- The 99-hecatre Werrington site will be transformed under the proposal
- Includes new housing and 18 hectares of open space
- Project still subject to rezoning and planning approvals, which will commence this year
Developer Stockland has announced a Project Delivery Agreement with Western Sydney University to develop a new mixed-use precinct.
Under the proposed master plan, the 99-hectare Werrington site of the University’s Penrith campus, five kilometres from the CBD, will be transformed into a precinct that integrates with the existing campus facilities.
The sites include Werrington South at 14 Great Western Highway and the Werrington North site at 653-729 Great Western Highway.
The development will feature new housing and over 18 hectares of open space, along with a ‘living laboratory’ for research, education and innovation.
Tarun Gupta, Stockland managing director and CEO, said the partnership is aligned with their strategy which will enable the developer to build a vibrant community in a well-connected urban infill location.
“The existing health and education infrastructure in the surrounding Penrith Quarter precinct provides strong fundamentals for asset creation and management, and the masterplan will allow us to respond to the evolving market demand over time.
“With our shared vision to create a ‘destination for discovery’ underpinned by leading urban design and world class sustainability principles, we are excited by the opportunity to be part of this growing precinct’s success and look forward to progressing plans with the University, local authorities and relevant stakeholders.”
Part of new vision for Western Sydney
The announcement comes as the University is undertaking an ambitious program – known as ‘Western Growth’ – to bolster the University’s campus network, which includes co-creating cities and transformative educational infrastructure.
Barney Glover AO, Vic-Chancellor and President of Western Sydney University added the institution is proud to be partnering with Stockland to deliver the ambitious project.
“This exciting partnership with Stockland is set to transform the site, bringing the University into the town centre and further strengthening our connections and engagement with business, industry and local communities,” said Professor Glover.
“New housing, retail, commercial and social spaces will also help support the growing population, providing much-needed amenities and enhancing the liveability, productivity and sustainability of the surrounding neighbourhood.
“This is a significant initiative that is about securing the University’s future as a world-class institution and its long-term financial sustainability.
“Developing our non-core land allows us to reinvest the proceeds back into the University so we can fund new innovations in teaching and learning, build on our research strengths, and initiate projects that can further strengthen the student experience.”
The project is still subject to rezoning and planning approvals, which will begin this year.