An agreement between Delfin Lend Lease and LandCorp has been reached to progress the first stage and master planning of Alkimos, the largest coastal development north of Perth in 50 years.

Located 40 km north of Perth’s CBD, the Alkimos Eglinton area will provide land and homes for a new community of 50,000 people, equating to 40 per cent of the land required in the North-West Corridor over the next 20-25 years.

Announcing the agreement, WA Minister Brendon Grylls says the Alkimos development formed part of the Government’s response strategy to the shortage of housing, particularly in view of Perth’s predicted population growth to 3.86 million by 2051.

Development of the initial 224 hectares at Alkimos is expected to start in 2011 and will include around 2,500 homes, with the first residential land to be released for sale in the same year.

The first stage will take up to seven years to complete and up to 20 years to develop the entire 710 hectare community.

It will include a major regional town centre, a coastal village, regional beach, possible marina facilities, public open space and a range of social and community infrastructure.

Alkimos will include a focus on environmentally sensitive design, recycled water use, integrated public transport systems, education partnership models and local job creation initiatives.

Delfin Lend Lease was selected from a field of local and national developers.