WEST Australian Housing Minister Peter Tinley last week announced the selection of Peet Limited as the preferred proponent for final negotiations as development partner for the Housing Authority's 220-hectare site at Lot 800 Youle-Dean Road, Brabham.
Located 22 kilometres from the city centre, the Brabham project, which is part of the State Government's METRONET transport centrepiece, will be a major transit-oriented development linking the Swan Valley to Perth. The site will potentially yield more than 3,000 dwellings, schools, neighbourhood shops and recreational areas close to the proposed Whiteman Park train station.
The Housing Authority will now invite Peet into final negotiations of the contract. During this phase, it will consider Peet's detailed proposal including project delivery, design, commercial terms and structuring.
Mr Tinley described the announcement as a significant boost to the stock of affordable housing that aligns to the government's plans for METRONET, with plans for a station at Whiteman Park by 2022.
"Peet is a well-established, well-recognised developer with successful developments in WA, including award-winning developments at Wellard and Golden Bay. In addition, Peet has innovative developments in other States, like Lightsview in South Australia," Mr Tinley said.
A formal agreement is anticipated by December 2017, with construction starting in 2019. Overall economic activity is estimated at $2.32 billion and it is expected to create more than 1,900 direct jobs and generate activity in 5,900 indirect jobs.