Perth residential development – realestatesource https://www.realestatesource.com.au Commercial and residential property news Mon, 23 Nov 2009 11:56:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Perth residential development – realestatesource https://www.realestatesource.com.au 32 32 Peet, Myer, MTAA Super Kick Off Biggest Perth Coastal Development in 50 Years https://www.realestatesource.com.au/peet-myer-mtaa-super-kick-off-biggest-perth-coastal-development-in-50-years/ Mon, 23 Nov 2009 11:56:35 +0000 http://realestatesource.com.au/wordpress/peet-myer-mtaa-super-kick-off-biggest-perth-coastal-development-in-50-years.html Alkimos EglintonPERTH's largest coastal development for more than 50 years has been launched in the Alkimos Eglinton area.

Peet Ltd has unveiled its $1.3 billion Alkimos development, about 40 kilometres north of the CBD. The land mooted for the development abuts another major block which the West Australian government is seeking to develop with a partner.

Combined, about 953 hectares of Perth's famous coastline will be affected. LandCorp, Delfin Lend Lease, Mirvac and a consortium including Perth based developer Satterley Property Group, are reportedly shortlisted on the government tender to build more housing.

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Peet paid $300 million in January 2008 for its 243 hectare parcel with joint venture partners MTAA Super and the Myer family. About 3,300 dwellings – accommodating 500,000 people – are expected to be developed here between now and 2020, the AFR reports.

The first 20 lots sold yesterday averaged $310,000 each, but no land size was reported.

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