Latest news with #waterfrontdevelopment
ABC News
3 days ago
- Business
- ABC News
A waterfront mini city in Liverpool, a campaigning council and a Sydney developer with a colourful past
Minutes after the Rosehill Gardens Racecourse mini city plan was scuttled, one council spruiked a solution. Half an hour south-west of the racecourse lies a large swathe of industrial land, ripe for rezoning, Liverpool City Council declared. A planning proposal for a $9 billion waterfront mini city was well advanced. It could be signed off 'with the stroke of the Premier's pen', the council's timely press release suggested. Mayor Ned Mannoun called for an urgent meeting with the NSW premier and followed up with a direct text to Chris Minns. He hasn't heard back. If the 31.4-hectare site is rezoned from light industrial to mixed use, major landholders Coronation Property and Leamac Property Group stand to make a windfall. The developers have been advocating for rezoning for a decade and are currently locked in final negotiations with the Department of Planning, Housing and Infrastructure (DPHI). If you have any information about a story, contact Amy Greenbank. They are proposing to build 11,000 apartments over 30 to 40 years, a large retail hub, a primary school, pedestrian bridges, and an 8-kilometre foreshore walk "Moore Point", as it will be known, is a "once-in-a-generation opportunity to deliver Australia's next Great Riverfront City", according to exhibited planning documents. But the proposed high-rises will be built on a floodplain, as the site sits on a peninsula between the Georges River and Lake Moore. A 2022 flood study found that if the development went ahead it would likely generate 25,000 vehicles, but the roads only had capacity for 5,500 evacuating cars in a "probable maximum flood". "Noah's flood is not a planning benchmark," Mr Mannoun said, arguing the flood level criteria was unnecessarily restrictive and holding back housing. The DPHI has asked the developers to conduct further flood modelling. It's not the first time Mr Mannoun has publicly advocated for a Coronation project. While in office in 2016, he featured in two promotional videos for the developer, supporting an earlier Liverpool project called the 'Paper Mill'. "It's wonderful and it's so exciting, and it's great to be part of the project… Let's embrace it," he told viewers. The high-rise was later hit with a building work rectification order, including for "uncontrolled cracking" in four basements. Owners sued Coronation's building arm, MN Builders, and a subsidiary in the Supreme Court over alleged defects on common property. In 2021, the council took legal action against Coronation over unpaid rates at the Shepherd Street site. The matter was resolved out of court. Coronation also failed to deliver a promised boardwalk allowing direct access to the Georges River, which was a requirement under its 2017 voluntary planning agreement (VPA) with the council. "We don't have an issue with them [Coronation]," Mr Mannoun said, adding he was unaware of the alleged defects in the Paper Mill. A spokesperson for Coronation said it had largely fulfilled its VPA, and the "final portion" of the riverwalk works would be completed within three months, adding the rectification works on the Paper Mill site had been finished. Liverpool City Council said the boardwalk would be delivered in six months and Coronation "had not failed to meet its obligations", as it was a complex project. The VPA required the riverwalk to be completed before the Occupation Certificate was signed off, which was several years ago. Mr Mannoun said he "pitches and promotes" a range of developers who had "good quality" projects in his council area. He is not overly concerned about the optics of maintaining close proximity to developers, even with a looming inquiry into his council, which begins public hearings on July 14. "Define too close. What's too close? If people want to meet with the mayor, they meet the mayor," he said. In 2024 an interim investigation into Liverpool City Council by the Office of Local Government NSW alleged elected officials, "in particular the mayor", were intervening in the development assessment process. "Every mayor and councillor makes representations … no-one can produce where I've done something inappropriate," Mr Mannoun told the ABC. A spokesperson for Coronation said it maintained a "good working relationship" with local councillors and state and federal MPs. Australian-owned and operated Coronation Property has been plagued by controversy in recent years. The company currently has nine high-rise projects in the pipeline, which it estimates to be worth $5.7 billion. However, in 2022 its building arm, MN Builders, narrowly avoided being stripped of its building registration. After a brief Supreme Court battle, the company struck an enforceable undertaking with the Department of Customer Service and agreed to conduct an independent audit of its practices. The company was also named in the former NSW building commissioner's resignation letter in 2022. David Chandler briefly quit shortly after issuing MN Builders a stop work order over Coronation's Merrylands project 'Mason and Main'. In his resignation letter, which was sent to the anti-corruption watchdog, Mr Chandler raised concerns about an alleged relationship between then-minister Eleni Petinos' office and Coronation. He also stated he received a message from the former deputy premier John Barilaro, who had joined the Coronation board, shortly after issuing the order. A spokesperson for Coronation said its Moore Point project would be the "jewel in the crown" for south-western Sydney, where there is a dire shortage of housing. Coronation is represented by Premier Communications Group, where former NSW premier Morris Iemma is senior counsel.
