Perth Airport takes commercial land development to next level

Skyfields, the commercial property arm of Perth Airport, is launching its most significant phase of investment in nearly three decades at a 26-hectare greenfield site approved for retail, lifestyle and entertainment.

The development-ready ‘Dunreath Green’ site fronting both Dunreath Drive and Tonkin Highway marks the first major land expansion at the Airport Estate since the 1990s.

Located 15-minutes from Perth CBD and directly adjacent to the high-performing retail hub along Dunreath Drive – which already draws four million visitors annually to Costco, DFO and the neighbourhood town centre – Dunreath Green is positioned to become one of WA’s premier lifestyle and leisure destinations.

Perth Airport’s chief property officer, Dan Sweet, is confident that the initiative marks “a significant step in the long-term transformation of the estate”.

Skyfields is unlocking over 250 hectares of non-aviation mixed-use development sites over the next decade.

“The completion of site preparation works at Dunreath Green signals Skyfields’ transition into a major delivery phase,” enthused Sweet.

“The scale of this land supports uses that simply aren’t possible in a standard suburban centre. It’s a ‘blank canvas’ for drawcard developments, adventure-leisure concepts, and flagship showrooms.

“While these sorts of opportunities are increasingly difficult to find so close to the CBD, Dunreath Green will be a unique chance to create a world-class destination in Australia’s fastest-growing capital city, Perth.”

The development is viewed as a critical component of the broader Skyfields vision to develop land for high-value community and commercial use.

“With the integrated rail link, the precinct sits within a 30-minute commute for 80% of Perth’s metropolitan population,” noted Sweet.

“The scale of this opportunity is unique. We are building on an established foundation where the infrastructure and customer base are already proven.

“Our vacancy rate across our existing 600 leases is less than one percent, which demonstrates the sustained demand for high-quality, well-connected property surrounding the airport terminals.

“Skyfields has the capacity, experience and trust as a development partner to bring to life bold, creative ideas and blue sky thinking.”

Following the State Government’s release of the Draft Redcliffe Station Precinct Improvement plan, Skyfields is working to ensure the precinct becomes a natural extension of the surrounding suburb of Redcliffe, as a high-density, walkable precinct.

Sweet adds: “We are creating a destination where people can live, work and enjoy a vibrant town centre vibe, all within a $2.80 train ride from the CBD.”