Mulpha’s $1bn Norwest Masterplan Wins Approval
A series of nine high-rise towers, ranging from eight to 26-storeys, has been approved as part of Malaysian conglomerate Mulpha’s $1 billion masterplanned residential proposal for The Greens in Sydney’s Norwest.
The project will deliver a total of 864 residential apartments, at 40 Solent Circuit, after receiving approval from the Hills Shire Council this week.
Touted as “a lifestyle and economic hub,” Mulpha has been transforming the 377-hectare Norwest Business Park into what it describes as a ‘smart city’.
The developer purchased the 377-hectare site, located 35 kilometres from the Sydney CBD, in the 1990s.
“Mulpha has made a long-term commitment to the transformation of Norwest Business Park into Norwest City,” Mulpha executive general manager Tim Spencer said of the approval.
“The Greens is a critical piece of the vision, establishing a vibrant residential town centre within 500 metres of the new Norwest Metro Station.”
The Sydney Central Planning panel rejected the developer’s proposal for a $53 million seven- storey commercial building at 8 Elizabeth MacArthur Drive earlier this year, but was overturned in July following Mulpha’s appeal of the decision.
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Mulpha Norwest, a wholly-owned subsidiary of Mulpha Australia, is behind Hayman Island, Intercontinental Hotel Sydney, and Sanctuary Cove Resort.
The Malaysian-backed developer and hotel owner, which is understood to be currently in due diligence to purchase retail asset the Brimbank shopping centre in Melbourne for more than $150 million, is also developing the master planned community of Mulgoa Rise in Western Sydney.
The Greens will be built on three-hectares of landscaped parkland, with 70 per cent or 22,000sq m of open community space.
The Norwest project also includes a public plaza, amphitheatre, a performing arts stage as part of the development.
The mixed-use precinct will include more than 6000sq m of commercial space, cafes, restaurants, a gym, medical services and childcare centres.
