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Perth set for record development

By Staff Reporter
20 January 2010 | 1 minute read

Lend Lease has today won a tender to build Perth's biggest community development.

The development will include more than 10,000 dwellings over 710 hectares and take more than 20 years to complete.

The final development agreement between Lend Lease and government authority LandCorp is expected to be finalised in approximately three months with construction to start shortly after.

The development will be undertaken in stages, the first of which will consist of 2,500 dwellings and is expected to cost more than $400 million.

Lend Lease chief executive officer and managing director Steve McCann said the new Alkimos community would set benchmarks in sustainable community development through a range of initiatives including environmentally sensitive design, recycled water use, education partnership models and local job creation initiatives.

“Lend Lease brings an enviable track record for partnering with governments and landowners to deliver master planned communities that lead the way in community creation,” Mr McCann said.

Perth set for record development
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Enter your email to receive the latest real estate advice and tools to help you sell.