Project value: >$200.0 million
Sirona assembled over 350Ha of rural land north east of Perth in Bullsbrook and Muchea. The properties were rezoned for industrial use in 2013 and 2015 respectively.
In 2015, Sirona sold a 49% interest in the projects to Goldman Sachs, generating an exceptional 300% return investors. Connectivity to Perth’s road freight network will be established with the delivery of the $1.4B Government funded Northlink WA, due for completion by mid-2020.
Once launched, the two industrial parks will become a hub for distribution and logistics as well as major service centres for large mining and transport businesses with operations in the State’s north west. Management of the Fund was transferred to Sirona spin-off, Harvis, in July 2018.