Written by Helen Shield
Linc Property has celebrated completion of its Tonkin Highway Industrial Estate with a tree planting ceremony conducted by City of Bayswater Mayor Dan Bull and Linc Property co-founder and Director Ben Lisle.
The 40ha industrial estate, bounded by Railway Parade and Tonkin Highway, was one of Perth’s best located industrial precincts, Raine & Horne Commercial Anthony Vulinovich said.
So far 52 lots or 60 percent of the estate has sold for $70 million, Mr Vulinovich said.
Mr Lisle said he expected the remaining lots, from 1100sqm to 1.5ha, would be sold within six to nine months as industrial pre-lease activity picked up, inspired by more confidence in WA’s resources sector.
Linc Property’s partnership with the City of Bayswater had enabled them to deliver a “contemporary industrial estate with attractive scheme provisions, on-street parking and extensive landscaping.”
The Tonkin Highway Industrial Estate had been designed to ensure it contributed to the council achieving its objective of increasing the tree canopy coverage within the City of Bayswater by 20 per cent over the next five years.
Mr Vulinovich said that the land was attractively priced relative to other near-city areas including Osborne Park, Balcatta and Belmont. As well, Mr Lisle said Linc Property has sold out its Northlink Industrial Park, had two lots remaining in the Swan Brewery Industrial Estate and was extremely pleased with sales in the Tonkin Highway Industrial Estate.
Building had started on the group’s latest project, Roe Highway Logistics Park a new 55ha development on the corner of Roe Highway and Welshpool Road East. More than 10ha had been pre-committed off market before stage 1 construction was completed, Mr Lisle said.
“This (Roe Highway) Estate has the best access of any industrial land in Perth”he said.
“(It is next) to Roe Highway and the Kenwick Freight Rail Terminal with dual traffic light access from Welshpool Road East providing B-triple road train access.” The estate will be launched soon.