| Price of land: | 70.0list.parkMu2 (Subject to actual policy) | Subsidy on land: | 100list.parkMu2 |
| Environmental protection requirement: | Yes / A-grade office spaces that achieved a 4½- to 5 star NABERS energy rating | Tax on land: | - list.parkMu2 |
| Factory rental price range: | 3 ~ 5 US$/month•㎡ | Factory sale price range: | 100 ~ 200 US$/㎡ |
| Office rental price range: | 5 ~ 10 US$/month•㎡ | Office sale price range: | 200 ~ 500 US$/㎡ |
Norwest BP is a key part of the State Government's plan for Growing Sydney 2036, and there are plans to make it a Smart city opening up the future for 60,000 new age jobs, from the current 30,000.
The masterplan, to be rolled out from 2017 t o 2027, was inspired by not only Sydney's shifting axis towards the west, but also by the heavy infrastructure spending in the area including the $8 billion Sydney Metro Northwest which will run through the masterplan, and its location between current CBD and the future second airport at Badgerys Creek.
A MULTIBILLION-dollar, Silicon Valley-style vision for the future has been released by Mulpha Norwest to create a world-leading innovation, lifestyle and economic “smart city” for Norwest Business Park.
Mulpha’s masterplan for the 377ha business park includes a $3 billion development including the redevelopment of Norwest Marketown; the development of The Greens; the redevelopment of the Circa commercial, retail and retirement precinct and a concept for the revitalisation of Bella Vista Farm Park.
Mulpha Norwest general manager Tim Spencer said the company was committed to developing a smart city which would provide “new age” jobs, supported by an entrepreneurial workforce, while establishing the business park as a “beacon of modern education and innovation”.
“As Sydney’s population and economic centre moves west our vision is to create a highly desirable work and lifestyle destination that will attract entrepreneurial workers and industries of the future, including world-leading innovation enterprises,” he said.
“To achieve this, Mulpha is working creatively with a broad team of outstanding Australian and international experts in health and education, architecture, planning and engineering to re-envision how people will live, work and play in the future.”
Mr Spencer said the smart city would be serviced by some of the largest infrastructure advancements in Sydney’s history, including two Sydney Metro North West rail station precincts and Western Sydney airport while also looking to enhance existing infrastructure including Norwest Boulevard.
History: The park was established in 1983, during the Sydney housing boom. Farms had previously occupied the area. The park grew with the expanding population of the area, and the first business to be constructed was the Baulkham Hills Coles supermarket, known as Norwest Markettown.
The expansion of the Hillsong Church in the area saw a corresponding expansion in the businesses of the area. In 2005, the Woolworths Limited head office was constructed, and now employs several thousand staff. Cafes and restaurants also serve the park. Other large scale corporations in the Norwest Business Park include ResMed, AAMI Insurance, Fitness First gym, and one of the Reserve Bank of Australia's data centers. Subaru Australia has an office in Baulkham Hills part of this business area. Norwest also houses Australia's largest law firm (by partner numbers), HWL Ebsworth Lawyers, being the only national firm with a presence in Greater Western Sydney.
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