TENANT BROCHURE 1 & 5 Delaney Vista, Cannington - Total ...
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OVERVIEW 1 and 5 Delaney Vista in Cannington is Agem Property Groups new significant landholding within the heart of the rapidly developing City of Canning. Bordered by Cecil Avenue, Lake Street and Delaney Vista, the site has convenient vehicle and pedestrian access and is located adjacent to an existing train station. Identified as an iconic gateway to the City of Canning, the site forms an important entry point to the newly developed Westfield Carousel Shopping Precinct. Agem Property Group plans to develop a multi-level mixed use development which is ideal for those in Medical and Allied Health, Office, Childcare, Health and Fitness, Daily Convenience, Retail and Hospitality. Medical & Retail Hospitality Office Childcare Consulting 1
LOCATION Strategically located within the Canning City Activity Centre, the site is transport oriented, development ready and zoning friendly. Benefitting from imminent development plans envisaged by the City of Canning, in addition to established amenity and infrastructure, the site provides excellent access to major infrastructure, services, and medical hubs within Perth City. Within the immediate area, there is a well- The revitalised City Centre with a rejuvenated established intergenerational community that streetscape for Cecil Avenue will anchor the area contributes to a lively neighbourhood. This, combined with a mixed-use and a pedestrian-friendly tree with strong employment, growing population, and lined street. Incorporating an inviting space for high proportion of young couples and families, people of all ages, backgrounds and professions, presents a unique opportunity to capitalise on an new streetscapes and a vibrant public realm will evolving City Centre. create a more diverse and vital City Centre, both day and night. The City of Canning has committed to creating a vibrant City Centre, they are calling it Perth’s The City Centre will feature high density residential Southern CBD. They plan to achieve this through accommodation in desirable locations near the train the implementation of a robust environmental, station and adjoining Westfield Carousel, which in social and economic platform including the following: 2018 became the largest Major Regional Shopping Centre south of the Perth CBD. Adding a level of energy to the area and helping bring the City Centre to life, the expansion of Westfield Carousel is a significant factor in shaping the success of the City Centre. 10,000 25,000 $5.2 billion $2.2 billion 1,100 Jobs, homes dwellings. new residents. of private annual economic businesses. and increased investment. output. urban amenity. 4
PERTH CBD (10KM) CURTIN UNIVERSITY ALBANY HIGHWAY BENTLEY HOSPITAL (1.6KM) 65,000+ DAILY TRAFFIC SEVENOAKS STREET 15,000 + DAILY TRAFFIC CANNINGTON LEISUREPLEX (700M) CANNINGTON COMMUNITY COLLEGE (480M) SEVENOAKS SENIOR COLLEGE (200M) CECIL AVENUE SMART ROAD 10,000 + DAILY TRAFFIC WESTFIELD CAROUSEL (500M) CANNINGTON TRAIN STATION GREYHOUNDS WA (700M) PERTH AIRPORT (6KM) 5
AREA Located in Perth’s South-East, just 12 kilometres from the CBD. The City Centre currently caters to nearly one third of the city’s population with the Total Trade Area population exceeding 655,000 and a total accessible market of 1.2 million residents. The City Centre also benefits from its close proximity In 2020 with more than 11.5 million annual visits the to two of Perth’s major university campuses, Curtin total retail spend by the Westfield Carousel Total University’s Bentley Campus and the South Street Trade Area was estimated at $9.3 billion, with the Campus of Murdoch University. total retail spend per capita for the Total Trade Area estimated at $14,192, broadly in line with the Perth Metro average ($14,493). DEMOGRAPHICS Cannington is a multicultural city, with 70% of its Cannington is located within the fast-growing south- residents born overseas and 55% of households east corridor that is forecast to grow by 160,000 speaking a language other than English. people over the next 20 years. The city also boasts having a young demographic with the average age Top countries of birth (outside of Australia) Include: being of a ripe 30 years old compared to the states average of 36 years old. This adds to the significance of the area being young and upcoming, with a lot of growth forecasted over the next few decades that will see Cannington emerge to be Perth’s “southern CBD”. India 12.4% China 5.9% Indonesia 3.1% Malaysia 3.8% Philippines 4.6% 6
CANNINGTON FUTURE ACTIVITY CENTRE & CECIL AVENUE SMART STREET The sites sit within the City of Canning’s City Centre The Concept Plan for Cecil Avenue East includes: Activity Plan which is primed for major upcoming development. The City of Canning has committed to • Dedicated bus lanes which can also be used by over $70 million in public realm and infrastructure cyclists and taxis. works. Cecil Avenue is set to become a major • Wider footpaths for a pedestrian-friendly street. thoroughfare of the new City Centre, with significant works already underway to create a new main street. • Big trees to increase tree canopy on Cecil Avenue. • Rain gardens and points of interest for the public “Cecil Avenue East is the next phase of the City to enjoy e.g., public art. Centre Regeneration Program – a 10-year, $76 million project that aims to turn Canning into Perth’s • Smart infrastructure including technology for southern CBD.” augmented reality, free Wi-Fi, public mobile charging stations and interactive street and furniture lighting. • Traffic signals will also be installed at the Lake Street intersection to improve safety, as it is planned that in the future Lake Street will be extended to Wharf Street. 7
CANNINGTON FUTURE CONT. URBAN STREAM As part of Canning’s City Centre Regeneration The Urban Stream will: Program, the City has committed to creating an Urban Stream that will extend along the southern • Mimic a natural waterway and remove pollutants border of the sites. The intent of the Urban Stream is from stormwater. to not only serve as an entry point to the City Centre, • Be a new open public space. but also help connect adjoining developments and provide alternative pedestrian pathways, linking the • Be a key entry way into Canning’s City Centre. bus/train station at the East end of Cecil Avenue, and • Be a pedestrian link from Lake Street to Cecil to Westfield Carousel Shopping Centre to the West. Avenue. 8
AGEM PROPERTY GROUP AGEM Property Group are the developers for this project AGEM Property Group are a dedicated team of AGEM Property Group invest in all segments of the experienced asset managers, builders, developers, property industry and have the expertise to invest accountants and lawyers co-investing alongside their across the asset life cycle. investment partners in every fund. This alignment, breadth of experience, active management style and AGEM Property Group understand property disciplined investment process are the cornerstones investment and have a strong track record of of their business. delivering outstanding value. AGEM.COM.AU 9
AGENT DETAILS BRETT WILKINS MARK GALLIGAN 0478 611 168 0408 631 260 COMMERCIAL 10
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P: +61 8 9240 8632 E: info@agem.com.au AGEM.COM.AU DISCLAIMER The information contained in this document is current as at the date it was issued to you (“Preparation Date”). After the Preparation Date, the information contained in this document may change from time to time. AGEM is not obliged to update the information contained in this document should that information change. AGEM, its directors and advisers do not guarantee the performance of AGEM investments. Whilst this document includes information about AGEM, its content is not exhaustive and should not be considered as such. To the extent permitted by law, any projections, trends and forecasts given in this document are for illustrative purposes only using those sources as described. They are based on the opinions of, and the assumptions and qualifications made at the Preparation Date. Actual results may be materially affected by changes in economic and other circumstances. Any reliance placed upon the accuracy of any projections, forecasts and other information provided in this document, and the appropriateness of opinions, assumptions and qualifications used, is a matter for your own commercial judgment. No representation or warranty is made that any projections, forecasts, values, assumptions or estimates contained in this document can or will be achieved.
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