The Property occupies a strategic location within close proximity to the town centre of Newman, the largest regional town in the Shire of East Pilbara and the third-largest in the Pilbara. The town is accessed via the Great Northern Highway approximately 1,186km north of Perth and 456km south of Port Hedland.
Newman was originally built in the late 1960s by a subsidiary of BHP Billiton, Mount Newman Mining Company, and is home to the world’s largest open-pit iron ore mine, BHP Billiton’s Mount Whaleback.
The town is fully serviced with a shopping centre including Woolworths and a number of specialty stores, banking chambers, primary and high schools, a medical centre and various accommodation amenities. Qantas and Virgin operate daily services from Newman to Perth, connecting to destinations throughout WA and Australia.
Newman has a long history and association with mining in WA and the town of Port Hedland and is a critical service centre for some of the world’s biggest iron ore projects. As such, the State Government has introduced a number of initiatives to support and build a more sustainable economy and diverse community with a greater sense of permanence.
These projects include the $40 million revitalisation of the Newman Town Centre, the Gateway Commercial Centre, the Light Industrial Area and the part BHP funded $59.75 million redevelopments of the existing Newman Hospital.
Other infrastructure projects in the area include the $30 million BHP funded shopping centre nearby the hotel which is currently under construction with completion expected later this year.
The Pilbara region, located in northern Western Australia, accounts for 20% of the state’s total landmass with a population of 67,000 people.
In the last decade, the Pilbara has been the powerhouse of economic growth for Western Australia and the nation. Its proximity to Asia and extensive resource endowments have resulted in the Pilbara being recognised as a region of global significance.
The Pilbara will remain a significant contributor to state and national economies with an estimated $171 billion worth of resource projects under construction or in the committed stage of development. These include $14.4 billion of the Pilbara’s major iron ore projects. A further $110 billion has been identified as being allocated to, planned, or possible projects in the coming years.
The Pilbara is well renowned for its stunning natural landscapes, national parks, and cultural and heritage attractions including the extensive 627,422ha Karijini National Park. With over 700,000 visiting the region each year, tourism injects $362 million into the local economy. Of the Pilbara region’s total output of $50.3 billion, it is estimated that $452 million is generated from tourism.