Renowned Australian property, hospitality and investment group Aqualand has been tasked with developing one of Sydney’s most hotly anticipated urban renewal projects in recent decades.
Following approval by the NSW Minister for Planning and Public Spaces, Aqualand is set to deliver an inspiring multi-purpose facility at Central Barangaroo. Aqualand’s group head development Ian Devereux says the group is thrilled to see the past eight years of planning come to fruition and provide a bustling community space for the region.
“Aqualand looks forward to working with government and all stakeholders to design and deliver an exceptional outcome at Central Barangaroo,” Devereux says.
The five-hectare site will encompass residential, retail, hospitality and community spaces, in addition to a new metro entry and over two hectares of parkland.
Locals and visitors will revel in the precinct’s 50 new retail destinations focused on lifestyle, luxury, wellness, and food and beverage offerings. The precinct also promises access to multiple civic spaces, greenspace and laneways, including a 270-metre-long and eight-metre-wide boulevard running north-south and connecting Hickson Park to Nawi Cove.
Promising significant economic benefits to the region
Aqualand managing director Jin Lin emphasises the important role Barangaroo plays in maintaining Sydney’s vast and rich cultural and social tapestry.
“We know how important Barangaroo is to Sydney and we are honoured to partner with the NSW government to deliver this critical and final piece of the city’s largest urban renewal project,” he says.
The precinct will bolster the New South Wales economy by generating $2.26 billion in economic activity during construction and an additional $134.1 million each year after construction is completed. The build will facilitate 12,360 jobs (direct and indirect FTE) and 581 direct jobs each year after it is constructed.
New South Wales infrastructure chief executive Tom Gellibrand says the project will transform a formerly overlooked and inaccessible area of Sydney into a cultural, residential, business and retail hot spot. This goal is illustrated by the allocation of more than $220 million into cultural facilities, parklands, public space and a second Metro station entry.
“The final piece of the puzzle can proceed,” Gellibrand says. “Barangaroo is one of Sydney’s most significant renewal projects in decades.”
Lin says Aqualand has ambitious plans for the development and construction of Barangaroo.
“We are committed to creating a world-class precinct that will complement the quality of Barangaroo South and Barangaroo Reserve and elevate the completed Barangaroo precinct to a new standard of excellence.”
Construction is expected to start in late 2025 with the first stage to be completed in 2030.
Renders supplied.
Biyal-a Armstrong Creek Library an exemplar of future-focused multipurpose facilities.
