MARKETING, PHIL BARTSCH, FRI 09 FEB 24
Billionaire developer Maha Sinnathamby has been riding an endless wave of activity for more than three decades as the founding father of Australia’s largest masterplanned city.
And, still, he is perpetually looking for ways to maintain the momentum of growth at Greater Springfield, 25km south-west of Brisbane.
In a rare offering, Sinnathamby’s Springfield City Group is putting a 12.7ha development site on the block to “inject a new wave of activity”—as he puts it—into what is already one of Australia’s fastest growing regions.
The mixed-use City West site is being taken to market with initial approvals in place for a variety of uses—including convenience retail, large format retail, commercial offices, entertainment and leisure, and medium density residential.
“A lot of the heavy lifting has already been completed over the past 32 years with $18 billion of social and physical infrastructure projects completed to date including the $1.2-billion Springfield Rail network with two stations, the $80 million Brighton Homes Arena and the $85 million Mater Hospital, just to name a few,” Sinnathamby said.
“The development will inject a new wave of activity into Greater Springfield and provide further amenity to the rapidly growing region.”
”New retail floorspace needs to grow by 2.2 million square metres to service the population growth over the next decade,” MacGillivray said. “Hence, key retail development sites such as City West are becoming critical as retail demand outweighs supply.”
Gartland said what made the offering so unique was “from a planning perspective, Greater Springfield is like no other city”.
https://www.theurbandeveloper.com/articles/springfield-sinnathamby-land-sale