Following a formal expressions of interest campaign, Australand has secured the right to buy and develop the Edmondson Park Town Centre, the gateway to Sydney’s south west corridor.
Selling agents, Stuart Cox and Steven Lerche of Savills, together with co-agent Matrix Property, sold the site for circa $100m on behalf of the NSW government’s urban transformation operation, Urban Growth.
The 24 hectare site will include up to 45,000sq m of retail and commercial floor space, and approximately 1,000 residential apartments across four superlots.
“The south west suburbs have suffered from a lack of well-designed residential precincts, Edmondson Park Town Centre will provide a much needed housing precinct together with major retail outlets, recreational facilities and transport amenities,” said Mr Cox.
Robert Sullivan, Head of Retail Transition UrbanGrowth NSW, said this was a unique opportunity for a developer to invest in Sydney’s booming south west.
“This is about setting a new scene and standard for new village-style town centres in western Sydney. The town centre will feature urban buildings, intimate spaces and public art, along the lines of Melbourne’s laneways but with authentic local character and feel,” said Mr Sullivan.
Edmondson Park Town Centre will be a vibrant high street-style centre, located 8 kilometres from the Liverpool CBD, 45 kilometres from the Sydney CBD and just five stations from Sydney’s future second airport at Badgerys Creek.