The airport has unveiled its plan to accelerate development on more than 2,000 hectares of non-aviation land.
Perth Airport has cemented its plans to develop more than 2,000 hectares of land around the airport, with the launch of a new property brand.
Speaking at a Property Council of Australia WA Division event last night, Perth Airport chief property officer Dan Sweet unveiled the Skyfields brand.
The entity will manage one of the nation’s largest property portfolios, with more than $1.5 billion of assets developed and a further $1.5 billion in the pipeline.
The Skyfields estates totals 2,105ha and is set to be developed across five separate precincts, including an expanded international terminal and new domestic terminal in the central precinct.
A proposed 240-room hotel is planned to be positioned near these terminals.
Land west of the airport, which includes Costco and DFO, is to be further developed into a retail, hospitality and office precinct.
A leisure and lifestyle zone is also planned for the land surrounding the airport, with large format retail, entertainment and leisure outlets.
Industrial and logistics capabilities around the airport are set to be expanded as part of the plan, with land set aside south and north of the airport for this purpose.
Speaking at the Property Council event, Planning Minister John Carey commended Perth Airport on its vision.
"Often in Western Australia ... if you look at sometimes through the 80s and 90s, we did some things half arsed ... the bell tower, I still don't understand why it's so small," he said.
"I admire the vision, the aspiration Skyfields and the Perth airport, the fact that it's re-envisioning the Perth Airport is five distinct precincts, and the opportunities that come for land development through the rationalisation should not be underestimated."
Perth airport proposed office precinct. Image: Perth Airport
Mr Sweet said Skyfields represented a clear opportunity to industry for key development opportunities.
“One of the biggest potential handbrakes on Perth’s future economic growth is a lack of developable land close to the CBD,” he said.
“Perth Airport has more than 300 hectares of developable land just 12km from the CBD, adjacent to the Kewdale Freight Terminal, and highly connected by major arterial roads, rail and of course the airport itself.”
“The benefits for business and for the WA economy are enormous. The development of land at the north of the airport is expected to generate more than $550 million of economic value and more than 1,600 jobs in the site preparation phase alone.”
Mr Sweet added that demand and interest from WA business was already high and would continue to grow.
“Perth Airport already successfully manages a diverse portfolio, with 500 leases, across aeronautical, industrial, commercial, logistics, office, and retail sectors,” he said.
