate, containing 50,000sqm of building space, which will encompass three separate industrial sites and an estate café. A development application for the project is currently before the City of Swan. ASX-listed Boart Longyear 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. It also bought drill rig manufacturer, Westrod Engineering, last week. Boart Longyear will use the new site for assembling and servicing drill rigs, as well as research and development activities. LandCorp has reviewed the Stockyards application and said the proposed development was in accordance with the Kewdale-Hazelmere master plan. The development will include a number of environmentally sustainable design features, including rainwater harvesting, effluent reuse in landscape irrigation and photovoltaic lighting. Goodman’s purchase of the former WA Meat Authority site last year set a record for an industrial sale in Perth.

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