Developer-builder <a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a> has pushed beyond the now-standard inclusions of rooftop pools and landscaped podiums at its recently launched new Epping project, Senso.

It has laid out over 4,000 sqm of resident-only amenity in a move designed to compete directly with low-density housing on livability, not just density. The result is a development that supports genuine daily use through purposeful spaces distributed across its five-building, 479-apartment precinct.

[smartcode_project:default project_id=134954 project_image_fid=4396]

Two rooftop pools form the anchor of Senso. One is a 27-metre lap pool adjoining a heated spa, designed for everyday fitness rather than just summer leisure. The second sits on a lower podium, allowing different buildings to share in vertical access and reducing crowding during peak times.

It is the secondary spaces that start to distinguish Senso from other large-scale suburban projects. A rooftop cinema is integrated into a landscaped terrace, offering open-air screenings with natural ventilation and passive cooling.&nbsp;

The inclusion of a “sensory walk”, an elevated boardwalk that threads through the site, suggests a rare investment in non-commercial, non-essential amenity: space for quiet movement that doesn’t double as access or traffic circulation.

[smartcode_project:default project_id=134954 project_image_fid=4402]

The gym and wellness centre, often relegated to a small ground-floor room in many builds, takes on more substance here. Residents have access to a fully equipped gym, as well as outdoor yoga areas and meditative zones that integrate greenery and natural light.&nbsp;

The Club Lounge is similarly designed to support multiple use cases, with a private dining terrace, kitchenette, workspace, and lockable wine storage. These aren’t superficial additions; their scale and spatial allocation indicate serious intent for frequent resident use.

[smartcode_project:default project_id=134954 project_image_fid=4391]

Importantly, Senso’s amenities are embedded within a site that spans more than 10,000 sqm, allowing for better separation between spaces and reduced noise spillover, a critical but often overlooked factor in high-density developments. This spatial generosity also enables multiple alfresco kitchens and communal terraces without compromising individual privacy or usable space.

While many developments make claims about lifestyle, few back it with this level of built infrastructure. Senso’s mix of dedicated fitness, wellness, social and passive green spaces suggests a conscious response to the post-pandemic shift in housing expectations, especially among owner-occupiers.&nbsp;

DASCO is one of several leading developers who have taken out Resilience Insurance's Latent Defects Insurance policy, providing buyers with a 10-year structural and waterproofing warranty, and giving them the ultimate peace of mind.

Senso is scheduled for completion in late 2028.

[smartcode_project_cta:default project_id=134954]

Staff Writer

The outdoor amenities elevating life at Senso, Epping

Following the proposal by the Minns Labor Government to rezone Parramatta Road to create up to 8,000 new homes, prominent developer Ceerose has gone to the NSW Gov to increase the density of its new mixed-use residential building in Leichhardt.

<a href="https://www.apartments.com.au/builders/ceerose">Ceerose</a>, founded by Edward Doueihi nearly three decades ago, has filed plans for 154 apartments above ground-floor retail at 307-315 Parramatta Road, a key corner site near Norton Street, the main high street strip in Leichhardt.

It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="ba1ae75b-5f08-43fb-b8d5-3de6d9f6ef71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.39%E2%80%AFAM.png?VersionId=yA3hBBLPH4ev7MsAE0_hieXeqiFqBUb7" />

The project is being advanced through the State Significant Development (SSD) pathway, with concurrent rezoning sought to facilitate the proposal. The 10-storey development would rise over a four-level basement and deliver two retail tenancies, one a larger-format offering and the other a smaller “hole in the wall” space, addressing the Parramatta Road frontage. 21 of the apartments are dedicated as affordable housing.

According to the Urban Design Report by Architecture AND, the scheme includes a podium and tower configuration, with a fine-grain, two-storey parapet street wall that references the traditional shopfront rhythm along the corridor. “An elegant tower form is proposed, combined with a characterful two storey frontage... articulating it as two related buildings, providing consistency with the rhythm and grain of Parramatta Road,” the report notes.

The residential component is split across two slender towers set back from the street edge, a design move aimed at preserving solar access and reducing perceived bulk. This massing strategy also seeks to improve residential amenity by focusing scale toward the quieter northern interface, away from Parramatta Road’s noise and pollution.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="347f2f8f-5d36-4388-b40a-2e77380b9c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.02%E2%80%AFAM.png?VersionId=xvyUE2ujT1lzivXTo.mHBJFF4SmfgLtz" />

Architecture AND has worked with Ceerose on previous Inner West projects, and cites a deep familiarity with the local character. Their design draws heavily on context, heritage, and sunlight access considerations, and engages with the Inner West Council’s “Our Fairer Future” strategic planning framework.

