Industrial property investment opportunities in Pilbara region
Property investment in Western Australia's resource-rich Pilbara region may become more appealing with a major development in the region receiving the green-light.
Announcing the completion of stage one civil works at the Gap Ridge Industrial Estate in Karratha, state regional development and lands minister Brendon Grylls said construction for the next three stages had been given the go-ahead.
The next phase development, which may attract the interest of those looking for an investment property in the region, will provide 41 land lots ranging in size from 2,000 sq m to six hectares.
Mr Grylls said the Gap Ridge Industrial Estate covered 260 hectares in total, providing significant business opportunity to industrial companies in states Pilbara area.
He commented: "The estate, being developed by LandCorp through the government's Pilbara cities initiative, has become another Pilbara success story with only a few lots remaining in the first stage.
"A total of 120 ha of the 260 ha estate has so far been released and already 32 companies are set to call Gap Ridge home."
Supporting some of the $129 billion worth of projects underway in the region, Mr Grylls said the industrial estate would boost the local industry and create more job opportunities in the Pilbara.