Investors are said to be moving into the $5.3 billion 13.25 hectare walkway development at the entrance to Western Sydney’s Nancy-Bird Walton Airport.
Australian property development and fund management group Charter Hall would be the project’s preferred partner, according to a report by The Australian Financial Reviewafter responding to expressions of interest.
The land in question was the first to be released for development in what will soon be Western Sydney Airport’s 200-hectare business district, after the EOI process began in November 2021.
Western Sydney Airport (WSA) has previously stated its intention to work closely with the chosen investor to define how the gateway site will be managed, and has suggested that this particular site could house a hotel, retailers, medical facilities, etc.
In a statement, WSA said: “Submissions closed on February 1 and WSA is now working with a preferred partner to assess the opportunity, and we will have more to say about this in due course,” WSA said in a statement. communicated.
The deal, when finalized, could be worth more than $80 million.
Located at the airport’s main entrance, the land provides a connection to the planned M12 motorway, which connects Western Sydney’s M7 to the new airport, as well as the upcoming Sydney Metro line covering the Airport to St Marys.
“We offer a new opportunity to not only be located on the doorstep of this unprecedented transformation, but also to partner to help shape it and bring a combined vision to life,” Chief Executive Simon Hickey said, announcing for the first time releasing the land. .
“Western Sydney International Airport is the catalyst for incredible transformation in western Sydney, including billions invested in new infrastructure and the creation of the new Bradfield town centre,” said Hickey.
“It’s a chance to get on board from the start and to grow with the airport and the region. The business district will eventually span approximately 200 hectares, roughly the size of Parramatta CBD.
“In a first for Sydney, our business district will be linked to 24/7 airline operations, opening up a world of opportunity that has never before existed in this city.”
It comes a month after DHL bought a 24-hectare plot in a development near Western Sydney Airport, where it intended to build four logistics warehouses.
In November, construction of the passenger terminal at the new Western Sydney Nancy-Bird Walton Airport officially began, with the project on track to open to the public in 2026.
Announcing the major milestone at the airport site, Minister for Communications, Urban Infrastructure, Cities and the Arts, Paul Fletcher, said construction of the airport was now a quarter complete.
“Despite the challenges of the global pandemic, work has continued to progress with almost 22 million cubic meters of earth now moved to the site to date – which is around three times the size of Sydney CBD – and the airport is set to open in late 2026,” Fletcher said.
“Today we are announcing that another major milestone has been reached, with work underway on the new state-of-the-art integrated passenger terminal, which will have the capacity to accommodate up to 10 million passengers per year once opened.”
Fletcher said the airport is being built “from the ground up” to prioritize a seamless customer experience and will be “state of the art infrastructure” that is “an integral part of the surrounding aerotropolis and the wider Western Parkland. city”.