Perth

Warburton Group land-banks in Perth's southern corridor for $12m

WA developer Warburton Group has purchased a 75ha grazing and cropping property in the rapidly transforming suburb of Baldivis in Perth’s southern suburbs for $12 million.

17 Jul 2018

WA developer Warburton Group has purchased a 75ha grazing and cropping property in the rapidly transforming suburb of Baldivis in Perth’s southern suburbs for $12 million. 

Located at 1261 Mundijong Road, the rural zoned property comprises six freehold titles, previously operating as a grazing and cropping enterprise for cattle and hay production. The neighbouring property is a long-established garden supply business.  

CBRE’s Phil Melville, who negotiated the sale process on behalf of vendor Landcorp, said the property’s central position in Perth’s growing southern corridor attracted strong buyer interest. 

“Situated nearby a 330ha parcel of land purchased by Stockland in 2017, this property represents an outstanding land-acquisition opportunity, with future potential to capitalise on its underlying land value,” Mr Melville said. 

“Bordered by Kwinana Freeway, Mundijong Road, St Albans Road and Pug Road, this is a prime location for future development, with areas in proximity to the property zoned residential.” 
 
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.