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InfrastructureMarisa WikramanayakeMon 10 Jun 24

WA Pays $51m for Waterfront Site in Perth’s South

An aerial view of the Henderson waterfront site in Perth that the Western Australian government has just acquired.

The WA government’s land and development agency has laid out $51 million to acquire a substantial waterfront site in Perth’s southern suburbs.

Development WA has picked up the 4.63ha waterfront site at 49-53 Clarence Beach Road, Henderson for $51 million.

The site is south of Fremantle and Rockingham, one of Perth’s southernmost suburbs.

The new site currently has 12,740sq m of existing building improvements, 140m of frontage to the water, a sea-bed licence and an established slipway launch structure.

The acquisition comes after the WA government allocated $116 million to move port services from Fremantle to Kwinana in the budget last month.

The current tenant on the site is superyacht builders Echo Yachts who has just signed a contract to build a 57m sail-powered catamaran, which will be the world’s largest.

In 2021, the Federal Government announced that the Henderson shipyard precinct was a sovereign capability powerhouse with several defence projects being worked on at the site at the time.

The WA government has promised 1000 jobs will be created in the construction of a dry dock at the site with a masterplan for the precinct planned within the next few months.

It is believed the state want to earmark the site for defence-related projects.

CBRE’s Jarrad Grierson and Derek Barlow managed the sale for the previous owners through an off-market process.

“It stands out as one of the few sites capable of servicing the superyacht and ship manufacturing industry [in the region],”  Grierson said.

OtherPerthGovernmentDevelopmentPolicyFinanceDeal
AUTHOR
Marisa Wikramanayake
The Urban Developer
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Article originally posted at: https://www.theurbandeveloper.com/articles/development-wa-henderson-acquisition-clarence-beach-road