Lend Lease is revealed as the preferred developer for one of the largest coastal developments ever undertaken in Perth.
Located in the rapidly growing northwest metropolitan corridor, 40 kilometres north of the Perth CBD, Alkimos will be one of the largest coastal developments ever undertaken in Perth, with up to 10,000 dwellings upon completion.
This will be Lend Lease’s first major project in WA since launching in the state two years ago.
The precinct, along Perth’s sprawling shoreline, is expected to be home to around 50,000 people by 2040. The Atkimos project will include around 30 per cent open space and will take around 20 years to be completed.
The initial 224 hectare stage will include 2,500 dwellings at a value of more than $400 million.
The project will be developed in partnership between Lend Lease’s subsidiary, Delfin Lend Lease and LandCorp, the Western Australian Government’s land development agency.
Lend Lease CEO and MD, Steve McCann, said the company is delighted to have been selected as the preferred proponent.
A range of initiatives, including environmentally sensitive design, recycled water use, education partnership models and local job creation initiatives, will “lead the way in community creation”, McCann said.
