Alternative Media Group

Bidders go head to head for Barangaroo

Author:

Angus Thompson

Posted:

Thursday, 20 August 2009

Two remaining developers will now battle it out for the right to be the first to build on the Barangaroo waterfront precinct.
Lend Lease and Brookfield Multiplex are being invited to refine and enhance their development proposals for the former shipping docks after the Leighton, Mirvac and Macquarie Capital Group consortia was knocked out of the process.
Design and financial return will weigh heavily in the new criteria, with the developers also charged to keep environmental sustainability in focus in their transformation of the East Darling Harbour neighbourhood.
The Barangaroo Delivery Authority is setting a carbon-neutral standard for the site, proposing for it to generate more energy than it uses and exporting excess water.
Chair of the Barangaroo Delivery Authority, Mike Collins, said that it was important to ensure all aspects of the decade-long development were correct from the outset.
“The proposals have many creative, sophisticated, and high quality features that positively respond to the Government selection criteria, and it is now time to enter into a final phase of the process to achieve the best outcome for the State,” he said.

Lend Lease’s Chief Operating Officer David Hutton said Barangaroo was a significant opportunity to redevelop a currently unused area of harbour foreshore into an innovative and sustainable precinct for the benefit of New South Wales and the people of Sydney.
“We are delighted with the NSW Government’s announcement today that Lend Lease has been short listed for the final phase of the process for the selection of the developer for the Barangaroo project on Sydney Harbour.

“We look forward to continuing to working with government on the next phase of this very exciting project,” he said.
The first stage of construction is expected to begin early next year.

Who will win the bid to develop this prime waterfront site?

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