The NSW Government is today launching an Expressions of Interest (EOI) campaign to confirm market interest in two waterfront residential sites on the Wentworth Point peninsula, within Sydney Harbour.
The two sites, totalling 12.04 hectares, have capacity for approximately 2500 apartments, a waterfront promenade, shops, and a multi-purpose community facility.
They form part of the 17 hectare development to be known as The Peninsula, which adjoins Sydney Olympic Parklands, on the western shore of Homebush Bay and the southern side of the Parramatta River. The recently upgraded Sydney Olympic Park Ferry Wharf is located at the centre of the two sites.
Due to its key location, the Department of Planning and Environment identified the site as a ‘Priority Precinct’ which aims to deliver new housing in areas with easy access to public transport, shops, services and jobs. The site was rezoned in July 2014.
“The Peninsula represents a rare opportunity to acquire two north facing waterfront sites of significant scale in an established and well-regarded location within Sydney Harbour,” said UrbanGrowth NSW Head of Wholesale Projects, Peter Anderson.
“When completed, The Peninsula will deliver much needed new apartments, extensive open space including a 3.9 hectare Peninsula Park and a new landscaped foreshore that will provide pedestrian and cycle paths linking to Sydney Olympic Park and its parklands.”
Other key features in the precinct will include a new school, and promenade that will include a new maritime plaza overlooking possible maritime facilities including a marina, dry boat stack storage and launching facility and over-water rowing club.
The land is owned by Roads and Maritime Services, and has been managed by UrbanGrowth NSW, the State’s lead organisation responsible for driving urban transformation across NSW.
The EOI campaign will close at 3pm (AEST) on Thursday, 1 October 2015.
Colliers International has been appointed as the agents to facilitate the sale.
Sarah Turner 0416 147 534