Bonnyrigg Living Communities

Project Overview

·        Redevelopment of 933 dwellings in Western Sydney comprising 833 (89%social and 100 (11% private

·        Housing mix post staged construction will comprise 833 (34%social and 1,631 (66%private

·        Private development mix but risk quarantined from PPP

·        14-year construction phase

·        30-year operating phase

·        Consortium:

–     Becton (D&C)

–     Spotless (FM)

–     St George (Tenancy)

·          Availability based with nil tenancy risk

·         Total redevelopment costs c.$733 million

·         Total financing costs c.$250 million

·         Initial investment c.$18 million

Project Update

·        Stage 1 construction completion in June 2010

·        Construction program tracking to schedule

·        Tenancy Management and Facilities Management have been successfully provided by the consortium partners since October 2007

For more information please visit the Bonnyrigg Living Communities website.