This article is from the Australian Property Journal archive
GOLD miner Westgold Resources has signed a long-term lease in Maddington in Perth’s southeast.
Westgold has leased 8,755 sqm of space for a distribution and warehouse at 146 Maddington Road Maddington, approximately 21km from the CBD.
The deal was brokered by Cushman & Wakefield’s on behalf of Capital Prudential.
Cushman & Wakefield national director and head of logistics & industrial Nick Goodridge said Maddington is widely regarded as a core industrial location forming part of Perth’s premier eastern corridor.
“146 Maddington Road is a significant and strategically positioned facility in one of Perth’s most established industrial zones.
“The quality of the accommodation at 146 Maddington Road was a key driver in securing this major transaction, and a testament to both the developer and their builder Alita Constructions in delivering this first-class industrial asset,” Goodridge said.
Capital Prudential managing director Jarrad Haynes said the development aligns with the company’s strategic focus on investing in locations that demonstrate strong underlying fundamentals, such as the robust Western Australian market.
“The calibre of tenant in Westgold underscores the strength and resilience of the WA economy and reflects the quality of our investment approach. This lease reinforces our commitment to delivering long-term value through carefully considered investments in key growth regions.” Haynes concluded.