The site spans 2,712 sqm and is located near key intersections with Catherine Street, Hay Street, and Redmond Street. It adjoins a public carpark to the north and is within walking distance of Stanmore and Petersham stations. It is also flagged in state and local planning strategies, including the Parramatta Road Corridor Urban Transformation Strategy, as a suitable candidate for increased density.

Ceerose recently completed The Alex Collective on McEvoy Street in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay.

The Parramatta Road corridor is coming to life with the proposed rezoning which is serviced by a significant number of bus, light rail and train routes.

Deicorp is progressing with its $1.8 billion <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> precinct on Parramatta Road in Five Dock, as is <a href="https://www.apartments.com.au/news/nsw/toga-to-push-on-with-five-dock-mixed-use-masterplan">TOGA further down the street</a>. Those two projects alone will bring nearly 2,000 new homes to Parramatta Road.

Joel Robinson

First look: Ceerose plots mixed-use Leichhardt development on Parramatta Road

North Sydney's landmark 'SBS Building' on Alfred Street is set to be demolished to make way for a new mixed-use residential tower in the booming North Sydney.

Commercial property group FiveX is behind the plans for a <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">39-storey tower</a>, the latest project to advance under the NSW Government’s Housing Delivery Authority pathway.

They are proposing 184 apartments above retail spaces, which will replace the existing 20-storey commercial building. FiveX was set up more than five decades ago by Joshua and Marko Berger. It is currently led by Joshua's son Lesli.&nbsp;

<img alt="First look: Fivex plans 39-storey residential tower at 275 Alfred Street, North Sydney" data-entity-type="file" data-entity-uuid="2efa0980-53fa-4cca-9f9e-9c3c845d4746" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29%20%281%29_0.png?VersionId=y_YyPMq3NQLfYRs84pP4os9UgWiMLp75" />

According to the Architectural Design Report by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>, the slender tower form has been deliberately designed to respect the site's transitional setting at the southern gateway to the North Sydney CBD, where high-rise towers give way to lower-scale residential precincts.

"The slender tower form and articulated podium establish a respectful relationship with nearby heritage and low rise buildings, including the Whaling Road Heritage Conservation Area,” the architecture firm noted, adding that the tower “completes a missing link in the urban fabric” while enhancing the Alfred Street streetscape.

The proposed building will include a mix of one-, two- and three-bedroom apartments, with 15 percent of the gross residential floor area allocated as affordable housing. There is an agreement already in place that those apartments will be managed by Evolve Housing.

The project aligns with broader state housing objectives, including the National Housing Accord target of delivering 1.2 million new homes by 2029. The Scoping Report filed with the State Significant Development Application (SSDA) suggests the site "presents no impediments to rapid delivery,” with construction able to commence within 12 months of receiving consent.

North Sydney has been one of the most popular suburbs in Sydney for new and off the plan apartment development, but hasn't had the supply to keep up with demand, until recently.

AURA by Aqualand was, for a long time, the only off the plan apartment building on the market. That completed last year, and has sold the majority of its 386 luxury apartments. Recently ALAND launched <a href="https://www.apartments.com.au/new-apartments/the-walden-173-179-walker-street-north-sydney-nsw-2060">The Walden</a> on the same street, selling over $100 million within just a few hours of its launch, while developer CASA also launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>&nbsp;in the same precinct.

First look: Fivex plans 39-storey residential tower in booming North Sydney

Kokoda Property Group has announced the Sydney-based Versatile Construction as the builder for its landmark $1.5 billion <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> precinct.

Construction of the 17,612 sqm site is scheduled to commence in December 2025 and is expected to be delivered in stages from 2028. Once complete, <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> will comprise 212 residences across four architecturally distinct buildings, alongside Brisbane’s first Kimpton Hotel, extensive retail, hospitality, and wellness amenities.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Kokoda Property Group Founder and Managing Director, Mark Stevens, said appointing Versatile Construction marks a significant milestone for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“Partnering with Versatile Construction gives us confidence in delivering a precinct that sets a new benchmark for luxury living, curated experiences and vibrant riverfront activation," Stevens said.

