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News release


Major Perth transit development opportunity on the market

Demand toward transit-oriented development in Perth's metropolitan area expected to increase

​PERTH, 10 MARCH 2015 – A large scale, highly strategic development opportunity featuring valuable commuter accessible enhancements in the high amenity Cannington town centre, 13km south east of the Perth CBD, has been brought to market exclusively by JLL.

According to JLL Director, Sales & Investments WA, Phil Fogliani, the transit oriented development site at 68-90 Bickley Road in Beckenham is strategically pos​itioned opposite the Beckenham train station and consists of two adjoining lots totalling an impressive 4.0022ha. 

“Transit oriented development has been an emerging trend over the last ten years that sees the creation of vibrant, liveable communities that are compact and can deliver on residents’ essential needs within a ‘walkable’ distance. It is certainly a trend that is piquing the interest of astute developers.

“The key feature of transit oriented designed communities is that they are anchored by high quality train systems which make it possible for residents to enjoy a higher quality of life with minimised dependence on car transport.

“The site not only delivers in terms of an inherent capacity for integration of transit oriented design principles, but also sees benefit from close proximity to an established high amenity location. 

“The offering is also equipped with beneficial planning conditions that will provide an incoming developer with considerable flexibility in terms of maximising the development of a high density mixed use, ‘hub’,” said Mr Fogliani.

Among the largest, privately owned, high density development sites currently on the market, the site is offered with a recently gazetted ‘Special Use’ zoning, allowing for R160 zoning and a range of other permitted and discretionary non-residential uses, under the City of Gosnell’s Town Planning Scheme No.6. 

According to the R160 density, the residential plot ratio is equivalent to an area of just over 80,000sqm of residential development, or in excess of 1,000 apartments, plus commercial and retail uses. 

JLL National Director, Industrial WA, Richard Parry said the site has scope for a higher plot ratio through bonus flexibility that would allow a developer to build higher should the development satisfy the relevant design codes.

“According to the ‘Special Use’ zoning which combines the R160 residential code with non-residential uses, the site is geared toward the integrated commercial and residential uses, with demand already being lodged for a full line supermarket. 

“A supermarket could ultimately be supplemented by specialty tenancies like food and beverage and or offices to altogether create an activated and vibrant hub,” said Mr Parry.

“Given the avenues available under the West Australian Planning Commission’s R-Codes and with no technical limit placed on the City of Gosnells, the site has a very real capacity to accommodate a higher and or a more dense development outcome,” said Mr Parry.

Mr Fogliani said the offering is among the first in what is anticipated to be an increasing demand toward transit oriented development in the Perth metropolitan area.

“In WA there is certainly a focus on increasing housing densities near transport hubs, particularly train stations in order to create more efficient sub-centres that will encourage smart and sustainable growth.

“Substantial interest is anticipated from both local and east coast-based, national developers, but such is the quality of this offering we also expect the international campaign to generate traction with offshore developers.

“Offshore development activity on the east coast across 2014 demonstrated that project scale is a decisive factor for international investors, and while Perth is on the radar for offshore capital, until now there hasn’t really been much stock available that caters to this criterion. This offering will undoubtedly tick that box,” said Mr Fogliani.

“Given the generous specifics of this site, we expect developers across the board will respond well to this offering and be very keen to activate a unique and substantial development site like this,” said Mr Parry.​