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Binningup
LAKES PARADE, BINNINGUP, WA
DESCRIPTION
Mirvac has entered into a development services agreement to transform 270 hectares of land located alongside the existing Binningup town site (in Western Australia's South West region) into a vibrant coastal community. The site features over 3kms of frontage to the Indian Ocean and an existing nine-hole golf course. Mirvac is currently working through the structure planning process to deliver a vision for the site including a mix of land lots and a coastal village featuring a range of mixed use facilities.
| SUMMARY INFORMATION – 31 December 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Jan 08 | |
| LOCATION | Binningup | |
| PROJECT VALUE (INCL. GST) | $9m | |
| TOTAL LOTS | 42 | |
| PROJECT PERIOD | mid 2009 – mid 2013 | |
| OWNERSHIP STRUCTURE | PDA with Binningup Nominees | |
UPDATE
Activity in progress consists of existing land subdivision at Lakewood Shores. In July 2011, proposed masterplanned community received its EPBC Federal Environmental Approval and was rezoned to "Residential Development". The Local Structure Plan will be advertised in February 2012 and is expected to be formally adopted in May 2012.