- PAYCE and Deicorp will join forces to deliver Melrose Central retail and residential precinct
- Melrose Central to become main service and entertainment provider for Melrose Park, currently undergoing a $6B transformation
- Development to be serviced by Stage 2 of the new Parramatta Light Rail
Australian developer PAYCE has partnered with privately-owned Sydney developer Deicorp to deliver Melrose Central, a retail and residential site in Melrose Park.
PAYCE are the visionaries behind the Melrose Park precinct, a $6 billion major urban renewal project that is set to transform the western Sydney suburb of Melrose Park.
The Melrose Park Precinct, a joint venture with Sekisui House Australia, includes around 6,000 new apartments, a town centre, community amenities, abundant parklands, and the Melrose Central retail village.
Melrose Central was recently approved by the NSW Department of Planning, given the green light for approximately 30,000 sqm of retail space and nearly 500 apartments.
The retail centre will be serviced by the Parramatta Light Rail, with the necessary infrastructure built during Stage 2 of the rail line’s development. It has also been proposed for the Melrose Park station to be built at the entrance to Melrose Central.
Melrose Central will consist of a total GFA of 73,000 sqm, with the centre including supermarkets, a medical centre, childcare, gymnasium, and 4,000 sqm private hospital, cementing itself as the main service and entertainment precinct for the suburb.
PAYCE Spokesperson Dominic Sullivan said the development group is committed to seeing the vision for Melrose Park become a reality, and is delighted to be working with Deicorp.
“Melrose Central will see the creation of around 1,500 permanent jobs in retail and commercial services, while providing well-located housing a stone’s throw from Sydney’s second CBD.”
Dominic Sullivan, PAYCE Spokesperson
Deicorp Chairman Fouad Deiri said Melrose Central is a fantastic site, calling it a “credit to the vision of PAYCE.”
“We are delighted to be working together with PAYCE on what will become the key destination on the route of the new Light Rail that links Parramatta with Sydney Olympic Park.
“And with a new station on the doorstep of the site, it reinforces our shared
commitment to delivering great transport connected developments,” added Mr Deiri.
With the addition of its latest Melrose Central project, Deicorp’s impressive pipeline will now see the developer deliver another 3,000 apartments over the next 5 years in addition to the 3,000 currently under construction.
