Property developer Boyuan Holdings has submitted to planning its masterplan for a 344ha "Northern Gateway City" at Badgerys Creek, which is part of Western Parkland City, a massive land development around the forthcoming US$3.8bn Western Sydney Airport.
Boyuan, which is based in Sydney, is a subsidiary of Hong Kong’s Jianyuan Investment. It is part of a consortium that also includes Scentre Group, which develops shopping malls under the Westfield brand. It has the largest single holding the in the new city, which it hopes will eventually house 1.5 million people.
The development will bring together health, education, retail, entertainment and leisure services, potentially creating more than 55,700 direct jobs.
Scentre will handle a 200,000 sq m "town centre", Western Sydney University will create a campus for up to 10,000 students, and International logistics firm Logos will create a manufacturing and logistics hub. The healthcare element will cater to Sydney’s growing population, and hopes to attract patients from the wider Asia-Pacific region.
Boyuan is still lobbying the Australian authorities to change the route of the M12 motorway so that it runs nearer to the gateway, and is also calls for the construction of an underground station.
Boyuan has now submitted a planning proposal to Penrith City Council to fast-track the early release and rezoning of its land holding in accordance with its masterplan which includes the consortium’s preferred road and rail transport corridors.
Image: Boyuan Holdings’ masterplan includes the as-yet unbuilt M12 motorway (Boyuan Holdings)