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The Springs to LandCorp

THE City of Belmont will be selling all of its land within The Springs precinct Rivervale to LandCorp. The sale excludes the land comprising Cracknell Park and will remove a perceived conflict of interest caused by the Council being both a land owner within The Springs and an approving authority. Lots 100 to 103 Great Eastern Highway, Lot 62 Malvern Road and Lot 89 Rowe Avenue will be sold to LandCorp for $2,425,000 and it is expected the group will transform the under utilised area into a “riverside gem”.

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Total combined value of current WA projects

23rd↓Qube PropertyNFP
24th↑Access Housing Australia2,094,000
25th-LandCorpNFP
26th-PerronNFP
70 property - (built-form) developers ranked by total value of WA projects currently under construction ($)

Lots expected to be completed for sale, current financial year

3rd↓Satterley PropertyNFP
4th-LWP Property GroupNFP
5th↑LandCorp582
6th↑Cedar Woods Properties500
7th-Urban Quarter275
43 property - land developers ranked by number of WA lots expected to be completed for sale, current financial year

Total revenue

10th↑Pilbara Ports Authority$422.6m
11th↑Racing and Wagering Western Australia$337.9m
12th↓LandCorp$325.0m
13th-Fremantle Ports$214.1m
14th↑Metropolitan Redevelopment Authority$169.1m
29 state government businesses ranked by total revenue - this year

Number of Employees

Property - (Built-form) Developers

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