This article is from the Australian Property Journal archive
THE planning framework for the Western Sydney Aerotropolis precinct has now been finalised, laying the foundation for the transformation of 6,500 hectares of land around the future Nancy Bird Walton Airport in Badgerys Creek.
The Western Sydney Aerotropolis Development Control Plan Phase 2 (Phase 2 DCP) is now complete and provides guidelines for development in the Aerotropolis, including specific controls to support building design, construction standards, stormwater management, and heritage and environmental conservation.
“We’ve listened to the community and finalised these plans in line with their feedback, including downsizing and streamlining the framework to make it clearer,” said the Department of Planning and Environment’s executive director planning & land use strategy, Catherine Van Laeren.
She said the completion of the planning framework will enable the development process to begin across the initial precincts in Aerotropolis, which are expected to create potential for 100,000 new jobs by 2056.
The initial precinct are known as the Aerotropolis Core, Badgerys Creek, Wianamatta-South Creek, Agribusiness and Northern Gateway.
Finalisation of the planning framework comes just as 200 acres of land between Luddenham Village and the western pocket of the airport comes to the market with expectations of $70 million.
In the middle of the year, a historic 6.67-hectare parcel of land in Luddenham sold for the first time in 152 years, which followed a $70 million, 200-key Marriott-branded offering being announced as the first hotel to open in the Aerotropolis at the future airport.
Logistics company DHL has bought 24 hectares of land in the precinct for $140 million, with plans to develop four warehouses worth $180 million. The land was bought from Roberts Jones Pty Ltd, which acquired 344 hectares of land last year for $499 million and is developing 240 hectares into an industrial and logistics estate.
Under the infrastructure contribution framework, developer contributions will fund as much as $1.1 billion in infrastructure, including roads, public transport, health facilities and schools.
The Western Sydney Aerotropolis Precinct Plan was finalised in March.
Construction of the first runway and terminal is nearing completion, with the full airport to be operating by 2026.
