What Hesperia does

Hesperia is a privately held Western Australian property developer formed in July 2020 through the merger of Fini Group (Adrian Fini) and Linc Property (Ben Lisle), launching with approximately $1 billion of projects under development. The company develops across five property classes — industrial, commercial, residential, retail, and social infrastructure — operating from its Subiaco headquarters with a 51-100 person team. Its portfolio includes large-format industrial estates (Roe Highway Logistics Park at 75 hectares, Northlink Industrial Park at 80 hectares, Hazelmere Interchange, Tonkin Highway, Trident Industrial Estate), masterplanned residential communities (Rivermark, Botania Park), mixed-use commercial and healthcare precincts (Murdoch Square, Murdoch Health and Knowledge Precinct, ABN Building), heritage redevelopments (Victoria House, Coogee Common), retail centres (South Central and Midland Central with Satterley), and social infrastructure (WA Children's Hospice, Orthonova Orthopaedic Hospital).

The underlying technology stack is centered on sustainable construction rather than software: 18 months of joint R&D with Boral produced ENVISIA low-carbon concrete reducing embodied carbon by up to 42%; the Roe Highway estate integrates 2MW of solar (scalable to 17MW), on-site water recycling, and native revegetation; and multiple projects carry EnviroDevelopment 6-Leaf, Waterwise Gold, and 5/6-Star Green Star certifications. Hesperia is the first Certified B Corporation in the WA property industry and a WorldGBC Net Zero Carbon Buildings Commitment signatory, with a $95 million Clean Energy Finance Corporation investment underwriting carbon neutrality at Roe Highway.

Revenue is generated through a mix of one-time property sales (industrial lots, residential lots, commercial buildings), recurring lease/rental income from retained assets, and asset management/JV fees from partners including Satterley Property Group, Gibb Group, Tattarang, Birchmead, Aegis Health, and institutional investors. Distribution is sales-led and direct: enterprise industrial and commercial properties are sold off-market or via project-specific websites (e.g., rhlp.com.au, murdochsquare.com.au), residential lots through project sites and on-site sales offices, and tenants are secured via pre-leasing and direct relationships. Customer segments span enterprise industrial/logistics tenants, residential homebuilders and owner-occupiers, commercial and healthcare tenants, and retail anchors, all concentrated in Western Australia.

Name

Hesperia

Legal name

Hesperia

Website

https://hesperia.com.au

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Hesperia is a privately held Western Australian property developer delivering industrial estates, masterplanned residential communities, commercial buildings, mixed-use healthcare precincts, and heritage redevelopments, distinguished by carbon-neutral design, low-carbon concrete, and B Corp certification, serving enterprise tenants, homebuilders, and investors across WA.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Landscape Architectural Services (54132)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Commercial property development
• Industrial estate development
• Masterplanned residential communities
• Sustainable property development
• Mixed-use precinct development

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Property Development and Sales: Hesperia develops land and buildings across commercial, industrial, residential, and social infrastructure sectors. Revenue is generated through the sale of developed lots, buildings, and apartments to buyers including owner-occupiers, investors, and tenants. Major projects include industrial estates sold in parcels, commercial buildings sold or leased to tenants, and residential communities sold to homebuilders.
2. Lease/Rental Income: Hesperia retains ownership of some commercial and industrial properties, generating rental income from tenants. Properties like South Central, industrial estates, and commercial buildings may be held for ongoing rental returns.
3. Asset Management: Hesperia undertakes development and asset management activities for joint venture projects, earning fees for managing properties on behalf of partners including Satterley Property Group and institutional investors.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Hesperia is a Western Australian property developer that acquires land, obtains planning approvals, develops, and sells or leases industrial estates, commercial buildings, residential communities, retail centres, and social infrastructure projects across Western Australia. Revenue is generated through the sale of developed lots and buildings to enterprises, investors, homebuilders, and owner-occupiers, complemented by long-term rental income from retained assets and asset management fees from joint venture partners.

Product overview

Hesperia is a Western Australian property development company offering a portfolio of residential, commercial, industrial, and social infrastructure projects. Their offering consists of distinct place-based developments across multiple property classes rather than a unified software product with modules. Key projects include: Murdoch Square (mixed-use healthcare precinct), Roe Highway Logistics Park (industrial estate), Rivermark and Botania Park (residential master planned communities), Victoria House (heritage residential/commercial), ABN Building (commercial office), Hazelmere Interchange (industrial), and various industrial estates (Tonkin Highway, Landsdale North, Rockingham, Abernethy Road, Swan Brewery, Northlink). The company also develops retail centers (Midland Central, South Central) and social infrastructure projects (WA Children's Hospice, Orthonova Orthopaedic Hospital). Sustainability is embedded across their portfolio, with multiple projects achieving Green Star certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Roe Highway Logistics Park 75-hectare carbon-neutral industrial estate in Perth offering rail-side, RAV7-accessible premium industrial lots and pre-leased warehouses for logistics, manufacturing, and distribution tenants. Features ENVISIA low-carbon concrete reducing embodied carbon by up to 42% and on-site 2MW solar power generation (scalable to 17MW). Valued at $500 million; anchored by Mainfreight, Silk Logistics, JB HI-FI, Sandvik, Northline, and KTrans.
• Hazelmere Interchange

Quantifiable outcome

• Reduced concrete carbon emissions by 40-42% using ENVISIA low carbon concrete at Roe Highway Logistics Park
• +5 more outcomes

