Located directly on the harbour and on the western edge of the city’s Central Business District the suburb is valued at more than $6 billion.
Barangaroo is currently 22 hectares of disused container wharves but when it is completed will include a comfortable, sustainable fusion of six hectares of a new headland park, a busy public waterfront walks and parks, commercial office towers and residential apartments, all serviced by new and extended transport systems.
The site has been divided into three redevelopment areas: the Headland Park, Barangaroo Central and Barangaroo South.
The Headland Park will feature:
- Restored naturalistic headland features which will balance with the other natural headlands it faces around the harbour
- A place for the public to relax by the harbour and in natural surroundings just minutes from the CBD
- A public foreshore walk which will continue the length of the site and on to Walsh Bay and Darling Harbour
Barangaroo South will be the commercial centre of the site. It will feature:
- Commercial buildings with the large floor plates demanded in the 21st century by the international financial services industry
- Residential apartments that will ensure the site is vibrant and active seven days a week
Agents have been widely reported as expecting to see major capital growth in the area in the next 10 years.
The development is likely to be very popular with international investors seeking off-the-plan apartments in a prime city and harbourside location.