The first lots of Wilton Greens, a $2 billion ‘mini city' being developed on the outskirts of south-west Sydney, are poised for settlement later this month after developer Risland Australia secured land registration from the Wollondilly Shire Council.
The move paves the way for the Australian subsidiary of the Hong Kong-based real estate conglomerate Risland Holdings to lodge development applications for stages two and three of Wilton Greens which will ultimately deliver 3,600 home sites over the life of the project.
Risland has secured $200 million in sales in a near sell-out of the first-phase release of the first stage of the development.
The preliminary release of 263 lots will be ready to settle from March 24 and are part of the development-approved first stage which comprises a total 678 land parcels positioned in the middle of the master-planned community.
The Wilton Greens master-planned development, which has been more than a decade in the works and was first proposed by Lang Walker’s Walker Corporation, is located on a 433ha site in the township of Wilton at the gateway to the NSW Southern Highlands.
When completed it will deliver two employment hubs, a local neighbourhood centre, parks and playgrounds, cycle paths and 8.5ha of open spaces.
The project is within the area outlined by the NSW Government’s $7 billion Wilton 2040 growth plan which includes the development of a 200ha town centre on the western side of the Hume Motorway.
Risland Australia senior development manager Andre Byczkov describes the land registration as a ‘crucial milestone’ for Wilton Greens.
“Risland has worked closely with key stakeholders such as Transport for NSW and Sydney Water for several years in the lead up to gaining land registration for the first stage,” Byczkov says.
“Wilton Greens is the first master-planned development in NSW for Risland. The company’s vision to create a high-quality residential lifestyle in the centre of Sydney’s south-west is now one step closer.”
Byczkov says Wilton Greens will leverage off the multibillion-investment in infrastructure underway across Sydney’s south-west.
“Western Sydney International Airport and the Aerotropolis alone will generate thousands of employment opportunities,” he says.
“Wilton Greens is ideally positioned to capitalise on this burgeoning expansion by providing well-serviced developed land and residential amenity in this growth corridor.”
Wilton Greens was initially proposed as a joint venture by Risland and Lang Walker’s Walker Corporation, the original owner of the site. Risland has since taken full ownership of stages one and two of the development while Walker Corporation remains a delivery partner of the project.
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