Wednesday, February 28, 2024
HomeNewsUrban DesignStockland and Lendlease to compete for Waterloo redevelopment

Stockland and Lendlease to compete for Waterloo redevelopment

The Land and Housing Corporation (LAHC) process to choose a developer consortium for Waterloo is now down to two consortia with the successful group expected to be announced in mid-2024. The shortlisted consortia are:

  • Stockland Development Pty Ltd/Link Wentworth Housing Limited/City West Housing Pty Limited/Birribee Housing Limited;
  • Lendlease Development Pty Limited/St George Community Housing Limited.

The two eliminated consortia were:

  • Mirvac/Community Housing Limited/Aboriginal Community Housing Limited/National Affordable Housing Consortium Limited. Mirvac with John Holland are doing the Waterloo “Over Station Development” and also did the redevelopment of South Eveleigh.
  • Frasers Property Australia/Bridge Housing. Frasers pulled out of the process when the NSW government increased the affordable and social housing requirement.

LAHC honoured its undertaking to let tenants know first about such decisions and distributed a Waterloo Renewal tenant letter the day before the media statement titled Final two candidates shortlisted in Waterloo Estate procurement with the story being run in print and behind a paywall at the Daily Telegraph. The previous tender announcement reducing the competing consortia to four only appeared behind in the Australian Financial Review.

In the Waterloo Newsletter December 2023 LAHC has repeated the consortia announcement and emphasising LAHC messaging around the development. The newsletter says relocations will happen in small stages into the local area with six months’ notice and individual support and a right to return. In response to rumours LAHC say no one has been relocated yet as a result of the redevelopment, allocations to the Metro site will happen through relocations not applications and that LAHC does not yet know where redevelopment might start or if those on the Metro Park site might be last.

LAHC also emphasised that the high-rises are not not being developed now and that it is unlikely to be looked at for five to 10 years.

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Geoff Turnbull is the Spokesperson for REDWatch.

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