Masterplan Consultants - Town Planning Perth WA

Masterplan In the News

Recently Northlink, a Masterplan designed industrial development, was on Page 12 of the West Australian Newspaper Property Section. The article was printed as follows:

 

Land sales at stage four of Northlink Industrial Estate in Wangara have been brought forward in response to strong demand for the industrial lots from relocating businesses and investor according to selling agents.

Raine & Horne Commercial director Anthony Vulinovich said with only a handful of lots still available in the estates stage three, selling had started on the 25 lots in stage four where seven of the sites had already been sold and three were under offer.

Mr Vulinovich said a broad push from owner occupiers, investors and tenants were behind the sales.

"The estate places itself well for occupiers who want to take advantage on lower interest rates to develop and customise a new facility" he said.

"We are definitely finding the number of developments are being built on design and construct basis for businesses that are looking to expand. Developers or investors are building for those buyers but we also have established business that is trading up to newer properties. Lower interest rated have introduced affordability and businesses changing from renting their property to ownership is also behind some of the sales."

Civil work has started at stage four with titles expected in April.

Lot sizes range from 1100sqm to 3ha with prices between $300/sqm and $390/sqm.

Mr Vulinovich said the attraction of a new estate or the flight to modern property was also helping leasing demand. "Some tenants are trading from properties that have become redundant, in terms of size or age and because there is a competitive market, they are being offered very affordable rates to move into new properties in new estates," he said.

"We can offer leasing packages on new estates on a similar rate to established properties that may be 15 years old. Its similar to the flight to quality that occurs in the office markets".

 

Page 12 Property Section, Wednesday, April 15 2015, The West Australian. 

Masterplan In the News

masterplanning | structure planning | town planning | subdivision design | urban design | built form design | design guidelines | project co-ordination

Town Planning Perth WA