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Plans lodged for $900 million Sydney mixed-use project

George Sell Uploaded 09 November 2020 Australia: The Waterloo Metro Quarter project in Sydney will feature apartments, student accommodation and office space.

ASX-listed Mirvac and joint venture partner John Holland have lodged plans for the over-station development project in Sydney’s inner south.

The development, which will be delivered in collaboration with the NSW government, comprises a 35,000 square metre, 17-storey office building, 24-storey apartment building and a 25-storey student accommodation building set to be operated by Iglu.

The project sits within the Waterloo State Significant Precinct, a 20-hectare area in central Sydney that has been identified for urban renewal.

The proposal also includes more than 2,200 square metres of public open plazas, retail laneways and community space.

The consortium said it had worked closely with local community groups to create the place-making strategy to support its development application, which will be on public exhibition until early December.

Mirvac chief investment officer Brett Draffen said: “By providing more options for people to work closer to home, our design gives careful consideration to supporting post-Covid-19 lifestyles and the needs of future generations. With more people choosing to work closer to home in lower density, green environments, Waterloo Metro Quarter is designed to unlock the value of the metro.”

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"ULF is a long needed innovative approach. The blend of content demonstrates that hospitality provides the increasingly crucial thread through so many real estate classes and not only refers to traditional hotels and serviced apartments but has already permeated the residential markets in their increasingly varied formats. Now these services are expanding into the residential innovative care and office markets in the UK and overseas. We are witnessing the market converging at pace as investors seek optimum yield across a variety of urban asset classes. These are exciting and pioneering times and I look forward to expanding my horizons at this unique event"

Laurence Geller CBE, CEO Geller Capital Partners

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