Stockland and Sekisui join forces

STOCKLAND is moving to expand its platform in south west Sydney, entering a new agreement with Sekisui House to develop the Lakeside precinct at its active Gledswood Hills development.

Spanning around 34-hectares, access to the zoned residential Lakeside precinct at Gledswood Hills, will see Stockland deliver as many as 448 home sites.

“This partnership aligns with our strategy to expand our landholdings in highly sought-after areas that have good transport connectivity and access to schools, retail and services, and employment,” said Andrew Whitson, CEO of Stockland, communities.

The home sites will be developed with access to the precinct’s Lakeside Golf Club Camden and will be within close proximity to Leppington Train Station and the in-development Western Sydney Airport.

“Lakeside is a good fit with the Stockland residential portfolio and will add to the $1.8 billion Stockland has invested in New South Wales,” added Whitson.

Sekisui House’s Gledswood Hills development has seen recent progress including a newly-opened primary school and a proposed 7.5 hectare heritage-inspired Gledswood Village, with boutique retail, cafés, restaurants and community facilities.

“We expect to attract solid demand from homebuyers given the under supply of residential land in this corridor and the appeal of premium lots in high quality masterplanned communities,” said Richard Rhydderch, communities general manager at Stockland, NSW.

Golfing legend and businessman Greg Norman last year partnered with Sekisui House on the developer’s $300 million housing estate in Gledswood Hills, Norman Estate.

The agreement will also enable Sekisui House to grow its business into Stockland’s masterplanned communities, Elara and The Gables, in the north-west of Sydney.

“Our well-appointed and sustainable SHAWOOD homes have been hugely popular in the south-west and we are excited to be able to introduce more choice and premium housing options to homebuyers in the north-west through this agreement with Stockland,” said Sean Osawa, CEO of residential communities and home building at Sekisui House Australia.

Just last month, Sekisui saw construction commence on its most recent launch at its $1 billion masterplanned community The Orchards in Greater Western Sydney, the 330-apartment strong Lumia.

“Stockland’s proven track-record and focus on delivering high-quality master planned communities aligns closely with Sekisui House’s approach, and the agreement will support strong community outcomes, enhanced sustainability offerings and more choice for homebuyers at all project sites,” concluded Osawa.