Sale of Warnervale Town Centre site brings precinct one step closer to delivery UrbanGrowth NSW has completed its involvement in the Warnervale Town Centre, following the exchange of contracts for the sale of its landholding to a preferred developer.
The 12.5ha site received strong interest from a number of prospective buyers, and was offered for sale with an existing development consent for the subdivision of 134 residential lots over part of the site fronting Sparks Road. This approval will facilitate development works commencing in 2017.
The sale was made possible after UrbanGrowth NSW completed lead- in infrastructure and services and the main entry road as part of a jointly funded servicing agreement with Woolworths and the Central Coast Council.
UrbanGrowth NSW Head of Western Sydney Projects Portfolio Matthew Beggs welcomed the sale, saying it would help the town centre concept to be realised.
“This sale is an exciting milestone in the future of the Warnervale Town Centre, and UrbanGrowth NSW is very pleased to have played our part in helping bring it to life.” The sale follows a Public Tender facilitated by Jones Lang LaSalle which closed on 22 August 2016.