$3.8bn mixed-use development in WA now underway

Monica Gameng   |   May 1, 2018

Works are now underway on Stage 1 of Golden Group’s $3.8 billion Belmont Park redevelopment in Western Australia’s Burswood Peninsula.

The multi-billion dollar mixed-use development is located on 36 hectare site beside the Belmont Park Racecourse. The project will transform the peninsula to feature 4,500 residential apartments, retail and office spaces.

“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,” Premier Mark McGowan said.

Belmont_park_2-1500x1125Artist impression (source: Golden Group)

Stage 1 of the Belmont Park project will include the construction of approximately 1,500 new apartments as well as 6,000-SQM of retail space and 20,000-SQM of commercial space - which will be built directly across the Optus Stadium.

According to Golden Group Managing Director Andrew Sugiaputra, the project will include developing six super lots within the first precinct as well as road upgrades, bridge works and foreshore developments that will feature a private jetty - which has the potential to be extended into a public jetty - and a rowing club.

“Our plan is to build up a connected community,” Mr Sugiaputra said.

Belmont_park_5-1500x923Artist impression (source: Golden Group)

The preferred builder to deliver this massive project is expected to be announced by August of this year, with construction on the first stage projected to take up to 15 months to complete.

The entire Belmont Park project is expected to take up to 20 years to develop, injecting up to $10 billion into the local economy and creating more than 25,000 local jobs.

The development is situated next to the train line, making it have excellent connectivity and access to the CBD, airport, sporting and entertainment precincts. Belmont Park will also be benefitting from the METRONET expansion and upgrade.

“It is almost unheard of to find land like this, being so close to the city (about 3.5 kilometres from the CBD) with beautiful waterfront views.

“And you’ve got the race track in the middle, the train station, the new stadium, Crown Towers… all of the entertainment and event precincts right next door,” Mr Sugiaputra added.

What do you think of this massive WA development? Let us know your thoughts in the comments section below.

Don’t forget to subscribe to Felix Project News today to receive the latest industry news and project updates straight to your inbox.

Source: Business News WA, Government of Western Australia, The West Australian

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Thiess wins $225m mining services contract for Rocky's Reward mine in WA

Thiess - a CIMIC Group member - has been awarded a $225 million contract to continue providing mining services for BHP Nickel West at the Rocky’s Reward mine - located at Leinster, approximately 400 kilometres north of Kalgoorlie, Western Australia.

Thiess wins $190m mining contract at Leinster mine WA

CIMIC Group’s mining services provider Thiess has been awarded a $190 million contract by BHP Nickel West, extending Thiess’ operations at the Leinster underground nickel mine in Western Australia’s northern goldfields, about 370 kilometres north of Kalgoorlie.

Mining services contract for WA Mount Holland mine awarded to Thiess

Covalent Lithium has awarded CIMIC Group company Thiess with a contract that will get the company to deliver mining services at the Mount Holland Lithium Mine in Western Australia. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders