05/05/2011 - 00:00

Jandakot Airport signs big-name tenants

05/05/2011 - 00:00

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JANDAKOT Airport has secured a number of notable national and international tenants for its multi-million dollar commercial and industrial precinct following approval of its $60 million master plan more than a year ago.

Jandakot Airport signs big-name tenants

JANDAKOT Airport has secured a number of notable national and international tenants for its multi-million dollar commercial and industrial precinct following approval of its $60 million master plan more than a year ago.

The Jandakot Airport master plan sets aside 168 hectares for the creation of the commercial and industrial precinct, which is being marketed as Jandakot City. It also comprises 170ha of airport land for conservation use and 225ha for a fourth runway expansion.

More than 30ha of the precinct has already been taken up by tenants, including multinational General Electric, oilfield services company Halliburton, glass supplier Viridian, and engineering group Sandvik.

GE announced its plan to open an $80 million custom-built technology and learning complex on a 100,000-square metre site at Jandakot Airport in March.

The airport, which is privately owned by property developer Ascot Capital, has undergone an upgrade of external and internal road networks, water pipes and the construction of building platforms for the industrial estate.

“At the moment we have 60 hectares of building platforms complete and 40 hectares of building platforms under way. We’ve created the helicopter precinct and 30 new hangers, which have now been fully tenanted,” Ascot capital director Greg King said.

He said Jandakot Airport was an attractive prospect for large-scale companies looking for bigger sites.

“We’re in a very fortunate space because there is a shortage of land in WA and we are very well located and have building platforms ready to go, so when you have large users looking for space, we will be in the mix for most of them,” he said.

A fourth runway will also be built as part of more than $60 million worth of construction, however it is subject to a separate approval process which may take between 12 and 24 months.

Mr King predicts that the commercial and industrial precinct will take between five and eight years to complete.

Meanwhile, Mr King has rejected claims that existing aviation-related tenants of the airport are being illegally evicted to make room for non-aviation businesses.

“Every tenant is important to us, but there have been plenty of relocations of tenants during this process, all of which are very happy and have been looked after well,” he said.

Mr King insisted that the airport had acted well within its legal rights in accordance with individual lease agreements and the Airport Act.

“We have been given advice that we are acting well within our legal rights and these tenants have signed a lease with a relocation clause or termination clause, which gives the landlord and tenant certain rights and obligations,” he said.

 

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