Mirvac is expanding its WA portfolio, acquiring an 83ha site in Perth’s north-east corridor that could yield 1200 residential lots.
The property, on Yarrimbah Drive, South Bullsbrook, was bought from multiple landowners for an undisclosed amount.
Bullsbrook has been identified as a priority precinct under the WA Government’s North-East Sub-Regional Planning Framework. Mirvac’s site is 500m from land slated for a district centre.
The township has undergone several planning changes since 2018, which will guide the suburb, 32km from Perth, as it evolves from greenfield to residential.
Mirvac development chief executive Stuart Penklis said the acquisition supported Mirvac’s strategy to expand its residential footprint in key growth corridors across Australia.
“Bullsbrook is undergoing a major transformation, with significant infrastructure investment and a growing population,” Penklis said.
“This latest acquisition in WA allows us to bring our placemaking expertise to a region that’s primed for thoughtful, sustainable development.”
Mirvac WA development director David Parsons said the project followed its Henley Brook community, acquired in 2018 and now in its final stage.
The 53ha Henley Brook development has a project value of $304.7 million and created 882 lots at the site 22km north-east of the Perth CBD.