"Together, we will bring the vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> to life, creating a destination that residents and visitors will enjoy for generations."

Throughout the construction phase, more than 2,000 jobs will be created, supporting hundreds of local contractors and suppliers.

[smartcode_project:default project_id=139896 project_image_fid=352274]

Marco Fahd, Chairman &amp; CEO at Versatile Group, said the company is looking forward to&nbsp;expanding their footprint in the state, taking on their inaugural project in Brisbane.

"We are proud of the unwavering commitment our team of experts have to quality and certainty in delivery and are excited to work with Kokoda to bring their vision for this unique project to life," Fahd says.

Sales reached $285 million on the launch of <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>, with sales momentum continuing to "exceed all expectations."

Stevens says the overwhelming response from buyers validated the group’s vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“The demand for a luxury product in this enclave has been extraordinary, we’ve never seen anything like it before. It reinforces everything we’re doing around quality, design, and creating genuine lifestyle precincts. Buyers are recognising the enduring value of Brisbane’s riverfront and are responding to the opportunity to live within a world-class destination that celebrates both place and lifestyle.”

[smartcode_project_cta:default project_id=139896]

Kokoda appoints builder for $1.5 billion Teneriffe Banks waterfront precinct

Castle Hill’s booming development market is set for another boost, with builder-developer Buildex proposing a new mid-rise apartment building near Castle Towers.

Buildex has submitted plans to The Hills Shire Council for a <a href="https://www.apartments.com.au/new-apartments/197-old-northern-road-castle-hill-nsw-2154">nine-storey building comprising 57 apartments</a> on Old Northern Road. The company acquired two adjoining sites earlier this year, totalling more than 2,683 sqm.

Texco Design has prepared the scheme, which includes five one-bed plus study apartments, 37 two-bedrooms, and 15 three-bedrooms.

Castle Hill has become a hotspot for developers in recent years, undergoing significant transformation driven by the opening of the Hills Showground Precinct to development and the introduction of two metro stations servicing the suburb.

Developers including Deicorp and Kassis Homes have already completed projects, and are progressing future developments, while Meriton, Arada, and Ellipse are currently delivering new projects in the rapidly evolving area.

First look: Buildex plans 57 apartments near Castle Towers

South West Sydney

The development is located at the northern end of Bankstown’s commercial precinct and positioned perfectly to enjoy all the burgeoning region has to offer.&nbsp;

Envisioned to create a new benchmark for integrated living, Spring Square will connect residents to the distinct charm of Bankstown, which is overflowing with high end amenity, abundant recreational spaces and a lively food and entertainment scene.

On the doorstep of Spring Square lies quality education, retail and supermarkets, restaurants and cafes, as well as entertainment options like Hoyts Cinema and the Bryan Brown Theatre.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47626]

The newly built Bankstown RSL Club is also directly next door and Bankstown train station is an easy few minutes’ walk.&nbsp;

As the most significant commercial hub of South West Sydney, Bankstown is also well connected with public transport and roads like the M5 and Hume Highway, providing links to the north, south, east and west with ease.&nbsp;

As the region is at the forefront of a revival, with impetus from the NSW Government’s plan to implement the Sydenham to Bankstown Urban Renewal Strategy well underway, a number of neighbourhoods, public spaces, town centres and community services will also be redeveloped and enhanced.&nbsp;

A new Sydney Metro train line is also in progress, which will connect Bankstown to key employment centres – providing further travel options and improved accessibility. Slated to open to the public by 2024, the new Metro line will be located just 300-metres from Spring Square.

This boost to the local economy has also seen the uncovering of plans for a brand new Bankstown-Lidcombe hospital, with the $1.3 billion health precinct a major boost for the area. Improved civic spaces are also on the cards, as well as a Western Sydney University campus right in Bankstown’s CBD, which will be just 400-metres from the development site.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

Upon completion, Spring Square is set to comprise&nbsp;five towers, with a mix of one, two and three-bedroom offered across the site.

