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    Sydney shortlists five bidders to develop Central Barangaroo

    David Wheeldon

    Developer groups Cbus, Frasers, Grocon, Lend Lease and Mirvac are now competing to shape Central Barangaroo, three parcels of land on the Sydney Harbour waterfront.

    Design excellence was among the key criteria that developer submissions were assessed upon, before being shortlisted to provide formal bids.

    Unnamed, indicative artist impressions were also issued, as remain subject to approval. Pictured below.

    Below is the announcement from Barangaroo Delivery Authority.

    Artist impression of Central Barangaroo April 2014  Subject to planning approval

    The Authority stated:

    The delivery of a new Sydney Harbour waterfront development moved a step closer today following the shortlisting of five companies for Central Barangaroo.

    Barangaroo Delivery Authority, Chief Executive Officer Mr John Tabart said the short-listing was the next step in unlocking the last piece of Barangaroo – Sydney’s most exciting urban renewal precinct.

    “Central Barangaroo will be an active and diverse mixed use area located between the financial quarter of Barangaroo South and the natural beauty of the Headland Park”.

    “Submissions received from national and international developers and investors as part of the extensive Expression of Interest (EOI) process were of a very high quality,” said Mr Tabart.

    Of the 16 expressions of interest received, five developers have been shortlisted for each of the three development parcels, which in total cover two hectares of the five hectare Central Barangaroo site.

    Artist impression of the Sydney Steps at Central Barangaroo November 2013  Subject to planning approval

    The five short-listed candidates for each of the three parcels are:

    • Cbus Property
    • Frasers Property Australia
    • Grocon
    • Lend Lease
    • Mirvac

    The expressions of interest were assessed by two evaluation panels supported by technical experts and overseen by a probity advisor. Key assessment criteria included capability, finance, risk, design excellence and public benefit.

    The Authority will now invite the shortlisted developers to prepare and submit formal bids on each of the individual parcels (based on 99-year leases) with options to submit bids that combine two or more parcels.

    A decision on the next stage of the process is expected mid-2015.

    Central Barangaroo will complete the missing link in 14km of Sydney Harbour foreshore access between Woolloomooloo and the Anzac Bridge.

    “The open space will be available for interim use by mid-2015 – around the same time the six hectare Headland Park to the north will be opened for the people of Sydney to enjoy,” said Mr Tabart.

    Construction at Central Barangaroo is expected to be underway by mid-2016 and completed by 2021.

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