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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 DATE | Jan 07 1 | |
| LOCATION | Rhodes | |
| PROJECT VALUE (INCL. GST) | $644m | |
| TOTAL LOTS | 933 | |
| PROJECT PERIOD (CALENDAR YEAR) | end 2006 – mid 2014 | |
| OWNERSHIP STRUCTURE | 100% 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.