Trade Arabia
24-05-2025
- Business
- Trade Arabia
Bahrain Marina Phase I project work 50% completed
Bahrain Marina Development Company (BMDC) has announced significant progress on its prime development - Bahrain Marina project, with a 50% completion rate in the first phase of the project, reflecting the company's commitment to executing the works on schedule, in preparation for the delivery of the project in the last quarter of 2026. BMDC said work on the project site is proceeding at a steady and accelerated pace, in a clear indication of the efficiency of the work teams and their keenness to implement the project according to the highest standards of quality and excellence. "The progress achieved to date on the project is not only a construction achievement, but a living embodiment of an ambitious strategic vision that the company has set since its inception," remarked its Chairman Khalid Najibi. "Reaching 50% of the first phase underscores our commitment to delivering a quality project that will redefine the concept of waterfront and luxury housing in the Kingdom of Bahrain," stated Najibi. "We are not only developing buildings, but we are establishing an integrated urban system that improves the quality of life and opens up wide horizons for investment in the real estate, tourism and commercial sectors," he added. Bahrain Marina is one of the most prominent development projects in the Kingdom, located on the eastern waterfront of the capital, Manama, and extends over an area of more than 250,000 sq m, and includes integrated residential, commercial, recreational and tourist facilities, including luxury residential units with a freehold system, a five-star hotel, a yacht marina, and a marine club. It also boasts vast green spaces and a high-end commercial complex, making it a project that sets new standards for high-end modern life in the Kingdom of Bahrain. Giving a project update, BMDC said the work on its luxury residential tower "Bahrain Marina Residence" is moving at a steady pace with the tower nearing 25% completion. The construction in the tower reached the fifteenth floor out of 20 floors, in a remarkable engineering achievement within one of the finest and most prominent modern urban facades of Bahrain, it stated. Najibi said: "This progress would not have been possible without the official support we enjoy, the trust of our partners, the dedication of national talent working within the design and implementation teams, and our commitment to the highest international standards and practices in project management." "We believe that the Bahrain Marina project is one of the main pillars in supporting the economic vision of the Kingdom of Bahrain, as it provides an integrated model for sustainable development that reflects the aspirations of individuals and investors, and enhances the Kingdom's position as a leading regional center for tourism and investment," he noted. Yousuf Al Thawadi, Managing Director of Bahrain Marina Development Company, said the project was proceeding according to the highest construction and engineering standards. "The progress of the construction works in Bahrain Marina Residence Tower and its arrival on the 15th floor is a testament to the attention we pay to the smallest details of the implementation, and we consider this project a high-end urban façade that combines unique architectural design and integrated quality of life," he noted.
