A major new retail hub is in the works for western Sydney’s Eastern Creek.
Frasers Property Australia has been awarded exclusive development management rights by Western Sydney Parklands Trust for a major new trail centre of up to 50,000 square metres at Eastern Creek.
Proposals show the new retail hub would be built in four stages over a five-year period. The 15.7 hectare site on the Great Western Highway between Rooty Hill Road South and the M7 will create more than 1,000 local jobs, 500 construction jobs and generate more than $100 million of investment in western Sydney, a joint release from Western Sydney Parklands and Frasers Property said.
“The new retail centre will contribute to creating a long-term recurrent income stream for Western Sydney Parklands Trust, which will allow the Trust to manage the remainder of the Parklands and deliver significant benefits to the Western Sydney community,” said Suellen Fitzgerald, executive director of Western Sydney Parklands Trust.
“By activating vacant land with low recreational ecological value, Western Sydney Parklands Trust is generating funds to develop and manage the adjacent Bungarribee Park, expand the 1,000 hectare biodiversity corridor and create more cycling and walking tracks for the community to enjoy.”
The development management agreement creates an exciting opportunity to plan and develop almost 16 hectares of land in one of Australia’s largest growth corridors, Peri Macdonald, executive general manager – retail at Frasers Property Australia said.
“The new centre on the Great Western Highway will be within a 15-minute drive for 330,000 people and within a 30-minute drive for 1.2 million. The main trade catchment will extend south to Eastern Creek and to Arndell Park in the east.”
The new development is consistent with the provisions within the State Environmental Planning Policy (Western Sydney Parklands) 2009 and the adopted Plan of Management.
Construction of the new Eastern Creek retail centre is likely to begin in early 2017.