Sydney’s future looks west: $5bn smart city kicks off - Ironfish

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Sydney’s future looks west: $5bn smart city kicks off

In March this year, all 3 levels of government together announced a $20 billion plan to create a Western Sydney Aerotropolis, which would deliver 200,000 knowledge jobs in the region.

Last month, the centrepiece of the plan – a new airport at Badgerys Creek – kicked off, with contracts awarded to start earthmoving works by the end of this year.

Sydney Science Park

Now, the first major development around the new airport is underway, with a sod-turning ceremony signalling the start of a new $5 billion project – Sydney Science Park.

property investment sydney

Sydney Science Park is expected to deliver 12,000 ‘knowledge-based’ jobs to Western Sydney

Located approximately 3km from the new Western Sydney Airport and set over 280ha, Sydney Science Park is designed to create a world-class centre for research and development in the heart of Western Sydney.

Sydney Science Park is expected to deliver over 12,000 knowledge jobs and cater to over 10,000 students.

Partnership agreements have been formalised with CSIRO, the Catholic Education Diocese of Parramatta (CEDP), Australian Nuclear Science and Technology Organisation (ANSTO), and the Westmead Health Precinct’s 7 health, education and research organisations.
Sydney Science Park is also set to house NSW’s first ‘pre to post’ (preschool to beyond Year 12) STEM School, in collaboration with the CEDP.

Australia’s first smart city

The project is being delivered by Western Sydney-based property group Celestino, with the goal of creating Australia’s first ‘smart city’.

“We’re creating an ecosystem that will house some of the nation’s leading scientific institutions and providing educational opportunities for Western Sydney, such as our STEM school, that haven’t been seen before,” Celestino chief executive John Vassallo said.

“Our project is a real example of the types of opportunities that are going to open up within the Western Sydney Aerotropolis and we’re proud to be the first to turn our vision, into a reality.”

NSW Minister for Western Sydney, Stuart Ayres said, “Sydney Science Park is a microcosm of the wealth of investment happening across Western Sydney and will continue to attract like‐minded businesses and organisations and generate an innovation ripple‐effect across the rest of the region.”

Celestino anticipates that the first of its commercial buildings along with the STEM school will be operational by 2021.

Property investment Sydney

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