Work begins on Sydney’s new $5b Science Park

Work begins on Sydney’s new $5b Science Park

10 August 2018

Construction of the Western Sydney’s Science Park”, or Aerotropolis, has officially commenced with the turning of the first sod at Sydney’s new Science Park, reports The Urban Developer.

The sod‐turning ceremony, attended by Federal Minister for Urban Infrastructure and Cities, Paul Fletcher MP, signals the start of development at the 280‐hectare Luddenham site, which is ultimately expected to deliver more than 12,000 smart jobs, educate 10,000 students, and provide over 3,000 new homes.

The $5 billion Sydney Science Park is owned, and being delivered by Western Sydney‐based property group Celestino.

Celestino CEO John Vassallo said the milestone was the culmination of years of collaboration with government, industry, and the community and was the first step towards the realisation of Australia’s first ‘smart city’.

“This is the first major development to spring to life off the back of the Western Sydney Airport and our plan has always been to leverage the global opportunities that come with having Badgerys Creek at our doorstep,” Mr Vassallo said.

“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.

“Our goal is to cement Sydney Science Park, and Western Sydney, as the nation’s leader when it comes to education, innovation and sustainable communities,” he added.

The first stage of Sydney Science Park includes a mix of commercial, residential, education and open space.

The new Science Park and proposed Western Sydney Airport are a boon for local property owners who have seen property prices soar.

One property in Sydney’s Luddenham, around the corner from the future Western Sydney Airport, has sold for nearly $18 million – more than 21 times what the vendors paid almost a decade ago.

Added to the areas appeal is the new railway station at Badgerys Creek and the proximity to the M9 and M12 interchange, which will connect Sydney’s Motorway network to the developing area around the new airport.

The first commercial buildings at the new Science Park will be operational by 2021.