Stockland ASX Announcement: Waterloo Renewal Project Preferred Proponent

Waterloo Renewal Project Stockland (ASX:SGP) today announces that along with its consortium partners Link Wentworth, City West Housing and Birribee Housing it has been confirmed as the preferred proponent to deliver the Waterloo Renewal Project with Homes NSW. 

The Waterloo Renewal Project will be one of Australia’s largest and most significant inner city renewal initiatives, delivering a sustainable mixed tenure community of over 3000 apartments including 50% social and affordable housing. The project is expected to be delivered over multiple stages with anticipated commencement of works in 2027, subject to all relevant planning and internal approvals. 

Mr Tarun Gupta, Stockland Managing Director and Chief Executive Officer said, 

“We are privileged to be selected by Homes NSW as the preferred proponent to deliver the Waterloo Renewal Project with our consortium partners., Link Wentworth, City West Housing and Birribee Housing. 

“In collaboration with our partners and the local community, Stockland will deliver this critical renewal project for Sydney’s inner city. 

“Building on our 72-year legacy as a leading creator and curator of connected communities, we look forward to working with Homes NSW, our partners and the community to deliver vibrant and inclusive spaces, with high quality homes for all the residents.” 

The transaction remains subject to completion of documentation and all relevant approvals. 

Stockland will announce its FY24 results on 22 August 2024. 

Source:https://www.intelligentinvestor.com.au/shares/asx-sgp/stockland/announcements