Resources and agribusiness are supporting demand for industrial land, as Lester Group and Elders take up spots at Harvis’ Muchea industrial development.
On completion Muchea Industrial Park will encompass a 150-hectare precinct, which Harvis said is the largest of its kind being developed in Perth.
Family-owned fund manager Lester Group is taking 4ha at the site, across three lots.
Lester is led by chair Dick Lester, who has been a longtime property investor in WA.
The group’s Muchea presence will include a branch of agri-services business Elders.
Only two lots from the first two stages of development remain uncommitted, Harvis said.
Servicing heavy and light industry, Muchea Industrial Park is intended as a northern gateway for freight moving between Perth and the mining and agricultural regions.
“We’ve continued to see strong activity in the mining sector and agriculture-related services,” he said.
Mr Flynn said there was significant demand for large lots, particularly those located close to infrastructure, logistics access, and transport.
“Those are the things that are most important to users, as well as the ability to build and put their facilities on there quickly,” he said.
“Companies, manufacturers, and processers need industrial land with strong links to the regions for regional distribution.
“Elders is a good example where they’re looking at establishing the area as a distribution centre for the wider agricultural region in the north metro corridor and beyond.”
Muchea Industrial Park is located at the end of the recently completed NorthLink WA extension of Tonkin Highway, which Mr Flynn said was integral to the precinct’s value.
“It opens up Perth north metro and the regions, and those logistics and transport links, saving time.”
In a media statement, Harvis said Muchea Industrial Park would allow businesses to bypass Perth’s heavily congested industrial suburbs.
“Mining, agricultural and logistics focused businesses can now locate closer to their strategic operations or customer bases in the State’s northern regions, enjoying access to the full labour force and talent pool of Perth while avoiding the time and expense of transporting large equipment and freight through an already constrained metropolitan road network.”