A range of single and double-storey layouts will be constructed, as well as crossover arrangements, with the residences to benefit from&nbsp;Bankstown’s central location within Sydney, along with its elevation, making it one of the highest vantage points.&nbsp;

Residents will be able to take in expansive district, Sydney CBD and Olympic Park views, with each of the towers designed to maximise these outlooks.&nbsp;

[smartcode_project_cta:default project_id=7054]

As the most significant commercial hub of South West Sydney, Bankstown is also well connected with public transport and roads like the M5 and Hume Highway, providing links to the north, south, east and west with ease. 

alisonwarters@gmail.com

How Spring Square by Poly taps in to its burgeoning location

With the up and coming suburb in Sydney's South West on the cusp of expansion and the new type of residential product planned by Poly Australia, the area is tipped to become a hotspot for owner-occupiers, and particularly first home buyers.&nbsp;

Within each home, the level of finishes and fittings belies the affordable first home buyer price point.&nbsp;

All have been thoughtfully curated and colour matched to ensure an elegant harmony throughout.

[smartcode_project:default project_id=7054 project_image_fid=47626]

The masterplanned community has been designed to create a genuine sense of neighbourhood, complete with communal gardens and a broad mix of amenities. This includes integrated retail, commercial and childcare spaces making up just a small part of nearly 6,600 sqm of total amenity space.

Comprising a generous mix of apartments, in various configurations, from studios, up to three-bedrooms, Spring Square by Poly has a price point that few other developments can hope to match - which is only bolstered by the fact all the studio apartments have all already been sold.&nbsp;

Once the nearby Metro is up and running in 2024, these homes will arguably be one of the few opportunities in Sydney where you can purchase a brand new two-bedroom residence for $695,000, within an estimated 30-minute commute to the CBD.

In a host of ways, convenience is built into the plan of Spring Square, with public transport to the CBD and Parramatta accessed right in the heart of the precinct.

[smartcode_project:default project_id=7054 project_image_fid=47636]

But even simpler connectivity occurs when residents can live upstairs, work close by and enjoy the retail and entertainment options immediately downstairs. Al fresco retail, landscaped communal gardens, a children’s playground, shaded seating areas, and barbecue facilities form just a fraction of the year-round amenities available at the development.

Poly Australia are no stranger to projects of this stature, having significant experience in multi-stage delivery of large-scale integrated retail, commercial and residential offerings.

With substantial urban renewal funding earmarked by the NSW state government, Spring Square by Poly will be poised to take advantage of all the recently renewed investment plans.

[smartcode_project_cta:default project_id=7054]

Why owner-occupiers are tipped for Spring Square by Poly

Defined by its diversity, Bankstown is a hidden gem among Sydney.&nbsp;

International developer, Poly Australia are taking to the suburb to deliver their latest residential project, Spring Square, which is set to give new life to the south-west suburb.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

The masterplan has been inspired by vertical communities around the globe, tailored to uplift Bankstown, enlivening its people and their lifestyle.

“With Bankstown in the midst of such growth, this new precinct will deliver a completely new lifestyle experience for those who live here and those who visit,” said Poly.

Spring Square at 32 Kitchener Parade, has been designed to complement and enhance its architectural neighbours, with its contrast of tonal brick, extensive glazing and vertical louvres working harmoniously to redefine the district’s skyline.&nbsp;

Built across five towers, a mix of one, two and three-bedroom residences will be delivered, with a range of single and double-storey layouts, as well as crossover arrangements.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47630]

Bankstown’s central location within Sydney, along with its elevation, makes it one of the highest vantage points.&nbsp;

From here, you can take in expansive district, Sydney CBD and Olympic Park views, with each of the towers designed to maximise these outlooks.&nbsp;

“We’ve designed Spring Square to really take in these views and it's been built so you can enjoy all the outlooks."&nbsp;

“This is something completely unique for the south west.”

[smartcode_project:default project_id=7054 project_image_fid=47628]

With sustainability no longer an optional extra for residential design, Poly Australia is implanting a raft of measures at the Bankstown precinct to follow suit, including greywater recycling, central hot water system, solar panels, and air-conditioning with high energy efficiency ratio. The project is also BASIX rated for water efficiency.

[smartcode_project_cta:default project_id=7054]

The masterplan has been inspired by vertical communities around the globe, tailored to uplift Bankstown, enlivening its people and their lifestyle.

Spring Square by Poly launches to market

South-West Sydney rezonings in Glenfield, Leppington and Lowes Creek Maryland are set to create more than 16,000 homes. 
&nbsp; 
Minister for Planning and Public Spaces Rob Stokes said the NSW Government was responding to the increased demand for greenfield housing as a result of the pandemic.

&quot;We are accelerating these rezonings,&rdquo; Mr Stokes said. 
&nbsp; 
The rezoning of Leppington Precinct stages two and five will allow for up to 2,400 new homes.

