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OtherRalph NicholsonFri 21 Jul 23

Mulpha Wins Tender for Metro Towers in Sydney’s North-West

Mulpha Metro Hero

Mulpha Australia has won the tender to develop three multi-level mixed-use towers on the Norwest Metro Station site, part of the biggest public transport project in Australia.

The contract calls for three towers of 13 to 21 storeys on two podiums at 25-31 Brookhollow Avenue, Norwest, about 35km from downtown Sydney.

The development, next to the Norwest station, will deliver up to 52,000sq m of new commercial office space, short-term accommodation, food and drink, and other retail opportunities.

The new buildings will have direct access to the metro station.

Mulpha head of developments Tim Spencer said the project would be a gateway to and from Norwest, and an integral part of Mulpha’s broader planning vision for Norwest.

“It will be a transit-oriented commercial development that aims to increase job supply in Sydney’s north-west and set the benchmark for the next phase of Norwest’s vibrant business centre,” Spencer said.

“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.”

Norwest Metro Station serves the Metro North West Line and was built as part of the Sydney Metro project, which includes the construction of 31 stations and a 66km metro line by 2024.

Mulpha Australia—part of the Malaysian real estate giant of the same name—owns and operates the 377ha Norwest Business Park that today houses more than 800 national and international companies, which employ about 30,000 people in the area.

An artist's impression of the Mulpha's masterplanned development in Norwest.
▲ The Norwest Metro Station, part of the Sydney Metro project, which includes the construction of 31 stations and 66km of metro line by 2024.

Touted as “a lifestyle and economic hub”, Mulpha has been transforming the business park into what it describes as a ‘smart city’.

In August last year the developer and investor began construction of the first stage of its ambitious $1-billion masterplanned development, known as Norwest Quarter.

The plans, which will eventually deliver nine residential towers ranging from 8 to 26-storeys and comprising 864 apartments, were given the green light in late 2019.

“We will continue to engage the best brains from Australia and around the world and aim to set new benchmarks in smart design, physical and digital connectivity, and environmental sustainability,” Spencer said.

Last month, the Clean Energy Finance Corporation handed Mulpha Australia an $80-million loan for the first two towers in the energy-efficient apartment development.

Mulpha said the ANZ bank had lent it a further $80 million for construction of the towers, which was expected to lead to cuts in energy costs of as much as 50 per cent.

In awarding the metro station contract, Sydney Metro and Landcom—the NSW government’s land and property development arm—said they would continue to work closely with Mulpha to ensure the site development met all planning requirements.

OtherRetailResidentialOfficedo not useAustraliaSector
AUTHOR
Ralph Nicholson
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Article originally posted at: https://theurbandeveloper.com/articles/mulpha-wins-tender-for-metro-towers-in-sydney-s-north-west