ASX-listed WestStar Industrial’s subsidiary Distinct Developments has won a contract to design and construct a commercial mixed-use development in West Perth.
Located at 24 Prowse St, the development has a total construction value of $9 million. The building will comprise two levels of commercial office space, five levels of apartments consisting of 20 units.
As part of the agreement, Distinct will provide a line of credit facility to the project owner to fast-track the development program. Distinct will generate a minimum of $1.26 million of revenue over the period to project completion.
Australian Property Journal