Northern Gateway Industrial Fund
The Northern Gateway Industrial Fund holds 350 hectares of industrial land located in the north metro corridor at Bullsbrook and Muchea, 32 kms and 45kms respectively north-east of Perth’s CBD.
Strategically located on the key road and rail transport corridor to the main mining, oil and gas, and agriculture region of WA, the land has recently been rezoned for industrial use. NorthLink WA (due late 2019) and Perth-Geraldton rail freight corridor passes immediately to the west and intersects both land holdings.
Northern Gateway Industrial Park is centred on Harvis’ view of a recurrent shortage of large-lot industrial land in the Perth metropolitan area and an accompanying positive outlook for the distribution, freight and logistics sector in WA. With unapparelled road and rail infrastructure and in the north corridor where two thirds of the State’s freight by volume passes annually, the project is ideally placed to service key industry.
Since achieving the rezoning to industrial land (2013 and 2015) and gaining 49% investment partner Goldman Sachs (2016), the Fund’s approach has been to add value by undertaking further strategic planning initiatives including the delivery of a major intermodal freight terminal at Bullsbrook. A first stage land release at Muchea is timed to coincide with the completion of NorthLink WA in 2019.