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Three Western Sydney Airport Landholdings Hit the Block

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Three separate parcels of land in the booming Western Sydney Airport precinct will net owners a collective $50 million, according to selling agents.

The private family-owned landholdings in Badgerys Creek, Kemps Creek and Luddenham are being sold separately by CBRE agent Thomas Mosca.

Mosca said that the listings were a prime development opportunity thanks to a new planning framework released by the NSW government.

The plan, released in August, provides clarity on rezoning and precinct planning and development in the western Sydney aerotropolis area.

Related: Rail Infrastructure Set to Transform Real Estate in NSW

Pictured: The 18.6-hectare property in Kemps Creek is expected to fetch up to $20 million.
Pictured: The 18.6-hectare property in Kemps Creek is expected to fetch up to $20 million.


“The release of the NSW government’s growth strategy has been crucial to managing the timing of land release and knowing which key areas would offer maximum return on investment,” Mosca said.

Earmarked for “flexible employment” zoning, Mosca said that the land allotments would suit buyers interested in business and industrial uses.

CBRE are taking to market a 17.4-hectare Luddenham property, an 18.5-hectare site in Kemps Creek and a 2-hectare parcel in Badgerys Creek.

Mosca said the Luddenham and Kemps Creek sites are well positioned to benefit from the M12 Motorway acquisition.

The sites also offer opportune access to the Chinese-backed Northern Gateway Partnership’s masterplan – 344-hectares of retail, health and logistics infrastructure – and Mirvac’s Elizabeth Drive Enterprise Precinct, a large format industry and mixed retail development.

Last month, Prime Minister Scott Morrison kicked off construction at the Western Sydney Airport while four universities are collaborating on a “world class” university precinct adjacent to the airport.

The airport is due to open in 2026. The second stage of the NSW government’s planning framework for the aerotropolis is expected to roll out next year.

Main image: The 17.4-hectare Luddenham site tipped to sell for more than $20 million.

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Article originally posted at: https://theurbandeveloper.com/articles/three-western-sydney-airport-landholdings-hit-the-block-