25 Feb 2011: Investa Property Group has this week announced a major push into the Western Australian and Northern Territory market with plans to expand their land development portfolio, particularly into the North-West of Western Australia.
Investa is one of Australia’s largest owners of real estate, managing or controlling assets worth approximately AU$7.4 billion* across the commercial, residential and industrial sectors. Their development pipeline exceeds AU$3.5 billion across these sectors, and includes more than 9,000 residential lots, and over 500 hectares of industrial land.
Recognised as a world leader in sustainability for over 10 years Investa was awarded one of Australia’s most prestigious sustainability awards, the Banksia Climate Change Award in 2008, and in 2010 won the prestigious Green Globe award for commercial property sustainability.
In Perth Investa companies own a 50% interest in the Harry Seidler-designed, premium-grade office building QV1, at 250 St Georges Terrace, as well as an office tower at 80 Stirling Street, Perth. Land developments include the lifestyle residential community Equis Lake, at The Vines in the Swan Valley, and a 470 lot development at Mundijong, currently in the planning stage.
Equis Lake has been sensitively designed to integrate with its natural surroundings, with a third of the estate dedicated to parks and recreational areas, including a kid’s playground, walking trails and wide open spaces.
Situated in Western Australia’s oldest wine region, and close to a range of quality restaurants, cafes and wineries, it provides residents with the best of both worlds – a lifestyle in an idyllic country setting, but just minutes from excellent retail, medical, educational and community facilities. Land lots at Equis Lake start from just $215,000.
In Western Australia Investa has identified the key growth corridors of Karratha, Port Hedland and Broome as areas of interest for residential development, based on their growth potential off the back of the strengthening resources sector, and the subsequent high levels of housing demand in these areas, which in general are chronically undersupplied.
“We’re not shy of being a first mover into emerging areas that we see as key growth corridors, and where our scale, development experience and sustainability credentials can deliver the right solution,” said Lloyd Jenkins Group Executive of Investa Land for Western Australia and the Northern Territory.
“Affordability in some of the iron-ore rich towns like Karratha and Port Hedland is already at record lows. Coupled with the anticipated population growth in WA of 550,000 people over the next 20 years, creating demand for approximately 328,000 new dwellings, securing good sites early is vital.”
Investa Property Group’s expansion activities commenced in December 2010 with the announcement of their partnership with Defence Housing Australia, to deliver a new master planned residential community in the northern Darwin suburb of Muirhead. One of the largest residential projects to be undertaken in Darwin to date, the Muirhead community will comprise approximately 1,200 dwellings in total, with the first stage set for release in late-2011.
Central to Investa’s residential communities are their future-proofing for long-term environmental performance. With extensive planning conducted before the first soil is turned, into energy and water use and re-use, waste management, ecology and the natural environment, and community-based initiatives.
“Investa’s long history of sustainability research, and work in improving the environmental performance in the built environment, places us in a strong position to deliver residential communities that are appropriate for the climate they are in,” says Beck Dawson, Sustainability Manager at Investa.
“We spend a lot of time understanding the unique climate and environmental factors that exist in each location well before any construction works commence on-site. Tropical or regional locations require a certain set of considerations to ensure that we deliver an integrated, sustainable solution relating to ecology, water and energy use, waste management, and the built form, to ensure our communities are comfortable, secure, sustainable places for people to live, says Ms Dawson.”