LENDLEASE GROUP | First DAs submitted for Waterbank |
| 15 September 2015 |
Perth, 15 September 2015: Lendlease, Australia's leading property and infrastructure group, has submitted its first Development Applications to the Metropolitan Redevelopment Authority for the flagship $1billion urban regeneration project, Waterbank. Spanning six hectares and with an estimated construction period of six years, when completed Waterbank will transform a largely unused part of the city into a dynamic destination for the people of Perth. The first application seeks approval for a 32 storey tower with 269 apartments and town house dwellings complemented by restaurants and retail at the ground floor. Development Director of Lendlease's Urban Regeneration business in Western Australia, David Ockenden, said Waterbank's design will embrace its gateway urban location and unique position on the Swan River. "The vision is to build on these physical attributes to create the perfect urban lifestyle that benefits from the amenity of living in the city while also being on the banks of a beautiful river," he said. "The first building will deliver an elegant architectural form and is located on the extension of Perth's main street, as it extends through Waterbank to meet the river. "Mr Ockenden said the company was excited to begin the next phase of Waterbank - Lendlease's first major mixed-use urban development in Perth. The second application, in two parts, is for the Waterbank Sales and Information Centre that will sit on the banks of the Swan River and provide a place to visit and experience what is in store for Waterbank. "We're going to provide Waterbank's residents, workers and visitors with new and diverse public spaces, bespoke riverside dining and leisure experiences, contemporary apartments at a variety of price points and a workplace not available anywhere else in Perth,"Mr Ockenden said. "Waterbank will importantly also set new standards in environmentally sensitive and sustainable development and this first building will be designed to achieve a Green Building Council of Australia 5 Star Green Star rating which represents Australian excellence. "Lendlease expects to lodge its next round of Development Applications that will seek approval for the public areas of the site, within weeks. Works will commence early next year. ENDS
For further information, please contact: About Lendlease Lendlease is a leading international property and infrastructure group. Listed on the Australian Securities Exchange and with circa 12,600 employees worldwide, Lendlease's capabilities span the property value chain. In Australia we offer development management; investment management; project management & construction and asset & property management. Our expertise covers multiple sectors including commercial, residential, retail, retirement and infrastructure. |
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