The Lowes Creek Maryland rezoning (above and below) will support 7,000 homes for 20,000 people.

<img alt="" height="2927" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marylands_lowes_creek_3_05a.jpg" width="4500" /> 
&nbsp; 
&ldquo;We&rsquo;re also finalising the Glenfield Precinct Place Strategy, expected to create up to 7,000 new homes and 2,900 new jobs. 
&nbsp; 
&ldquo;More homes need more parks, that&rsquo;s why as part of these land releases we&rsquo;ve secured 75 hectares of parkland at Glenfield, 62 hectares at Lowes Creek Maryland and 16 hectares at Leppington.&rdquo;

Tom Forrest, CEO at the Urban Taskforce welcomed the announcement on the rezoning of land for 16,000 new homes in South-West Sydney.

[smartcode_project:default project_id=7317 project_image_fid=79245] 
&nbsp; 
&quot;This announcement shows, that with political will and strong leadership, the Department of Planning, Industry and Environment can take the lead to deliver strong growth in housing approvals to drive down the price of new homes. 
&nbsp; 
&quot;This shows what DPIE can do when given clear political leadership.&nbsp;

&quot;State led rezoning will be the most efficient way to get big projects going. 
&nbsp; 
&quot;The Minister for Planning, in June, committed to fast-tracking the decisions on these precincts.&nbsp;

&quot;The commitment acknowledged that there is a housing supply crisis in NSW, and this is driving up the prices of homes, making them unaffordable.&quot; 
&nbsp; 
Forrest added the most recent new homes completion data was again disappointing for Greater Sydney, with new home completions falling well short of the Greater Sydney Commission and NSW Housing Strategy 2021 targets.&nbsp;

[smartcode_project:default project_id=32227 project_image_fid=93951]

&quot;The NSW Housing Strategy shows we need at least 40,000 approvals for Greater Sydney every year for the next 20 years.

&quot;In the year to March &ndash; there were on 29,500 new home completions despite the construction industry going flat out during 2020 and the first COVID wave. 
&nbsp; 
&quot;Reversing the drop-off in new home and apartment approvals is critical to solving the housing affordability crisis.&nbsp;

&quot;We will need many more announcements like this if the Minister is committed to making a serious dent into the real, accumulated shortage of approximately 100,000 new homes.&nbsp;

&quot;The same attention and enthusiasm given to the South-West needs to be extended across Greater Sydney for all housing types,&quot; Forrest said.

The rezoning of Leppington Precinct stages two and five will allow for up to 2,400 new homes while in Lowes Creek Maryland, rezoning will support approximately 7,000 homes for 20,000 people

jchancellor

South-West Sydney rezonings will see 16,400 new homes

<html><body>
Risland Australia has been successful in its case before the NSW Supreme Court against Bradcorp, after Risland elected not to exercise its option in 2018 to acquire land at North Wilton in South-West Sydney.
Bradcorp took Risland to court.
Bradcorp challenged Risland’s decision that Bradcorp had failed to satisfy a range of conditions precedent to enable the land to be developed.  
The Supreme Court dismissed Bradcorp’s claim, which was taken against Risland, the Chinese backed developer then known as Country Garden.
Bradcorp had owned the land since 1999.
 It is located about 80 kilometres south west of the Sydney CBD.
The court found Bradcorp had failed to satisfy all of the conditions necessary to exercise the option, and that Bradcorp otherwise repudiated the option deed by its own conduct.  
The court case came down to a legal debate on the required time and date, and whether a post 5pm COB advisory was within the required time.
The court even heard legal precedent on birth dates, age, and fractions of the day.
Counsel for Bradcorp claimed one notification was received after 5.00 pm on the required day, so they viewed it as received on the following business day. 
But the Supreme Court judge ruled the cancellation was effective on the required day, 30 November 2018.
Bradcorp will be required to pay damages to Risland which, together with costs and interest charges, is likely to exceed $30 million.
“We are disappointed that Bradcorp was unable to present the land in a way which would have enabled it to be developed in accordance with the required approvals and our vision," a Risland spokesperson said.
“We remain very interested in investing and developing areas around Australia, including the Wilton region”, he concluded.
The proceedings concerned an 870 hectare parcel, currently rural, but is to be developed as part of the expansion of Wilton into a large satellite town.
It was in February 2017 that Bradcorp entered into put and call option agreements over the land with Country Garden.
The aggregate purchase price under the option agreements was $297 million.
Bradcorp purported to exercise the put option early in December 2018, but CG refused to execute the contract of sale, on the ground that conditions precedent to the exercise of the put option had not been satisfied.
Bradcorp claimed damages.
Call option fees of $29.7 million had been paid by CG, and in accordance with the option agreements, $9 million had been released to Bradcorp.
The remaining $20.7 million was held by HWL Ebsworth, the solicitors for Bradcorp on the transaction.
There was a dispute over three conditions including the requirement that the land be rezoned so that at least 5,350 residential lots could be produced by subdivision.
The land was rezoned in November 2018 however there was an issue between the parties on whether the rezoning satisfied the minimum lot requirement.
The second condition concerned an existing mining lease which extended under the land. The condition required that certain rights under the lease be surrendered.
It happened, but the steps to make it happen only took place at the last minute with the dispute on whether it happened in the required time.
Bradcorp had negotiated an agreement with Endeavour to surrender its rights in exchange for payment of $40 million, the court heard.
The third condition concerned access to the property from the Hume Motorway with the parties in dispute also about whether this condition was satisfied.
Bradcorp has issued a press release advising it intends to appeal the judgement.
 
