The City of Armadale celebrated the beginning of a new chapter in one of Perth’s most modern and affordable commercial and industrial precincts with a turning of the sod ceremony for the release of new industrial land today.
Precinct 95 will be an exciting 18 hectare commercial and business land release within the existing Forrestdale Business Park.The development of the area will span over the next five to seven years but once fully completed it is estimated it will be inject $200 million of development into the business park.
City of Armadale Mayor Henry Zelones OAM, JP said that the development of the precinct was a sign of continued growth in the City of Armadale and a boost in the economy, despite the downturn in the state economy.
“We are proud to have this key location within the City of Armadale and the City continues to work hard to promote and activate development in this space.”
The new precinct will go a long way to giving convenient access to the rapidly growing south eastern corridor within the City.
The new estate is situated on the corner of Alex Wood Drive and Ranford Road, and is only 32km from central Perth, less than 35 minute drive to the Kwinana Freeway and 800m from the Tonkin Highway.
As one of Perth’s most affordable commercial and industrial precincts, it will attract valuable economic growth opportunities and diverse businesses for both owner occupiers and investors.
Industrial lots in the area will range from 1,897sqm to 3,064pm, with 9 lots titled and ready to sell now.
The precinct will also be a major employment zone in the City, creating up to 750 jobs during the construction phase.
“The final development of the precinct will cater for up to 1000 full time jobs, opening opportunities for residents in the south eastern corridor,” added Mayor Zelones.”
The area is already home to large businesses such as Bunnings, Impressions Furniture, Caltex and Hungry Jacks. BP has already secured the entry point site into the estate, on the corner of Ranford Road and Alex Wood Drive, with building to commence in the coming weeks.
The project is backed by Brown–Neaves Investments.