Project Overview
Capricorn Village Joint Venture is the developer of the Capricorn at Yanchep beachside community which will house 8,000 people in 3000 dwellings to be developed over 10-15 years.
Capricorn Village Joint Venture is a joint venture between Tokyu Corporation’s wholly-owned subsidiary Yanchep Sun City Pty Ltd and the Capricorn Investment Group Pty Ltd, owned by a branch of the Smorgon Family (Escor) and the Selpam Group from Melbourne.
The Tokyu Corporation’s Yanchep and Two Rocks landholding is over 5,500 hectares in area. It is the largest single parcel of urban land in metropolitan Australia.
Capricorn at Yanchep is the first parcel of the landholding to be developed, covering an area of 220 hectares. Its development is managed under the umbrella of the Capricorn Structure Plan.
Capricorn Structure Plan Highlights
- Population 8000 residents
- Project Construction Period: 2005-2015
- Total land and housing construction cost: $750 million
- Residential lots: 2700 approx
- Construction of Bethanie Beachside village incorporating a 160-bed nursing home
- Creation of Village Centre including commercial and retail facilities
- Establish two primary schools
- Establish one high school
- Create a hotel/resort
- Set aside approx 17ha of public open space
The entire Yanchep and Two Rocks landholding of over 5,500 hectares will be developed in accordance with the Yanchep and Two Rocks District Structure Plan.
Yanchep and Two Rocks District Structure Plan Highlights
- Home to 155,000 residents in 66,000 households
- Employment of up to 55,000 people
- Combined area of 155ha for playing fields and open space
- Connecting to Perth with the regional rail service and extension of Marmion Avenue and Mitchell Freeway
- Commercial and retail facilities
- Regional playing fields
- Indoor sport/recreation centre
- Public golf course
- Construction of high schools
- Establishment of a tertiary education institution
