This article is from the Australian Property Journal archive
PERTH-based Golden Sedayu is set to transform Burswood Point with a $3.8 billion mixed-use project will be delivered over the next decade.
Sitting on the banks of the Swan River and adjacent to Perth’s new 60,000 seat stadium and Crown Perth resort, Burswood Point will deliver 4,500 residential apartments, office and retail space.
“At 38 hectares, Burswood Point is one of the largest urban development projects ever undertaken in Australia, and certainly the most ambitious mixed-use redevelopment currently underway in Perth,” said Andrew Sugiaputra, managing director at Golden Sedayu.
“With its dress circle position across from the Perth CBD, Burswood Point is set to become a destination in its own right – home to a range of premium tourism and recreational facilities, including markets, riverside parks, a shopping centre and luxury hotel.”
The development will also deliver 110,000sqm of public open space, with the site boasting more than 2.5 kilometres of Swan River foreshore. This in addition to a range of parklands, beaches, playgrounds, and active recreation spaces
“Over the past few years, we have been busy preparing the site, building infrastructure and finalising our plans in conjunction with the State Government and the Town of Victoria Park,” added Sugiaputra.
This includes $80 million in siteworks that have already been completed, including access roads, waterworks and sewer pump station, bulk earthworks importing more than 300,000sqm of sand, road works, and a new bridge connecting Victoria Park Drive to Burswood Point.
“Approvals have already been secured for the precinct plan and for construction of 74 luxury riverside homes,” said Sugiaputra.
“Development applications for two premium apartment towers consisting of 206 units and four retail tenancies on the north of the site have been lodged, with another application for two more towers due to be lodged later this month.”
The project is set to inject more than $10 billion into the Western Australian economy and generate 25,700 jobs in the state over the coming decade.
“The sheer size of Burswood Point means this development will take more than a decade to deliver in full,” added Sugiaputra.
The first homes and apartments at Burswood Point are scheduled to go on sale early in 2024, with the balance to be released as approvals are granted.