</body></html>

jchancellor-FAypfDUnLy

Risland in win over Bradcorp over abandoned $297 million North Wilton sale

<html><body>
AMP Capital Diversified Property Fund has sold Crossroads Homemaker Centre to Ashe Morgan for $140 million.
Located on the corner of Beech Road and Camden Valley Way, Casula, the 48,400 square metre-plus centre is home to 28 large format retailers, including anchor tenants Bunnings, The Good Guys, Freedom, Nick Scali and Fantastic Furniture. 
The centre was developed by AMP Capital after its acquisition of the 143,400 square metre site in 2002. 
CBRE's Nick Willis said the sale highlights continued demand for Sydney metropolitan retail assets. 
“Despite forecast headwinds in the retail sector, we are continuing to see an uplift in enquiry and bidder interest as investors identify relative value in the sector compared to other commercial real estate sectors,” said Willis.
“This was again evidenced with Crossroads Homemaker Centre, where we attracted strong and diverse investor interest from private and institutional groups, with 46% of the formal offers received being maiden capital into the large format retail sector. 
 “The Homemaker Centre’s strategic gateway position in Sydney’s south west growth corridor, coupled with its143,400 square metres underlying land area over four separate lots, provides flexibility to adapt the asset to meet the needs of the rapidly changing surrounds.” 
Jonathan Fox of Stonebridge added: “The sale result and volume of enquiry during the sale campaign was extremely strong. We received 13 expressions of interest and the highly competitive second round process highlighted the depth of demand for quality Sydney metropolitan retail assets.”
</body></html>

j.ballantyne1990-6AQqhLzZaK

Crossroads Homemaker Centre at Casula sold for $140 million

<html><body>
A 41,000 sqm land parcel in a South West Sydney's Gregory Hills, has been listed for sale. 
CBRE’s Peter Vines and Nick Willis have been appointed to sell the site located in the Gregory Hills Corporate Park.
The park is a 30 ha master planned development situated 53km from the Sydney CBD.  
The site - The Precinct @ Gregory Hills– is available for immediate development, equipped with an existing DA for a mixed-use project comprising large format retail premises, food and drink premises and recreation facilities.  
The Gregory Hills Corporate Park consists of three main precincts; Soma Lifestyle – an approved large format retail centre incorporating leisure and entertainment; Soma Wellness – a completed mixed use medical precinct; and Camden Medical Campus – an approved large-scale private hospital plus a second smaller private paediatric hospital and day surgery.  
Mr Vines said the opportunity to acquire a substantial footprint in one of Sydney’s most transformative regions would ignite strong buyer interest. 
“Strong population growth and the ongoing anticipation of the Badgerys Creek Airport continue to position South West Sydney as an extremely sought-after region. It is extremely rare for a landholding of this nature – scale, location and development approval – to come the market, which will fuel strong buyer interest from owner occupiers, industrial and retail developers,”
“Adding to the appeal of this site is the current lack of industrial and large format retail opportunities for owner occupiers in South West Sydney."
"While the site has an existing DA in place for a large format retail centre, the flexible B5 zoning, coupled with the strength of the industrial market, will also attract interest from developers and investors that will value in other uses," he concluded.
Mr Willis added, “significant infill retail development sites of this nature are seldom offered to the market, particularly in metropolitan Sydney."
"The catchment is underserviced and demanding for a superior level of retail development to be delivered. This precinct is positioned and designed to be the next premier Sydney lifestyle and large format retail destination.”
</body></html>

