Between $35 billion and $40 billion of warehouses, apartments, offices, shops and hotels will be needed around Port Adelaide and south-west Perth over the coming years to support the construction and operation of the AUKUS nuclear submarines, according to analysis by CBRE.
The commercial real estate firm is forecasting about 1 million square metres of warehouses will be required as part of the infrastructure to support the enormous defence project.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
