Pilbara industrial estate opens
Commercial property investors may be interested in the opening of one of Western Australia's biggest industrial estates today (August 24), with the 260 hectare site to support one of the state's fastest growing regions.
Opening the Gap Ridge Industrial Estate today, state lands minister Brendon Grylls said the new Karratha development would play a vital role in the multibillion dollar Pilbara resource sector.
With $143 billion worth of mining projects earmarked for the region, Mr Grylls said the industrial land would support the growing region.
"This state is welcoming 1,000 new residents every week and many of these people are seeking work in the north-west. It is critical we prepare for this projected population growth," he said.
"Pilbara Cities is continuing to deliver modern, higher density centres supported by the necessary services, offering economic and social sustainability to the region."
More than 30 companies have invested in the industrial site, and with 60,000 sq m of built form scheduled in the next 24 months, the development may incite interest from those interested in a land investment in the Pilbara.
Mr Grylls said 160 hectares of undeveloped industrial land was currently available at the site, which is located 9 km west of Karratha and 12 km from Dampier Port.