The first stage of the $3.8 billion multi-use redevelopment at Belmont Park in Western Australia is now underway.
The first stage of the project will see the creation of 1,500 new apartments, 6,000 square metres of retail space and 20,000 square metres of commercial space.
Over the 20-year life of the project, developers Golden Group expect $10 billion to be injected into the economy and more than 25,000 local jobs to be created.
Located directly next to the train line, the redevelopment will have excellent connectivity and access to the central business district, airport, sporting and entertainment options, and will greatly benefit from the expansion and upgrade of METRONET.
WA Premier, Mark McGowan, said the redevelopment will continue to revitalise 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,” Mr McGowan said.
“This precinct will benefit enormously from the public transport network already in place and as the community grows, it will benefit from easy connections to other metropolitan precincts and urban centres via METRONET.
“METRONET is more than just a public transport network – it will link diverse urban centres, provide opportunities for greater density development and create thousands of local WA jobs.
