Greenland Australia wins tender for Lachlan's Line sites

UrbanGrowth NSW today confirmed that a subsidiary of Greenland Australia Investment Pty Ltd has been awarded the tender for two superlots at Lachlan’s Line, near North Ryde station, at the gateway to the Macquarie Park employment corridor.

The mixed use superlots are central to the new development, and have potential for more than 800 apartments and a neighbourhood retail precinct.

“UrbanGrowth NSW congratulates Greenland on their vision for the Lachlan’s Line mixed use precinct,” said UrbanGrowth NSW Chief Executive, David Pitchford.

“Greenland’s design incorporated high quality urban spaces connected with parks, and activated by retail and community facilities.”

Greenland Australia is the developer behind Greenland Centre Sydney, a $600m apartment and boutique hotel project on the former Water Board headquarters site in Sydney.

“Greenland is committed to building something truly spectacular and of first-class standard for Macquarie Park that will transform the site into a vibrant and active mixed-use precinct,” said Sherwood Luo, Managing Director of Greenland Australia.

“Greenland looks forward to working hand-in-hand with UrbanGrowth NSW to realise their vision and create something special for the residents and its community.”

UrbanGrowth NSW will be coordinating the delivery of the planning, civil infrastructure, and public amenity for the new community including the parks, roads, public art and a pedestrian and cycleway ‘Helix’ bridge which will link Lachlan’s Line to North Ryde train station.

UrbanGrowth NSW started a two-stage sale process in November 2014 to select a preferred tenderer to purchase and develop the future mixed-use precinct at Lachlan’s Line.

Proceeds from the sale will be largely reinvested into new urban transformation projects which will drive Sydney’s global competitiveness.

The tender campaign was managed by CBRE and Matrix Property on behalf of UrbanGrowth NSW. The tender process closed on 28 July 2015.

Media Contact
Sarah Turner (UrbanGrowth NSW) 0419 153 179
Zan Davies (Greenland) 0407 669 969

About UrbanGrowth NSW
UrbanGrowth NSW is the NSW Government’s city transformation agency. Our ambition is to drive world-class urban renewal that will deliver housing and jobs growth, and improve the amenity and liveability of our urban spaces. We collaborate with government, private and community stakeholders in the planning and delivery of our projects.

About Greenland Australia
Greenland Australia is a subsidiary of global property company, Greenland Group, headquartered in Shanghai, China. Greenland Australia is currently planning or developing an extensive diversified portfolio of residential and commercial properties. Current projects include ‘Greenland Centre Sydney’ in the Sydney CBD which will be Sydney’s tallest residential building,‘Omnia’ in Potts Point, ‘Lucent’ in North Sydney and ‘Leichhardt Green’ in Leichhardt.

Greenland Group was established in 1992 and is a pioneer in China’s integrated real estate market. It currently ranks 258 in 2015’s Fortune Global 500, and is the fastest growing company in China and third-fastest in the world.

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