Redevelopment of Macquarie Park's Ivanhoe estate
18 August 2017
Frasers Property:
Mission Australia Housing, Frasers
Property Australia and Citta Property Group to transform Macquarie
Park’s Ivanhoe Estate into vibrant, integrated neighbourhood.
The development of a new mixed tenure community in
Sydney’s Macquarie
Park is set to redefine the way social, affordable and market housing
are integrated together to provide a sustainable and inclusive
neighbourhood for people from all walks of life.
The Aspire consortium, comprising community housing provider Mission
Australia Housing with developers Frasers Property Australia and Citta
Property Group, has been appointed by the
NSW Government to redevelop
and transform its 8.2 hectare Ivanhoe estate in Macquarie Park, under a
project development agreement.
The project is part of the NSW Government’s Communities Plus program to
redevelop and grow the Government’s social housing portfolio. Frasers
Property Australia and Citta Property Group will bring their design and
delivery expertise in integrated communities and Mission Australia will
provide their extensive experience and ongoing services to ensure the
success of the social housing model.
The innovative project is estimated to have an end value of
approximately $2.2 billion and will see the creation of over 3,000 new
dwellings, providing homes with access to infrastructure, transport,
services and jobs, along with quality amenities and open green spaces to
support a new vibrant, safe, integrated, cohesive and sustainable
community.
The redevelopment of the Ivanhoe estate will seamlessly integrate
private housing with at least 950 new social housing dwellings and 128
affordable homes. The social housing will be of the highest contemporary
quality, sustainability and comfort with all social housing tenants
having access to low to zero cost heating in the future development.
This important urban renewal project will also integrate a new high
school, residential aged care facility with a seniors’ wellness centre,
two childcare centres, a supermarket, cafés and specialty retail shops,
jogging track, nature based playgrounds and exercise stations,
basketball court, open green spaces and community gardens.
Mission Australia will have staffed offices on-site to assist in the
delivery of support services and programs to strengthen the local
community.
Mission Australia CEO Catherine Yeomans said the new development will be
a positive, evidence-based model for an inclusive and integrated
community that provides homes and a community for people from varied
socio-economic backgrounds.
“Everyone deserves a safe place to call home and everyone who lives in
the Ivanhoe community will have the opportunity to fulfil their
potential and connect with people in the neighbourhood, as well as
having easy access to education, transport, jobs and services in the
area,” Ms Yeomans said.
“Without a stable and safe place to call home, connecting with a
community, raising a family, maintaining health and wellbeing and even
just getting to work become major challenges. Ivanhoe provides essential
community infrastructure as well as secure accommodation, and will be an
inclusive and safe place to live,” she said.
Mission Australia Housing Executive Chris Bratchford added: “We know
that mixed tenure, high density communities benefit from smart design,
supportive management and proactive community building. This approach
has been the foundation for our collaboration with Frasers Property and
Citta Property Group.”
Rod Fehring, Chief Executive Officer of Frasers Property Australia, said
Ivanhoe will blend best practice urban design, iconic architecture and
world leading sustainability to transform the former social housing
estate into a world-class residential neighbourhood.
“With a focus on design and a holistic approach to environmental and
social sustainability, the redevelopment of the Ivanhoe estate will be a
flagship project for NSW, demonstrating how the government and private
sectors can work together to deliver necessary social and affordable
housing by taking a true long-term community view,” Mr Fehring said.
Stephen McMillan, Managing Director of Citta Property Group, said the
consortium would bring a unique combination of skills and experience to
this significant and innovative government project.
“Citta and Frasers Property have collaborated on a number of complex
projects and with Mission Australia as part of the team, we look forward
to creating an integrated and connected community for residents which
they will be proud to call home,” said Mr McMillan.
Targeting a 6 Star Green Star Communities rating, the consortium aims
for the Ivanhoe community to be carbon neutral in operation.
The development will incorporate a 1.5 megawatt photovoltaic system,
green roofs, and will capture and re-use water. There will also be a
focus on use of recycled materials and waste minimisation through
construction.
Community wide initiatives such as extensive landscaped public domain, a
car sharing scheme and active transport facilities will be complemented
by health and well-being metrics through local programs and
partnerships.
An integrated infrastructure solution with solar PV to reduce
electricity peak demands, high efficiency centralised hot water, smart
metering technology and minimised use of on-site gas will deliver
reduced utility costs to residents.
The existing colony of protected Sydney Turpentine Ironbark trees will
be preserved and the ecological corridor along Shrimptons Creek will be
regenerated.
The project will also include new road intersections, local
infrastructure upgrades and parking provisions, while a new bridge will
connect residents with Macquarie Business Park.
As part of the project, dedicated funding generated through the
redevelopment will be reinvested in social outcomes over 20 years.
Mission Australia will coordinate a comprehensive suite of tailored,
person-centred supports and services for social housing tenants who
elect to access them. This approach will enhance social housing tenants’
capacity to achieve safety, stability and independence through
employment, helping people to progress to alternative housing options.
“All levels of government should be looking to strengthen communities
and directly assist households experiencing financial stress due to
housing costs. Ivanhoe is an evidence-based model that provides
affordable rental housing as well as much-needed social housing,
ensuring that many people in real need will have a safe and secure home
in a vibrant and well-connected community,” said Ms Yeomans.
--ENDS--
Source: Frasers Property - www.frasersproperty.com.au
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