The Ginninderry Joint Venture has completed the acquisition of two land holdings in New South Wales, adding 480 residential blocks to future land supply.
The two blocks form part of the existing Ginninderry masterplan, with Project Director Stephen Harding saying the acquisition is an essential step in realising the long-term vision for Ginninderry.
“The two blocks take in 160 hectares at the North-Western edge of the Ginninderry masterplan,”
“With the current owners deciding to sell, the time is right for the Joint Venture to secure this important part of the long-term plan for the region.”
Consultation with the two landholders has been ongoing, with both blocks included in the original approval under the Environment Protection Biodiversity and Conservation Act and the successful rezoning achieved in 2020 with support from the Yass Valley Council.
The sale was managed according to the Suburban Land Agency’s rigorous Land Acquisition Direction to ensure full compliance with all relevant legislation. That has meant that all negotiations leading up to this purchase were documented and transparent. Additionally, an independent advisor was engaged to monitor all aspects of the transaction from a probity perspective.
The inclusion of these landholdings will boost long-term land supply, strengthen the community’s vibrancy with an additional 1,200 residents and contribute to Ginninderry’s vision of being a sustainable community of international significance in the Capital Region.