PROPERTIED

ALDI's High-Tech Hub: New Automated Distribution Centre to Power 200 + NSW Stores In the early stages of planning is an automated distribution centre by ALDI Stores Australia adjacent to Sydney's newest airport. The former poultry farm owned by Ingham is undergoing a master planning process, with enterprise, light industries and a local centre planned. ALDI's automated centre will cover about 90,000 sqm. It is designed to operate with a high degree of automation, with around 80% of the internal process being unmanned. 1540 truck movements a day are expected to supply stores with goods and produce. __________ Don't miss out on any major development news in Sydney. Join 10,500 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Canterbury-Bankstown Moves on Employment Zone Changes With the NSW government standardising employment zones across NSW, all councils are required to update their land use planning rules by April 2025. City of Canterbury Bankstown is in the midst of doing so, having prepared a draft planning proposal to effect these changes. The new employment zonings will provide greater flexibility for landlords and tenants, permitting an array of uses that were not previously permitted. Don't miss out on our write-up about these changes. Join our newsletter here: https://lnkd.in/gzNEX4k5

York Street: Adaptive Reuse of Bank of China Building into 152-Room Hotel Invictus' plans to reposition 39 - 41 York Street from a dormant office building into an upmarket hotel have been recommended for approval. The site is at the southern end of a row of predominately rectilinear towers along York Street. The proposed upgrades include reconfiguring the ground floor to accommodate a lobby, reception and dining areas, and extensive rooftop enhancement for a bar/lounge. The building's facade will receive a modern upgrade, featuring bronze metallic cladding. __________ Don't miss out on any major project news in Sydney. Join 10,500 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

North Parramatta: New Parking Rates for Apartments City of Parramatta at its meeting on 11 June 24 resolved to approve the Parramatta CBD Supplementary Matters Planning Proposal. This proposal was prepared in response to outstanding matters relating from the finalisation of the Parramatta CBD planning proposal. One key change is new parking rates for residential development in North Parramatta. More parking spots are required for apartment projects. __________ Find out more about the new pakring requirements. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Sydney Olympic Park: Over Station Apartment Towers Sydney Metro's compulsorily acquired site on Figtree Drive in Sydney Olympic Park has recently been granted approval for mega over station apartment towers. It is expected on project delivery the site will accommodate over 67,000 sqm of gross floor area across three buildings standing 21, 27 and 45 storeys high. ________ Don't miss out on any major development project in Sydney. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Waverley Shape-Up: Council Moves to Preserve Housing Density Amid Trend of Luxury Redevelopments An emerging trend in Waverley LGA sees existing apartment blocks being replaced with single detached dwellings, large luxury apartments or duplexes. Waverley Council is unhappy with this trend, as R3 and R4 zoned land in the area should be doing the heavy lifting to meet its government-assigned housing targets. Council is now proposing a fundamental change to its local planning framework. It is proposed that any redevelopment in the R3 and R4 zone cannot have less dwellings than existed on the site prior to development. __________ Don't miss out on our write-up about these changes. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Reimagining Chatswood: Balancing Growth, Housing and Commercial Vitality Willoughby City Council is rethinking the future of Chatswood CBD after the office vacancy rate has soared from 5% to north of 20% in the last few years. For over 20 years, Council has prohibited residential development on land zoned E2 Commercial Centre, which is what a large chunk of Chatswood CBD is zoned. Driving this re-evaluation is the huge slowdown in office developments, indicating this is no longer the highest and best use. While build-to-rent housing is permitted under the E2 Commercial Centre following the Housing SEPP, other forms of residential accommodation are not (e.g. build-to-sell). ________ Council has released a discussion paper aimed at exploring new land use stratgies for Chatswood CBD. Join 10,000 + property professionals reading our newsletter and stay informed on what changes are proposed in Chatswood. Join here: https://lnkd.in/gzNEX4k5

Alspec Manufacturing Warehouse: Powering Industrial Growth with Cutting-Edge Aluminium Facility The first major DA has been lodged at Alspec Business Park in Orchard Hills for a circa 40,000 sqm aluminium manufacturing facility. This development proposal comes on the heels of the government's recent rezoning of the broader site to facilitate industrial growth. A minimum lot size of 1,000 sqm was applied on the site to accommodate small and large industrial operations. _______ Don't miss out on any major development project in Sydney. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Montefiore: Randwick Seniors Living Expansion Montefiore's plans to expand its seniors housing offering in Randwick was awarded approval last week. The approval will see an additional 37 x independent living units and 6 x residential care rooms to the Randwick Campus, bringing the total number of rooms to 277. The additional rooms will be developed across 5-6 storeys on a 4,220 sqm surplus parcel of land within the southeastern corner of the 2.94-hectare campus. _______ Don't miss out on any major development project in Sydney. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5

Thomas St, Haymarket: 50 Storeys of Mixed Uses A new DA for a 50-storey slender skyscraper is under assessment by the City of Sydney. The site, which was identified for development uplift in the 2020 Central Sydney Planning Strategy, has undergone significant planning adjustments to unlock its potential. A successful rezoning saw the site's height and floor space ratio improve to 226 metres and 20:1. With declining demand for commercial office space, the DA plans 24 storeys of build-to-rent housing, totalling 279 apartments. Another 10-storeys will be dedicated for 265 hotel rooms and the lower podium levels for high tech and office tenancies. _________ Don't miss out on any major development project in Sydney. Join 10,000 + property professionals reading our newsletter weekly. Join here: https://lnkd.in/gzNEX4k5