LandCorp is the State Government's land development specialist. It operates on a commercial basis but seeks to balance financial, social and environmental outcomes and the legacy of a better world for future generations.

LandCorp's operations extend throughout the State, with more than 40 per cent of projects located outside the Perth metropolitan area.

LandCorp provides:

• Industrial land - sufficient well-located and environmentally responsible industrial land to support the State's economic expansion.
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• Urban land - transit-oriented developments centred on transport hubs, urban renewal and infill projects, major community and tourism-related infrastructure projects and residential, commercial and light industrial land in the State's country towns.
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• Government asset management - expertise and project management services in the acquisition, redevelopment and disposal of surplus government property assets, management of facilities and the clean-up of contaminated sites.
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Economic impact

According to research carried out by Curtin University's Institute for Research into International Competitiveness, for every $100 million that LandCorp invests in its projects, more than $500 million worth of activity is stimulated in the wider economy. It also creates more than 3000 full-time equivalent employment opportunities, contributes $43 million in State taxes and $112 million in household income.

Returns to Government

LandCorp's first 10 years of operation has made a valuable contribution to the State's finances, with dividends, stamp duty and tax equivalents totalling in excess of $200 million.

Size matters

With turnover of $145 million in 2002-03 and assets of around $400 million, LandCorp has the financial muscle to take on the most complex projects and to lead the way in delivering broader benefits to the State. Harvest Lakes, for instance, is proving a catalyst for sustainable development initiatives while Mandurah Ocean Marina is expected to increase the tourism spend in the Peel region by $60 million over five years.

History

LandCorp was created in 1992 through the amalgamation of the Joondalup Development Corporation, the Industrial Lands Development Authority and the residential development operations of the Western Australian Development Corporation.

Leading projects include:

• Joondalup - planning and development of as the most important urban centre outside of the Perth CBD.
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• Mandurah Ocean Marina - a $58 million development that has raised the Peel region's profile and capacity to accommodate tourists, while setting new benchmarks in marina development and land values.
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• Marlston Hill - demonstrated a market existed for high-quality inner city developments in WA's regional centres. The Marlston project won a national industry award for urban development, revitalised the Bunbury CBD area, provided a tourism icon and attracted new businesses to the city.
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• Canning Vale Industrial Estate - raised the bar in the quality of industrial land development and is now home to some 8000 jobs.
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• Australian Marine Complex - a marina, defence and resources industry-related engineering and fabrication cluster that is home to a world-class shipbuilding industry and has the facilities to attract engineering work associated with the State's expanding oil and gas sector.
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• Minim Cove - the remediation of a blighted area of land alongside Perth's iconic Swan River, resulting in an award-winning residential subdivision and the restoration of the foreshore to public use.
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• Hope Valley Wattleup Redevelopment Project - one of Australia's biggest industrial redevelopments which will support the growth of industry in the Fremantle to Rockingham corridor and offer opportunities for sustainable industrial development.
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