40,000 sqm site with DA in South West Sydney's Gregory Hills listed

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Frasers Property Australia were recently fielding enquiries from tenants looking to set up shop in Ed.Square, their so-called game-changing mixed-use community set to be the new urban heart of south west Sydney.
More than 200 homes had been sold at Ed.Square by August. 
It signalled in August the next apartment building had been fast-tracked for release.
The more recent homes release, Chelsea Pocket, offering a collection of 1, 2, 3 &amp; 4 bedroom designer townhomes, were part of the VIP sales launch last month. 
Coles and Liquorland were confirmed as tenants in the future town centre
Frasers Property secured leases over 25% of the available 25,000sqm of retail space in stage one of Ed.Square Town Centre just weeks after the leasing campaign kicked off.
Ed.Square was poised to become the new social centrepiece for south west Sydney, according to Tim Moore at Frasers Property Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/24/EP1%20R02_Retail_Eat%20St.jpg" alt="">
Stage one of Ed.Square Town Centre is expected to open in early 2020. On completion of stage two, of up to an additional 15,000sqm, the development will comprise 40,000sqm of retail space with over 120 shops integrated with a landmark 68-metre high residential tower atop the town centre.
Some 1,800 homes were envisaged in the Frasers Property community.
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/24/EP1%20R03%20Retail%20-%20Town%20Square%20No%20Mist.jpg" alt="">
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Ed.Square poised to become the new social centrepiece for south west Sydney

<html><body>
Billionaire property developer Lang Walker, executive chairman of Walker Corporation, has thrown his financial support behind the “United for Macarthur” A-League bid to establish a team in South West Sydney.
If successful, Walker Constructions will become a strategic partner of the A-League team, and also have substantial input in the upgrade of the stadium, other local sporting facilities and football clubs in the region.
Walker has elevated his involvement in the bid by committing to take a shareholding in the “United for Macarthur” entity vying to be the third A League licence in the Sydney region.
The move puts financial clout behind Mr. Walker’s existing role as business ambassador for the group.
The “United for Macarthur” bid is based on a co-operative, community-based model, playing in Campbelltown representing South West Sydney, communities in the Camden and Wollondilly areas as well as reaching parts of the Southern Highlands region to compete in the A League.  
The South West region will be the fastest growing Sydney corridor over the next 5 to 15 years with Government projecting the population to exceed over one million people. The bid has already attracted strong support from industry, sporting, political and community leaders. 
“We are very active in the Macarthur and the South West community, providing high quality housing and infrastructure to the region, and I am honoured to have been invited to participate in what I believe is a very compelling proposal,” Walker said.
“Sydney’s south-west is growing rapidly and has the facilities in place, with the centerpiece being Campbelltown Sports Stadium, to quickly become a force in the A-League,” he added.
While the bid carries the name “Macarthur” the reality is that the true catchment area for the A League submission extends well beyond the Macarthur region. The bid is framed to be a true community-based model embracing football fans and associations across the whole of Southwest Sydney.
Walker strongly believes the football-rich southwest region is deserving of an A League franchise and would like to see all football entities in this region come together to achieve this goal. This may include other Southwest Sydney clubs and business leaders who are invested in the process.
“The best opportunity to be one of the two teams awarded a new licence for the expanded A League is for the whole region to work together towards that goal,” he said.
The “United for Macarthur” bid is aligned to the State Governments Corridor Strategy, which will see Leumeah transformed into a regionally significant sporting and entertainment precinct.
Mayor of Campbelltown, Cr George Brticevic, said he was proud to have Mr Walker on board with a project that promises to offer so much to the Macarthur region.
“We are delighted to see Lang and his team join as shareholders in the Macarthur United Football Co-operative.  This Co-operative is now driving the Bid for the establishment of a new A League Team for our Region.  This opportunity would provide a significant boost to the Macarthur region and beyond” he said.
“Mr Walker’s increased commitment is compelling evidence of the strong chance we have in winning the bid, and an endorsement of our unique community-based model”.
</body></html>

South West Sydney

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

South West Sydney

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.