Reporting boundaries
Our Sustainable Places Strategy applies to all new masterplan activity and projects during the 2018 reporting period. As a masterplan developer we use a variety of structures to deliver projects. The key types of project structures that we use are:
-
Owner/Master Developer
-
Project Delivery Agreement (PDA)
-
Reverse Project Delivery Agreement (RPDA)
-
Joint Ventures (JV)
Because we use these different approaches, Landcom has different levels of influence over project outcomes. For example, with our Climate Resilient Places targets there is variability between what we can influence when acting as the Owner/Master Developer, compared to a Reverse Project Delivery Agreement where we are not the land owner and we may need to negotiate with other project partners before adopting environmental commitments for the project.
Type of project structure | Land ownership | Delivery method | Asset disposal |
---|---|---|---|
Owner/Master Developer |
We own the land |
We are responsible for masterplanning and approvals and undertaking all development works |
We sell the land as vacant lots – residential, commercial or industrial |
Project Delivery Agreement (PDA) |
We own the land |
We tender for a partner to project manage and undertake development works (there is a clear delineation of risks and responsibilities between us and our partners) |
The successful tenderer acts as a ‘super contractor’ in return for payment from us on sale of individual lots to third parties |
Reverse Project Delivery Agreement (RPDA) |
We do not own the land (we develop the land on behalf of another government agency or the private sector land owner) |
We generally undertake the planning, construction and/or sales activities |
All revenue on sale is paid to the land owner and we invoice the land owner for the reimbursement of costs and fees |
Joint Venture (JV) |
We sell the land to the JV for a cash payment |
We create a separate legal entity that can pay invoices, pay and receive GST and receive sales revenue |
We, and the JV partner, contribute equity into the JV equally and receive a profit share equally (not revenue) |
Projects in scope for FY18 reports
The below table summarises which projects are in scope to be reported on for FY18, and are mapped against each pillar of our Sustainable Places Strategy.
In some cases, a project is in scope for Climate Resilient Places targets, but not for Healthy & Inclusive Places. This is because our environmental work tends to occur earlier in a project’s lifecycle, linked largely to construction phases, whereas social sustainability can occur through to completion.
Table key
CRP = Climate Resilient Places, HIP = Healthy & Inclusive Places, PP = Productive Places, ACP = Accountable & Collaborative Places |
Division | Asset | CRP | HIP | PP | ACP | Project overview |
---|---|---|---|---|---|---|
Corporate |
Operations |
N |
N |
Y |
Y |
Landcom maintains its head office tenancy at Parramatta. |
Construction Unit |
Dwellings and public buildings |
Y |
N |
N |
N |
Construction of social housing on behalf of Land and Housing Corporation at various sites. |
West |
Edmondson Park |
Y |
Y |
Y |
N |
Owner/Master Developer. Approximately 4,000 new homes, with train station, town centre with retail, business and commercial space, 150ha regional park with cycleways, and two new schools. |
Thornton |
N |
Y |
Y |
N |
Originally a Department of Defence site. Landcom works are complete, and enabled approximately 2,000 homes adjacent to Penrith train station. Mix of detached and attached dwellings, Affordable Housing and apartments. Origin of the 21st Century Terrace. |
|
Riverstone |
N |
N |
N |
N |
Project is a RPDA consisting of approximately 300 residential lots that were subdivided in 1881, and are currently owned by around 50 landowner groups. Landcom is coordinating the delivery of the project on behalf of the landowners as the ‘Relevant Authority’ under the Environmental Planning and Amendment (Paper Subdivisions) Regulation 2013. |
|
South West |
Macarthur Heights |
L |
Y |
Y |
N |
RPDA with Western Sydney University, adjacent to the Western Sydney University campus. Located within walking distance from Macarthur train station and Macarthur Square shopping centre, with over 950 residential lots. Includes 42ha of parklands plus sporting fields. |
Macarthur Gardens North |
Y |
Y |
Y |
N |
PDA with Stockland. Adjacent to the Macarthur Heights community, the project has a direct connection to Macarthur train station through Bow Bowing Creek. This site is in the planning phase. |
|
Renwick |
L |
Y |
Y |
N |
RPDA with Family and Community Services. Renwick is a 117ha masterplanned community, located about 2.5km north of Mittagong in the Southern Highlands. It has potential to yield around 600 residential lots, ranging in size from 300m2 ‘cottage lots’ to 4,000m2 ‘acre lots’. During the reporting period, the project completed civil works for the final stages of the development. |
|
Oran Park |
L |
Y |
Y |
N |
RPDA with Greenfields Development Company. Once complete the precinct will provide 6,500 homes, a town centre, new schools, a smart work hub, retirement village and integrated primary care centre. |
|
Lachlan’s Line1 |
L |
Y |
Y |
N |
Owner/Master Developer of an inner urban high density community adjacent to the North Ryde train station. |
|
Wentworth Point |
N |
N |
N |
N |
RPDA with Roads and Maritime Services to deliver public open space. |
|
Airds (Newbrook) |
L |
N |
Y |
N |
RPDA with NSW Land and Housing Corporation. Long term rejuvenation of the Airds Bradbury public housing area, transforming the existing 1,500 lot public housing estate into a masterplanned community of approximately 2,100 homes. |
|
Bonnyrigg (Newleaf) |
L |
N |
Y |
N |
RPDA with NSW Land and Housing Corporation. Long term rejuvenation of the Airds Bradbury public housing area, transforming the existing 1,500 lot public housing estate into a masterplanned community of approximately 2,100 homes. |
|
Claymore (Hillcroft) |
L |
N |
Y |
N |
RPDA with NSW Land and Housing Corporation to revitalize approximately 1.150 homes at Claymore public housing estate. When complete, Hillcroft will include new housing, parks, playgrounds and community facilities. |
|
North West |
Tallawong |
Y |
Y |
Y |
N |
RPDA with Sydney Metro. Each site is located along the metro line. While Sydney Metro delivers the infrastructure and new stations, Landcom will deliver the communities surrounding each station. |
Kellyville |
Y |
Y |
Y |
N |
||
Bella Vista |
Y |
Y |
Y |
N |
||
Norwest |
Y |
Y |
Y |
N |
||
Showground |
Y |
Y |
Y |
N |
||
Castle Hill |
Y |
Y |
Y |
N |
||
Cherrybrook |
Y |
Y |
Y |
N |
||
Epping |
Y |
Y |
Y |
N |
||
Green Square |
Green Square Town Centre |
L |
Y |
Y |
N |
PDA with Mirvac to provide high density, inner urban living within the City of Sydney Local Government Area. |
Complete Projects |
Spring Farm |
N |
Y |
N |
N |
Complete masterplanned community. |
The Ponds |
N |
Y |
N |
N |
Complete masterplanned community. |
1 While Lachlan’s Line is a legacy project and has not undergone any masterplanning during the reporting year, we are considering it in-scope as we will be able to influence the sustainability outcomes in line with the new Sustainable Place Strategy through the development of the remaining buildings on site.