Doug Shave

Doug Shave

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    Sale of LandCorp's last Joondalup Central Business District lot

    2/12/1999 4:17 PM
     
    2/12/99

    Another milestone has been passed in the development of Joondalup City.

    Lands Minister Doug Shave said the sale of LandCorp’s last Joondalup Central Business District (CBD) lot was another key achievement of the Government program to build a dynamic economic centre in Perth’s fast growing North-West corridor.

    “The sale of the lot in Davidson Terrace for $320,000 takes total commercial sales in Joondalup City to more than $30 million,” Mr Shave said.

    “All 81 of the CBD lots have now been sold and Joondalup is a thriving, growing centre that has attracted major companies to the city.”

    Mr Shave said that of the 81 lots sold in the Joondalup CBD, 56 had been developed. Extensive building was under way in and around the city centre and there was no end in sight to this development surge.

    LandCorp still had holdings in Joondalup’s Business Park South which were suitable for bulk retail sales, commercial services and a technology precinct. These would be strategically released to meet future demand.

    LandCorp CEO Ross Holt said Target, Harvey Norman and Condor Furniture were among the many businesses that had recently moved into Joondalup,

    “Work on the first hotel in the Joondalup CBD will start in mid-2000 and a $3.7 million apartment building is due for completion in March,” Mr Holt said.

    “Development is also flowing into areas close to the CBD. An international standard roller skating rink is being built and Freedom Furniture is expected to open a new store near the CBD in the middle of next year.

    “Lakeside Joondalup Shopping Centre is now WA’s seventh largest shopping centre, covering 35,000sqm with future plans to take it to 100,000 sqm.”

    Media contacts:
    John Clune (Minister’s Office) 9213 6500
    Michelle Downie (LandCorp) 9482 7499