Bradfield City a step closer with $1 billion deal between NSW Government and Plenary

SYDNEY, AUSTRALIA – Commercial and residential development in Australia’s newest city, Bradfield, is gearing up following the finalisation of a development agreement between the NSW Government, Bradfield Development Authority and Plenary Group.

The more than $1 billion agreement will see Plenary transform the first Superlot – a 5.7-hectare parcel of prime land adjacent to Bradfield City’s first building, Central Park, and new Metro station – into a vibrant mixed-use precinct, unlocking new homes, jobs, and industries in Western Sydney.

The development agreement will deliver:

• the first 1,400 homes in Bradfield City, including at least 10 per cent dedicated to affordable housing.
• a quarter of the site for commercial uses, including:
  • advanced industries
  • a hotel
  • a university campus
  • essential services such as retail, childcare and health facilities, and
  • a 1,500 square metre food and beverage venue overlooking Central Park.

This is a foundational step in building Australia’s first new city in 100 years – delivering new homes, industry and vibrancy to Western Sydney.

Development of the site will roll out in stages, generating thousands of construction jobs and boosting Western Sydney’s economy as Bradfield City grows.

Over the next five years, Stage 1 of the project will deliver the essentials of a great city, including lively public spaces, affordable housing and childcare, a university, and dynamic commercial hubs.

In 2026, Plenary will start the market process of finding a university partner and a major commercial anchor tenant, as well as lodging state significant development applications for a food and beverage venue and a concept plan for housing, commercial space and a hotel on the northern part of the site.

To provide the most efficient and coordinated planning pathway, developments in Bradfield City will be assessed by the NSW Department of Planning, Housing and Infrastructure as state significant developments.

This partnership unlocks new opportunities for businesses to invest or establish themselves in Bradfield City, which will be a vibrant destination for residents, workers and visitors alike right next to a 24/7 airport.

Bradfield City will be a thriving, globally connected city, which will deliver 10,000 new homes and 20,000 new jobs – building a stronger future for Western Sydney.

Minister for Planning and Public Spaces Paul Scully said:

“Bradfield City is coming to life with the release of the first Superlot to global Australian development and investment company, Plenary.

“This more than $1 billion partnership is set to deliver the first homes, a university and essential services like childcare, shops and health facilities, providing the foundation for the future growth of Bradfield City.

“This builds on the momentum of the opening of the first building, the Advanced Manufacturing Readiness Facility, which is already establishing Bradfield as a hub for innovation with customers across Sydney.”

Acting Minister for Western Sydney Courtney Houssos said:

“The Minns Labor Government is building a city that will support new industries, jobs and opportunities in Western Sydney for the next century.

“This deal is an important step towards creating a vibrant and globally connected, 24/7 city which will deliver high-quality housing, education and jobs at the heart of Bradfield City.”

Plenary Chair Paul Oppenheim said:

“It’s an honour to be entrusted by the NSW Government to be a long-term development partner with the Bradfield Delivery Authority team to help deliver Australia’s newest city, in the heart of Western Sydney.

“Central to the success of this project will be the delivery of 1,400 new homes, including more than 10% as affordable homes; complemented by a master-planned precinct integrating a university campus, commercial space, childcare, retail spaces and a hotel – all next to the new two-hectare Central Park.

“Our experience in the formation of long-term partnerships to deliver complex projects here and overseas make us ideally placed to perform the role of development partner, and we look forward to delivering on the exciting vision for Bradfield.”