$3.8 billion multi-use Belmont Park redevelopment underway
04 May 2018
-
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
WA Government:
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."
--ENDS--
Source: Western Australia Government - www.mediastatements.wa.gov.au
Contact: Premier's office - 6552 5000
External Links: N/A
Recent news by: WA Government