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Stockland Commences Construction on $222 million Business Park on the Sunshine Coast

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On Thursday, construction commenced at Stockland’s $5 billion Aura project on the Sunshine Coast. Aura will be Australia’s first six-star, green-star city, and will soon be home to more than 3,000 new jobs with aim of becoming a major employment hub for the Sunshine Coast.

The new $222 million business park, the first of two planned by Aura, is located in Caloundra’s west in the heart of the region’s largest investment zone. It will feature nine separate sporting grounds and an array of parks and playgrounds. Of the 7000-hectare site, nearly one-third of the site will be dedicated to a conservation area.

Combined, Aura’s two business parks are expected to create around 5,000 permanent jobs which will be key to Stockland’s economic development strategy. By 2030 the site will be home to roughly 50,000 residents in 20,000 dwellings with an expected 20,000 jobs. Kingsley Andrew, General Manager for Stockland’s Queensland operations aims to deliver “Australia’s most prosperous and connected master planned community with one job created for every household.”

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Completing the business park in the early stages of the project, Aura aims to give early residents the opportunity to work close to where they live, an integral part in creating a sustainable and liveable community.

Commencing construction at the Aura business parks adds the development to Stockland’s $680 million national logistics and business park development pipeline. This side of Stockland's business now represents 15% of the company's total assets, boasting 99% occupancy across the portfolio.

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Article originally posted at: https://theurbandeveloper.com/articles/stockland-commences-construction-222-million-business-park-sunshine-coast