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News release

PERTH

Significant industrial land holdings for sale in Perth - Hazelmere

Two large industrial land holdings have hit the market via an EOI campaign


​Two large industrial land holdings have hit the market via an Expression of Interest campaign being conducted by JLL.

Lots 118 &119 Lakes Road and Lot 5001 Talbot Road, approximately 8.5 hectares and 4.9 hectares in size respectively, are located in the eastern industrial precinct of Hazelmere, widely regarded as Perth's most strategic and expanding industrial precincts.

JLL's WA Head of Industrial Nick Goodridge and Manager Industrial Andrew Fife are exclusively conducting the formal on market Expressions of Interest campaign, and  expect the offerings to attract the interest of both local and national developer and owner occupier groups.

"These offerings provide a genuinely unique industrial development opportunity of scale in Perth's core eastern corridor, a market which has a history of limited and restricted land supply," said Mr Goodridge.

"With the constant threat of rising transport costs and sustained limited land supply in Perth's eastern corridor, the opportunity to own strategic industrial land parcels located within close proximity to major transport infrastructure will make a compelling development proposition for owner occupier and developer groups," he said.

A number of significant developments have occurred within Hazelmere over the past decade, with the precinct being particularly favoured by large scale industrial users active in the logistics, distribution and mining sectors, all of whom have had requirements for large tracts of land being located in close proximity to the surrounding key arterial transport networks.

Surrounding occupiers within Hazelmere include major corporates such as CCA Australia, Linfox, MTU, Toll, CEVA, Mainfreight, Rand, BGC and Centurion to name a few. It is this high calibre of national and multnational occupiers and the precinct's strategic position that reinforces  Hazelmere as one of Perth's most critical industrial suburbs.

Mr Goodridge confirmed that JLL are formally in the market with a number of new industrial occupier briefs across the metropolitan area,  with tenant requirements currently in negotiations seeking combined land holdings of over 12 hectares, and confirmed there are more in the pipeline for the second half of this year.

"The cycle of flight to quality and rooftop consolidation mandates from major occupier groups continues to be strong trend in the majority of discussions we are having with major groups, and this is expected to continue in the medium term," he said.

The land holdings are being sold by Derby Industries Pty Ltd, a subsidiary of the Craig Mostyn Group, who have identified the sites as being excess to their operational requirements. The formal EOI campaign closes at 4pm (AWST) on the 21 July 2017.