High-growth corridors on company’s agenda
A PROPERTY company mostly backed by foreign investors has outlined plans to build several thousand homes in Cobbitty and surrounds.
The Australian-listed Boyuan Holdings Limited (BHL), the leading proponent behind The Northern Gateway City, has interests in four properties across about 180ha bordering The Northern Rd.
Several thousand homes, shops, schools and open spaces are planned as part of the South Creek West land release.
BHL spokesman Adam Pearce said the company was pursuing a number of development opportunities in southwest Sydney.
“BHL is progressing plans for several key developments in southwest Sydney where there continues to be strong housing demand,” Mr Pearce said.
“Our focus is on highgrowth corridors where there is access to new and existing infrastructure.”
Oxley Ridge Cobbitty, at 421C The Northern Rd, is one of BHL’s projects and is marketed as southwest Sydney’s newest village, with house-and-land packages advertised from $575,000. A subdivision application for 317 residential lots, to be part of Oxley Ridge Cobbitty, is yet to be determined by Camden Council.
Mr Pearce said plans for 128 homes were progressing at 621 The Northern Rd, Cobbitty.
“This is intended to be the first stage of a substantial, high-quality residential and commercial community,” he said.
The ASX-listed property developer is leading a consortium, which includes Scentre Group, Western Sydney University, logistics firm LOGOS and neurosurgeon Charlie Teo, with a view to developing the 344ha Northern Gateway City.
The city, described as “the jewel in the crown”, is in the Western Sydney Aerotropolis.