DEVELOPER Stockland has acquired the 40ha Ingham’s site in Sinagra for $53 million, where it plans to create almost 700 residents lots.
The developer announced it had acquired land for more than 4600 residential lots across three sites in Perth this week.
The acquisition includes the 40ha parcel of land in Sinagra for $53 million, 334ha in Baldivis for $27 million and 11ha in Brabham for $11 million.
“We’ve seen early signs of improved economic conditions in WA, particularly in Perth, and this additional land will enable us to plan for three new liveable, affordable residential communities,” group executive Andrew Whitson said.
WA general manager Col Dutton said the three sites were located near existing or planned community infrastructure, including transport, retail centres, schools and parks.
“In Brabham, the additional 200 lots adjoin our existing Whiteman Edge project, which enables us to leverage planned infrastructure including a retail town centre, future primary school and the planned Ellenbrook rail line,” he said.
“The Sinagra site has capacity for nearly 700 home sites, with a large proportion offering views across Lake Joondalup and the surrounding natural landscape, and includes plans for a new primary school.”
Mr Dutton said the Baldivis site would have about 3700 homes and was near the Kwinana Freeway, within 3km of Wellard rail station.
The Wanneroo Road site has views across Lake Joondalup and will be 450m from central Wanneroo.