Image: 146 Maddington Road WA
Leading Australian gold miner Westgold Resources Limited has committed to a long-term lease for an 8,755 sqm premium-grade warehouse and distribution facility at 146 Maddington Road, Maddington, WA. Cushman & Wakefield facilitated the transaction.
The facility, developed by Capital Prudential, is approximately 21km southeast of the Perth CBD, with the deal being brokered by Cushman & Wakefield’s WA Logistics & Industrial team.
Nick Goodridge, Cushman & Wakefield’s National Director, Head of Logistics & Industrial – Western Australia said:
"Maddington is widely regarded as a core industrial location forming part of Perth’s premier eastern corridor which provides unrivalled connectivity to major transport links and proximity to Perth’s thriving southern corridor residential catchments.”
“146 Maddington Road is a significant and strategically positioned facility in one of Perth’s most established industrial zones,” he said.
“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 is an alternative asset manager, specialising in disciplined real estate development. Capital Prudential is focused on creating investment opportunities while providing capital solutions to mid-scale property developers across the specialty commercial, industrial and boutique residential sectors in Australia.
Jarrad Haynes, Managing Director at Capital Prudential said
“This significant milestone aligns perfectly with our 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."
