Asset Summary
Bayswater, WA
Sold
40 ha
94
Tonkin Highway Industrial Estate was created from a significant landholding brought to market in 2016, when industrial land close to the Perth CBD was in limited supply.
Formerly a fertiliser factory for more than 65 years, the site was contaminated and required amendments to the scheme and subdivision approval before redevelopment could proceed.
Hesperia identified the site’s long-term potential and undertook a complex, large-scale remediation program, securing all necessary work approvals and managing the environmental clean-up alongside bulk earthworks, civil construction and landscaping. The full delivery program was completed in less than two years from acquisition, with half of the estate delivered within just 15 months. This timeframe included structure plan amendments, subdivision approval and remediation works.
Despite launching during a challenging economic period, the market response was strong. Approximately two-thirds of the estate’s 94 lots were sold within the first two years, and all lots were sold within three years.
Significant industrial development
Acquisition to completion in just two years
Large-scale remediation required
Industrial News
Sustainability Performance at Hazelmere Interchange
Hesperia's approach to development is guided by our Sustainability Strategy, which outlines our response to sustainability focus areas.
Hazlemere Interchange Expands as Major Facilities Reach Completion
Hesperia will continue to meet strong tenant demand for purpose-built industrial facilities throughout Hazelmere by activating an additional 20 hectares of industrial land, bringing the value of Hesperia’s Hazelmere portfolio to more than $550 million.
Two New Facilities Open at Hazelmere Interchange
Hesperia is pleased to announce the completion and opening of two industrial facilities in late 2025, strengthening Western Australia’s temperature-controlled and cold-chain logistics capacity. The new Toll Healthcare and Lindsay Transport warehouses strengthen the state’s growing logistics corridor and support long-term operational efficiency.
140 & 160 Adelaide Street Receives WA’s First 5 Star Green Star ‘Buildings’ Certification
Hesperia’s first completed development at Hazelmere Interchange, 140 & 160 Adelaide Street (formerly 71 Stirling Crescent), has been awarded Western Australia’s first 5 Star Green Star 'Buildings' certification under the new Green Star Rating Tool.
Hazelmere Interchange Awarded Waterwise Development Gold Endorsement
Hazelmere Interchange has been recently awarded a Waterwise Development Gold Endorsement, building on the 6Leaf EnviroDevelopment Certification achieved last year.
Sod Turned on New Hazelmere Warehouses for Weir Minerals and Lindsay Transport
Construction has officially commenced on two separate facilities at Hazelmere Interchange, set to accommodate major tenants Weir and Lindsay Transport.
Hesperia Boosts Industrial Presence Despite Western Australia’s Tight Market
The demand for industrial property in Western Australia shows no signs of slowing, with limited supply driving intense market interest. In response to the critical shortage of industrial land, recent planning reforms by the Environmental Protection Authority (EPA) and the WA Government have been praised by industry leaders for unlocking essential supply and streamlining development processes. Key changes include simplified procedures, new development pathways, enhanced digital tools, and improved decision-making through dedicated Development Assessment Panels.
Silk K2 Celebrates 6 Star Green Star Facility at Roe Highway Logistics Park
In collaboration with tenant Silk Contract Logistics, Hesperia has successfully achieved Western Australia’s second 6 Star Green Star (Design & As-Built) industrial facility at 106 Logistics Boulevard in Kenwick, within the Roe Highway Logistics Park. This facility is one of only a few in Australia to achieve this prestigious sustainability certification. Spanning 24,000sqm, the $40m Silk K2 facility includes a 700sqm two-storey office, two 100sqm dock offices, a 3,250sqm super canopy, and a 7,350sqm container-rated hardstand.
Kenwick Intermodal Terminal Officially Opens
The Kenwick Intermodal Terminal was officially opened this week, marking a significant step towards more efficient and sustainable operation of Perth’s freight and logistics network.