LandCorp pays $100k Stamp Duty for new business in Broome Road Industrial Park - Dec 2 deadline

Written on the 12 October 2016

LandCorp will pay up to $100,000 for stamp duty forindustrial lots sold as part of a new campaign to encourage businesses to expand or relocate to industrial developments across the state.

The offer applies to the first 10 lots purchased from participating regional and metropolitan estates that settle within 90 days and is availableuntil early December.

The campaign is designed to stimulate new investment in 19 regional and four metropolitan industrial estates.

LandCorp Chief Executive Frank Marra said LandCorp had a long history of developing industrial land for business and employment, which helped support jobs in local communities.

LandCorp estates accommodate some 2,700 businesses that directly employ 67,000 Western Australians, while current and future estates will provide a home for a further 2,000 businesses that will employ 42,000 people, with an annual economic impact of $14.4billion.

"LandCorp's investment in the development of industrial land across Western Australia has helped underpin decades of economic prosperity and supported the creation of thousands
of new jobs," Mr Marra said.

"Industrial estates at the Burrup Peninsula, Kalgoorlie, Albany, Pinjarra and Kemerton, as well as Kwinana, Wangara, Cockburn and Canning Vale, have played an important role in realising the potential of regional locations and suburbs across our city.

Mr Marra said LandCorp planned, designed and delivered strategically located economic and employment land developments, both for commercial use and for light and heavy
industry.

"We realise the potential of Western Australia's economy and promote trade and employment opportunities throughout the state by supplying land for jobs," Mr Marra said.

"This campaign is an opportunity for LandCorp to assist any state, national or international business to locate or expand in areas across WA.

"No matter what your business is, or its size, talkto us and we will find the right estate for you. We have a wide range of lots suitable for everyone from individual operators right up to large-scale businesses."

Mr Marra said the campaign highlighted the range ofland options across the state, including in regional areas in a variety of lot sizes.

"We have an economy that is supporting a mineral and petroleum industry worth $99.5billion, $17 billion worth of new infrastructure isplanned , and by 2028, Perth will be Australia's 3rd most populated city," Mr Marra said.

"This is good news for industrial sectors such as transport/logistics, construction, manufacturing, and other industrial uses.

"LandCorp works with Government and other entities to make sure there is a sufficient long-term supply of land to allow this industrial investment and activity to take place."

The offer was particularly useful for small and medium-sized businesses who would benefit most from stamp duty relief.

"We're dedicated to driving WA's economic growth bymaking the transition to new or expanded industrial premises easier for businesses," Mr Marra said.

"We are showing this support by providing stamp duty relief, through the range of lots we have on offer, and by offering providing experienced in-house industrial specialists to help all types of businesses invest and expand today."

The offer is available until Friday 2 December 2016.

For more details, visit landcorp.com.au/stampduty