The scale and complexity of our projects have grown dramatically and our focus has shifted towards a higher proportion of urban renewal projects, in line with Government priorities for Sydney’s future development.
 

One Minto Estate
The first residents moved into the Estate this year, representing a major milestone in the transformation of a poor physical and social environment into a modern and safe community. The 120-hectare, seven-year development worth over $85 million will provide 1,150 affordable private and public housing homes in Sydney’s southwest, as well as $10 million worth of community facilities. These will include six new parks with barbecues and play equipment, a $2 million community centre, upgraded childcare facilities and landscaped streets and footpaths. One Minto is a first for New South Wales, integrating private and public housing into a single development using the very best in urban design in a partnership between Landcom, Housing NSW, Campbelltown City Council and the local community. As part of the project, the NSW Government has invested $500,000 on a five-year education scheme so Minto residents can access training and employment programs.

Prince Henry
The last remaining detached home sites were sold at the Prince Henry project and in January, Randwick Council agreed to the handover of public roads, parks and the beach area. Landcom’s masterplan has transformed this former hospital site to into new residential and community precinct that balances abundant green corridors and open space, ecological wetlands, extensive new plantings and bushland regeneration with modern architecture and heritage buildings.

Green Square Town Centre
We selected a partner to work with Landcom to deliver the first phase of Green Square’s $1.7 billion town centre this year representing the culmination of nearly three years of work. We also completed the demolition of the old Waterloo incinerator at the heart of the future town centre with minimal impact on local business and residents. This marked the end of the first stage of site preparation works. Construction of the six-hectare town centre will begin in 2010. The centre will incorporate a mix of residential, retail and commercial development and public open space comparable in scale to Martin Place. It will provide over 2,500 homes and offices for 7,000 workers and create $3.2 billion worth of investment and 4,000 additional jobs.

Potts Hill
Landcom secured concept plan approval for the $278 million redevelopment of the Potts Hill Reservoirs site. Approved by Planning Minister Kristina Keneally in May this year, this is a major investment in Western Sydney that will boost employment, provide jobs close to home and increase housing supply. About 40 hectares of the site, which is surplus to Sydney Water’s needs, will be redeveloped. Under the approved concept plan, 25 hectares will be developed for residential purposes. A further 15.7 hectares will be developed as a business park to provide long-term employment for 800 to 900 people, while construction of the project will create around 150 jobs. The remaining four hectares of the site will be taken up by three separate areas of public open space. In addition, the plan will deliver more local infrastructure such as pedestrian paths, cycle paths and intersection improvements and will take into account local environmental and heritage issues.

Sydney Water will retain 79 hectares needed for the Potts Hill Reservoir and is building a $45 million state-of-the-art field office within the new business park. Landcom is relocating NSW Police Operations from Zetland to the new business precinct at Potts Hill to unlock the Zetland site for the development of the Green Square Town Centre.

A further 250 construction jobs will be created when work starts on this project early next year.