Perth Airport unveils long-term vision for its property portfolio
Perth Airport says plans to enhance development of non-aviation land on the airport’s 2,105 hectare estate will drive investment, create jobs, and fuel economic growth in Western Australia.
The plans are part of Perth Airport’s newly unveiled “Skyfields” property brand which represents one of the largest urban redevelopment projects in Australia.
Skyfields encompasses five distinct property precincts across the estate and identifies the vision and potential future development for each.
Perth Airport Chief Property Officer Dan Sweet says Skyfields sends a clear signal to industry about the value of its thriving property portfolio and the plethora of opportunities available.
“Skyfields is made up of five distinct precincts encompassing a growing retail and lifestyle hub, office campus, booming logistics sector, industrial and commercial destinations, and aviation support,” Mr Sweet said.
“One of the biggest potential handbrakes on Perth’s future economic growth is a lack of developable land close to the CBD.
“Perth Airport has more than 250 hectares of developable land just 12km from the CBD, adjacent to the Kewdale Freight Terminal, and highly connected by major arterial roads, rail and of course the airport itself.
“Skyfields provides a premium and central location for business, retail, superior logistics and distribution, and the availability of premium land provides a strong opportunity for growth and expansion across existing and future sites.
“Skyfields allows us to highlight the expansive nature of our property business and supports the future growth of our portfolio in a considered and strategic way. It also allows us to elevate our precinct offerings for both current and future property partners.
“The benefits for business and for the WA economy are enormous. The development of land at the north of the airport is expected to generate more than $550million of economic value and more than 1600 jobs in the site preparation phase alone.”
Mr Sweet said the demand and interest from WA business was already high and would continue to grow.
“Perth Airport already successfully manages a diverse portfolio, with 500 leases, across aeronautical, industrial, commercial, logistics, office, and retail sectors,” Mr Sweet said.
“The vision to develop distinct but interconnected precincts that bring together top-tier businesses, premium industrial sites, and fast-growing retail activity will make Skyfields a vibrant and much sought after commercial destination” said Mr Sweet.