Old Swan Brewery sales reflect market demand
September 2, 2014
High demand has seen large amounts of land at the former Swan Brewery site in Canning Vale sell off market.
The 39-hectare Swan Brewery Industrial Estate subdivision will deliver lots sized from 1,200 square metres to 3 hectares. The site is being developed by Hesperia for Swan Brewery owner Lion, one of the Australasian region’s biggest food and beverage companies.
Hesperia director Ben Lisle said the historic lack of supply in Canning Vale had generated interest from builders, developers, investors and owner occupiers.
“We anticipate the subdivision will accommodate a similar range of business to those in the surrounding Canning Vale area with an emphasis on warehousing and distribution,” Mr Lisle said.
The Canning Vale industrial area is close to business centres and well connected to Fremantle Port, Perth airports and regional centres by major arterial roads.
Project selling agent Raine & Horne Commercial director Anthony Vulinovich said the area’s central location made it highly sought-after for businesses seeking an industrial base
“While demolition work was under way we undertook off-market discussions with a number of potential buyers,” Mr Vulinovich said.
“Initially the intention was to deal on stage one only, but the response was so strong the majority of stage one and two were sold.”
Mr Vulinovich said early buyers had taken advantage of the chance to secure custom- designed premises for lease or occupation in a location where there had been a shortage of supply in the past decade.
“The land sale represents about one-tenth of Canning Vale’s industrial land,” he said.
“The land prices are reasonable…and offer a strong incentive to buyers to commit off-the-plan.
“If you compare it to other prime commercial-industrial areas such as Balcatta…Osborne Park…and Welshpool…we offer excellent value and room for growth.”
Titles at Swan Brewery Industrial Estate are expected in April for stages one and two, and in June or July for stage three.