Landcorp, MRA release $290 million worth of land for development

An artist's impression of the MRA's Riverside development.
An artist's impression of the MRA's Riverside development.

LANDCORP and the Metropolitan Redevelopment Authority (MRA) have released more than $290 million worth of land in Perth and regional WA for development.

The release is expected to support up to 12,000 jobs in coming years and will help drive significant economic growth.

More than 150 lots will be made available, offering developers the opportunity to secure prime land for residential, commercial and industrial developments.

“When fully developed, these opportunities represent an injection of $1.3 billion into our local economy and will deliver 12,000 jobs,” LandCorp Chief Executive Frank Marra said.

Residential lots were released across LandCorp’s developments, including Parkside Walk in Jolimont, Knutsford in Fremantle, the South Hedland Town Centre and Alkimos Beach, providing opportunities for a diverse range of housing solutions.

“The sites released today for residential and mixed-use development will deliver more than 824 dwellings to meet the needs of the State’s growing population and create thriving and connected communities for Western Australians,” Mr Marra said.

“There are a diverse range of exciting opportunities for developers looking to invest in the next chapter of community building in our State.

“From Albany to Alkimos Beach and Mandurah to Jolimont, these are exceptional developments which will provide diversity and choice to homebuyers from all walks of life.”

Among the industrial opportunities was the first lot release at the Peel Business Park in Nambeelup.

The Peel Business Park, located between Bunbury and the Perth CBD, is expected to create more than 300 construction jobs during development and 160 permanent positions once the first stage is fully operational.