Located 10 kilometres south-west of Sydney’s CBD and within a 20 minute drive from Sydney International Airport, the 12,800 square metre site sits within the Sydenham to Bankstown Urban Renewal Corridor Strategy, which is being reviewed by the Department of Planning and Environment. ATC and Mirvac will work with State Government and Canterbury Bankstown Council towards securing a considered, suitable development outcome.
Positioned in close proximity to Canterbury Road, the site is also set to have excellent transport connections from proposed future links, such as the new Sydney Metro Rail.
Mirvac’s Head of Residential, Stuart Penklis, commented, “We are thrilled to partner with the ATC to seek to develop this iconic site in Canterbury.
“This site presents us with a rare opportunity in Sydney, and we bring our 45 years of experience and track record of quality developments to this fantastic and growing location.”
The Australian Turf Club’s Chief Executive, Darren Pearce said revenue from the development would be reinvested in racing infrastructure and improving facilities for our members and patrons.
“The ATC has a strategy to build and improve Sydney racing and training infrastructure for decades to come,’’ Mr Pearce said.
“Given this parcel of land is not essential for racing operations, we believe there is a fantastic opportunity to set a new benchmark of quality for development in Canterbury. We are confident the partnership with Mirvac will allow this to happen, and allow us to further invest in our sport”.
“The ATC is a not for profit organisation so financial surpluses are always returned to racing and club amenities.’’