Rhodes Waterside, Rhodes, NSW

Rhodes Waterside MWRDP
SHORELINE DRIVE, RHODES, NSW

DESCRIPTION

Rhodes Waterside is located in a fast growing area of Sydney on the Parramatta River adjacent to significant infrastructure including Rhodes railway station, Millennium Parklands, Sydney Olympic Park and Rhodes Shopping Centre. The completed Rhodes Waterside development will comprise 1,469 dwellings developed over 10 stages (933 lots to be developed by Mirvac; the remainder were developed by Walker prior to our acquisition of the site in January 2007).

SUMMARY INFORMATION – 31 December 2011 
IN PROGRESS 
ACQUISITION DATEJan 07 1
LOCATIONRhodes
PROJECT VALUE (INCL. GST)$644m
TOTAL LOTS933
PROJECT PERIOD (CALENDAR YEAR)end 2006 – mid 2014
OWNERSHIP STRUCTURE100% MWRDP
(Mirvac Limited
20% equity interest)

UPDATE

The final building of 231 apartments, Pinnacle, commenced construction late in 2011 and completion is currently forecast for the end of 2013.

1) TRANSACTION DATE.