‘Unique opportunity’: Industrial lot sale in Perth’s ‘core’ steaming ahead

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By Hamish Hastie
July 9, 2019

More than 50 per cent of the 56-hectare Roe Highway Logistics Park has been snapped up after it launched in February.

On Tuesday the park’s manager Linc Property announced logistics business Silk Contract Logistics as the latest tenant, taking up a 4-hectare lot where it will build a 21,000 square metre warehouse to move into by 2020. Silk is currently located in the Canning Vale industrial area.

More than 50 per cent of the park has been snapped up already.

Other major tenants and businesses to commit to leases include Northline, BP, Brady Corporation, Expro, K-Trans WA, Joest, FUWA K-Hitch and Ideal Sales.

The park is a rare plot of industrial land in Perth’s core, its proximity to freight rail and road routes has made it an attractive prospect to businesses.

Linc Property expected the park to be filled within the next six to nine months.

Director Ben Lisle said the park was a unique opportunity buyers and tenants wouldn’t see again for decades.

“This is reflected in the strong level of interest we have received since the launch of the project, with businesses looking to base themselves at this strategic location,” he said.

Some of WA’s biggest business names are behind the park, including Adrian Fini’s Perth-based private investment company Fini Group and Minderoo Group, the philanthropic and private business holdings of Andrew and Nicola Forrest.

The first phase of earthworks is underway for the adjacent Kenwick rail freight facility, which was expected to be completed by 2020.

Linc Property said rail-sided lots were the most popular, with only 11-hectares remaining.