Zawya
22-05-2025
- Business
- Zawya
Dubai's MAG Holding acquires plot for mixed-use project in Ajman's Al Zorah
Dubai-based MAG Group Holding has inked a land acquisition agreement with Al Zorah Development Company for a mixed-use waterfront development within the Al Zorah master development in the emirate of Ajman. The 261,180 square feet plot (sq. ft.), located within Al Zorah Marina 1, will comprise residential units, branded and serviced residences, office spaces, retail outlets, and a hotel with a total built-up area of approximately two million sq. ft, according to a press statement issued by Al Zorah development. The statement didn't disclose land cost, estimated project value or construction timelines. Al Zorah Development Company is a joint venture between the Government of Ajman and Solidere International. (Editing by Anoop Menon) (
Arabian Business
21-05-2025
- Business
- Arabian Business
Dubai real estate: AHS Properties unveils $750mn waterfront project
AHS Properties, the UAE's leading ultra-luxury real estate developer, has launched Casa AHS, a waterfront development valued at $750 million (AED 2.75 billion) along Dubai Water Canal. The project features 32 residences, including Sky Villas, Sky Mansions, and Sky Palaces, with sizes ranging from 5,088 to 29,700 sq. ft. Redefining Dubai's luxury homes Architect Shaun Killa designed the development, whilst HBA Residential created the interiors, which feature double-height ceilings reaching up to 12 metres and views of Dubai Water Canal and Safa Park. View this post on Instagram A post shared by AHS Properties (@ Abbas Sajwani, Founder and CEO of AHS Properties, said: 'With Casa AHS, we are creating more than just homes, we are curating a lifestyle that is deeply refined, emotionally resonant, and globally admired. This launch is a continuation of our mission to elevate luxury living in Dubai and offer our clients rare, statement-making properties in prime waterfront locations.' Each residence includes private elevators opening directly into living rooms, private infinity-edge pools, jacuzzis, and terraces. The development provides residents with amenities such as a private lounge, workspace, spa, wellness facilities, and 24/7 concierge services via a resident-only app. Additional services include access to a curated ultra-high-net-worth network, chauffeured limousine services, and round-the-clock housekeeping. The properties also feature private garages, electric vehicle charging stations, bicycle storage, and private storage rooms. The development aims to establish a new standard for waterfront living in Dubai's property market.
Zawya
20-05-2025
- Business
- Zawya
AHS to launch $750mln Casa AHS on Dubai Water Canal
Dubai, United Arab Emirates: AHS Properties, the UAE's leading ultra-luxury real estate developer, has announced the launch of Casa AHS, a landmark waterfront development valued at $750 million (AED 2.75 billion). Set along the prestigious Dubai Water Canal, the project redefines elite urban living with a curated collection of exceptional residences. Casa AHS is designed as a rare blend of architectural brilliance and branded elegance. The development is crafted by acclaimed architect Shaun Killa, with interiors by the renowned HBA Residential —redefining grandeur with expansive layouts, double-height ceilings (up to 12 meters), and awe-inspiring views of the Dubai Water Canal and Safa Park. Commenting on the launch, Abbas Sajwani, Founder and CEO of AHS Properties, said: ' With Casa AHS, we are creating more than just homes, we are curating a lifestyle that is deeply refined, emotionally resonant, and globally admired. This launch is a continuation of our mission to elevate luxury living in Dubai and offer our clients rare, statement-making properties in prime waterfront locations.' The development will offer 32 ultra-luxury residences, including Sky Villas, Sky Mansions, and Sky Palaces, with sizes ranging from 5,088 to 29,700 sq. ft. Each residence features private elevators opening directly into lavish living rooms, private infinity-edge pools that seamlessly blend with the canal's serene waters, jacuzzis, and expansive terraces for both tranquil relaxation and sophisticated entertaining. Residents will enjoy a host of five-star amenities, including a private lounge and resident workspace, a tranquil spa and wellness oasis, and 24/7 concierge services accessible via a resident-only app. Additional offerings include exclusive access to a curated ultra-high-net-worth (UHNW) network, chauffeured limousine services and round-the-clock housekeeping. Each residence also comes with fully enclosed private garages, electric vehicle charging stations, dedicated bicycle storage, and secured private storage rooms. About AHS Properties: Founded in 2017 by Abbas Sajwani, AHS Group today boasts an impressive asset value of $2.7 billion and employs over 3,000 individuals, with ambitious plans to become one of the most vibrant business groups in the region. With a robust pipeline, AHS Properties targets $5 billion in GDV by the end of this year , continuing to set benchmarks in the luxury real estate market. The company has achieved remarkable milestones, including the sale of high-value properties and the introduction of Casa Canal with Fendi Casa interiors. In 2020, AHS Investments was launched, building a $150 million diversified portfolio across private and public equity. In 2021, Abbas launched AHS Properties, entering the luxury real estate market with projects in Palm Jumeirah and Emirates Hills, quickly earning recognition for innovation and quality. New projects are on the horizon, promising to elevate luxury living. Each development is thoughtfully curated to offer unique experiences and expand the AHS portfolio, continuing our journey to set new benchmarks in the real estate landscape. Source: AETOSWire Contacts: Sura Hammadin – PR & Media Director
