Badgerys Creek
The Badgerys Creek area was confirmed as the site for the new Western Sydney Airport. Construction of the airport has commenced and is due for completion in 2026. The subject site offers direct access to the new airport as it is situated opposite the subject property.
Project Description
Project Location
The subject property comprises a 39,560 sqm site within Badgerys Creek.
The Badgerys Creek area was confirmed as the site for the new Western Sydney Airport. Construction of the airport has commenced and is due for completion in 2026. The subject site offers direct access to the new airport as it is situated opposite the subject property.
Project Development
The subject site benefits from an Enterprise Zoning within the Local Town Plan. Such planning use includes but is not limited to: encouraging business and employment within Professional Services, High Technology, aviation, logistics, food production and processing, health and creative industries.
Project Loan Details
The Borrower acquired the property in July 2022 at AU$14.5M. Subsequently, due to increased demand for industrial land and a shortage of supply, the value of the site has seen an uplift to AU$16.5M.
It is intended that the loan will be repaid via a sale of the asset or refinanced, once Development Approval has been obtained.
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