This article is from the Australian Property Journal archive
MULPHA has been selected by the NSW government as the successful tenderer to develop the site adjacent to the Norwest Metro Station, with a vision to build three towers integrating business, education and retail uses.
The development at 25-31 Brookhollow Avenue is “intended to serve as the central civic gateway for the rapidly emerging Norwest town centre”, Mulpha said, and will sit atop two biophilia-designed mixed-use podiums with a public plaza that will be activated by community spaces, dining and shopping.
“Importantly, it will be a transit-oriented commercial development that aims to increase job supply in Sydney’s northwest and set the benchmark for the next phase of Norwest’s vibrant business centre,” said Mulpha’s head of developments, Tim Spencer.
“Mulpha is thrilled to have been chosen to activate this landmark development site which will be the civic gateway to and from Norwest, and an integral component of Mulpha’s broader planning vision for Norwest. It will be the centrepiece in delivering another step-change to the Norwest Smart City vision.
“We want to create an environment that engages people and fosters the connectivity and creative energy that will underpin Norwest as a lifestyle destination and dynamic business centre in the global knowledge economy. This won’t just be somewhere to pass through on your way to somewhere else. It will be central to ensuring Norwest is a great place to live, work and play.
Mulpha said it would work closely with Landcom, Sydney Metro, Hills Shire Council and the state government to ensure planning requirements are met and the development delivers on its full potential.
Last month, Mulpha obtained the backing of the Clean Energy Finance Corporation (CEFC) with an $80 million green loan for its Norwest Quarter development in the Hills that will help cut energy costs by as much as 50 percent. The CEFC position is being matched by an $80 million green loan from ANZ.
Construction is underway on the first stage of the zero-carbon nine-tower residential development.
Also in Norwest, Mulpha has also recently completed construction of “The Bond”, a 12,000 sqm timber and glass commercial building with a focus on health and medical tenancies to support Norwest Private Hospital. Prior to completion, Mulpha had sold 100% of the 64 strata suites, ranging from 50 sqm to 840 sqm, to a mix of owner-occupiers and investors.
Mulpha has also lodged a planning proposal for the adjacent Norwest Marketown Shopping Centre.
Norwest Business Park is home to 800 organisations employing over 30,000 people. Mulpha said the number of jobs could double over the coming decades.