Named customers26 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Gibb GroupcoreStrategic or Co-development PartnerDevelopment partner for Roe Highway Logistics Park, working with Hesperia on the 75-hectare industrial estate.
• TattarangcoreStrategic or Co-development PartnerDevelopment partner for Roe Highway Logistics Park alongside Hesperia and Gibb Group.
• Satterley Property GroupcoreStrategic or Co-development Partner50/50 joint venture partner for South Central bulky goods centre and Midland Central retail development. Satterley partnered with Hesperia for development and asset management activities.
• Aegis HealthcoreStrategic or Co-development PartnerAged care operator and partner for Murdoch Square healthcare precinct, operating the 150-bed aged care facility and 80-bed medi-hotel.
• St John of God Health CarecoreStrategic or Co-development PartnerCollaboration with St John of God Health Care and Perth orthopaedic surgeons to deliver Orthonova Orthopaedic Hospital within the Murdoch Health and Knowledge Precinct.
• Perth Children's Hospital FoundationcoreStrategic or Co-development PartnerAppointed Hesperia as project principal for the WA Children's Hospice (Boodja Mia/Sandcastles). Partnership includes state and federal governments and community donors.
• Child and Adolescent Health Service (CAHS)coreStrategic or Co-development PartnerPartnership between Perth Children's Hospital Foundation and CAHS to deliver Western Australia's first purpose-built paediatric hospice.
• Noongar Charitable TrustcoreStrategic or Co-development PartnerJoint venture partner for Northlink Industrial Park, a not-for-profit entity established by the South West Aboriginal Land and Sea Council (SWALSC) to navigate cultural and heritage aspects. Project delivered $30 million to the trust.
• Birchmead Property GroupcoreStrategic or Co-development PartnerJoint acquisition and development partner for Lot 118 at Murdoch Health and Knowledge Precinct, planning a 10-storey building with 120 apartments and commercial space.
• MultiplexcoreImplementation/ SI/ Consulting PartnerGlobal construction company appointed to execute forward works on Stage 1A of Murdoch Health and Knowledge Precinct, with design and construct contract for delivery by early 2023.
• ABN GroupcoreStrategic or Co-development PartnerAlliance to develop the former Leederville Hotel carpark site into ABN Group's new 9,000-10,000sqm headquarters for seven businesses with 900 employees under a 12-year lease.
• PACT ConstructioncoreImplementation/ SI/ Consulting PartnerConstruction partner for ABN Building and Victoria House projects, delivering built form under Hesperia's development management.
• BirdLife AustraliacoreStrategic or Co-development PartnerPartnership for Carnaby's Black-Cockatoo conservation at Roe Highway Logistics Park including Adopt a Cocky Nest project, roost protection, and habitat enhancement.
• Hassell StudiocoreTechnology or IntegrationDesign firm for ABN Building, integrating the development within the Leederville community with significant public activation.
• MJA StudiocoreTechnology or IntegrationArchitect for Victoria House heritage redevelopment, working alongside FINESPUN, Palassis Architects, and Place Laboratory.
• The Leukaemia FoundationminorStrategic or Co-development PartnerPartnership to offer 1,000sqm shared commercial space for charities and NFPs at Murdoch Health and Knowledge Precinct.
• CRC Partnership for RACE 2030minorStrategic or Co-development PartnerCooperative Research Centre partnership for RACE 2030 initiative.
• LandCorpcoreStrategic or Co-development PartnerPartnership with LandCorp for Murdoch Health and Knowledge Precinct development, with Hesperia confirmed as preferred developer for stage one.
• WesfarmersminorOthersAcquired Tonkin Highway Industrial Estate property from Wesfarmers following full remediation of the former superphosphate production site.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Lendlease: Major Australian diversified property developer with urban regeneration, residential, and commercial capabilities. Overlaps with Hesperia's mixed-use precinct approach (Murdoch Square) and sustainability credentials, though at much greater scale and global footprint.
• Frasers Property Australia: Australian arm of Frasers Property with residential, commercial, industrial, and retail development. Comparable diversified property development model and mixed-asset portfolio approach, though larger and more geographically diverse.
• Stockland: Australia's largest residential developer with master-planned communities, logistics, and retail assets. Comparable in residential subdivision and mixed-use development but operates at significantly larger scale and national breadth.
• Mirvac: Australian diversified property developer with residential, commercial, and mixed-use precincts. Comparable in integrated mixed-use precinct development and sustainability commitments, but at much larger national scale.

Direct peers

• Goodman Group: Global industrial and logistics property specialist. Directly comparable to Hesperia's industrial estate strategy (Roe Highway Logistics Park, Hazelmere, Tonkin Highway) and sustainability-led logistics development approach.
• Satterley Property Group: WA-focused residential land developer and Hesperia's 50/50 JV partner on South Central and Midland Central. Directly comparable in WA market, residential master-planning expertise, and JV-led development model.
• Growthpoint Properties Australia: Australian industrial and office property owner/developer. Comparable in industrial estate development, sustainability positioning, and partnership-driven investment approach in Australian markets.
• Charter Hall Group: Australian commercial and industrial property group with institutional capital partnerships. Comparable in JV-driven industrial and commercial development, asset management fee streams, and sustainability focus.
• Peet Limited: Australian residential land developer with diversified portfolio across master-planned communities. Comparable business model of acquiring, subdividing, and selling residential land, with similar GTM to homebuilders and owner-occupiers.
• Cedar Woods Properties: WA-headquartered residential and mixed-use developer with master-planned community expertise. Closely comparable geographic footprint and product offering in WA's residential market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hesperia