- Stage 1 of the $3.8 billion multi-use redevelopment at Belmont Park underway
- Developers Golden Group estimate, over the 20-year life of the project, more than $10 billion will be injected into the economy and more than 25,000 local jobs created
- Stage 1 of the project will create 1,500 new apartments, 6,000 square metres of retail space and 20,000 square metres of commercial space
Premier Mark McGowan today officially broke ground on Stage 1 of the $3.8 billion mixed-use Belmont Park development by Golden Group.
Over the 20-year life of the project, developers Golden Group expect $10 billion to be injected into the economy and more than 25,000 local jobs to be created.
The first stage of the project will see the creation of 1,500 new apartments, 6,000 square metres of retail space and 20,000 square metres of commercial space.
Located directly next to the train line, the redevelopment will have excellent connectivity and access to the central business district, airport, sporting and entertainment options, and will greatly benefit from the expansion and upgrade of METRONET.
Comments attributed to Premier Mark McGowan:
"The $3.8 billion mixed-use development of Belmont Park is a bold initiative by Golden Group, expected to create thousands of local jobs and continue the revitalisation of the Burswood Peninsula.
"This development represents great news for the WA economy, businesses and local jobs, and demonstrates the economic optimism that is returning to Western Australia.
"This precinct will benefit enormously from the public transport network already in place and as the community grows, it will benefit from easy connections to other metropolitan precincts and urban centres via METRONET.
"METRONET is more than just a public transport network - it will link diverse urban centres, provide opportunities for greater density development and create thousands of local WA jobs.
"My Government is committed to working with both the public and private sectors to create a strong and diverse economy, and secure long-term jobs for Western Australians."
Premier's office - 6552 5000