New Era for Australian Technology Park
26 April 2016
Australian Technology Park (ATP) will begin a new chapter in its rich history following completion of its sale to a Mirvac-led consortium.
Proceeds from the sale have been earmarked to finance major infrastructure projects in the area as part of the Central to Eveleigh Urban Transformation and Transport Program, including the upgrade of Redfern Station and development of the new Sydney Metro station at Waterloo. The next step in this process is to seek formal government approval of the business case for these works.
One of the key moves for the Central to Eveleigh Program is to create a centre for Sydney’s growing economies that will lead to a cluster of new innovation and creative jobs, focusing on small to medium sized businesses.
“We want to create a digital arc that stretches from Redfern-Eveleigh to White Bay supporting a vast array of tech industries on the fringe of the CBD,” said David Pitchford, Chief Executive of UrbanGrowth NSW.
The sale excludes residential development at ATP and Public Positive Covenants attached to the title will protect the site’s significant heritage value. A further covenant enshrines the right of public access through the site.
The upcoming release of the draft Urban Transformation Strategy for the Central to Eveleigh Urban Transformation and Transport Program will provide further opportunities for the community to have their say about the future of the area.
UrbanGrowth NSW will provide details of these engagement activities closer to their commencement mid-year, and we will be encouraging members of the community to participate and provide feedback on the draft Strategy. To receive information about upcoming activities, sign up for updates.
Learn more about ATP at www.atp.com.au.