Subject: Submission on draft District Plans - The GPT Group Date: Wednesday, 29 March 2017 3:55:31 PM Attachments: image002.png image004.png image006.png image008.png image010.png image003.png 170320_GPT submission_FINAL.PDF GPT Submission Cover Letter.pdf To whom it may concern Please find attached a submission, and cover letter thereto, made on behalf of The GPT Group (GPT). GPT’s submission is made in response to the exhibition of the following draft District Plans: Central West Central West South West Please contact me if any clarification is required. ALISON BROWN ASSOCIATE DIRECTOR LEVEL 23, DARLING PARK TOWER 2, 201 SUSSEX STREET SYDNEY, NSW 2000, AUSTRALIA Urbis recognises the traditional owners of the land on which we work. Learn more about our Reconciliation Action Plan. This email and any files transmitted are for the intended recipient's use only. It contains information which may be confidential and/or protected by copyright. Any personal information in this email must be handled in accordance with the Privacy Act 1988 (Cth). If you have received this email by mistake, please notify the sender and permanently delete the email. Any confidentiality or copyright is not waived or lost because this email has been sent to you by mistake. GPT RE Limited Level 51 T: +61 2 8239 3555 ABN 27 107 426 504 MLC Centre F: +61 2 9225 9318 as Responsible Entity of 19 Martin Place E: [email protected] General Property Trust Sydney NSW 2000 www.gpt.com.au AFSL 286511 Australia 29 March 2017 Greater Sydney Commission Draft District Plans PO Box 257 PARRAMATTA NSW 2124 Dear Sir/Madam Re: Submission to Draft District Plans The GPT Group (GPT) is a listed property group, and an active owner and manager of a diversified portfolio of high quality Australian retail, office and logistics property. GPT has $19.2 billion of assets under management. GPT has long favoured a proactive and cooperative approach, working with all levels of Government to achieve the highest quality outcomes. This is evidenced in GPT’s delivery of highly successful, city-shaping projects in locations as diverse as Rouse Hill, Charlestown and Wollongong. We are highly supportive of the NSW Government’s initiatives to promote a productive, liveable and sustainable Sydney. GPT commends the Greater Sydney Commission (GSC) for the strategic, evidence based thinking behind the draft District Plans. The strategic framework of Metropolitan, District and Local plans has the potential to provide a robust and transparent structure to inform investment decisions. GPT acknowledges the opportunity to provide written input into the current draft District Plan exhibition and engagement process. We have made several recommendations in the enclosed submission. We welcome the opportunity to continue our dialogue further and discuss the documents in greater detail. Yours faithfully Anthony McNulty Head of Retail & Mixed Use Development encl. The GPT Group Submission to Draft District Plans THE GPT GROUP SUBMISSION TO DRAFT DISTRICT PLANS 29 MARCH 2017 SA6551 FINAL PREPARED FOR THE GPT GROUP URBIS STAFF RESPONSIBLE FOR THIS REPORT WERE: Director Princess Ventura Associate Director Alison Brown Consultant Emma Fitzgerald Project Code PER0123/SA6551 Report Number FINAL © Urbis Pty Ltd ABN 50 105 256 228 All Rights Reserved. No material may be reproduced without prior permission. You must read the important disclaimer appearing within the body of this report. urbis.com.au CONTENTS TABLE OF CONTENTS 1. Submission Summary ........................................................................................................................... 1 1.1. Introduction ........................................................................................................................................... 1 1.2. Major Themes ....................................................................................................................................... 1 2. Which District Plan? .............................................................................................................................. 5 3. The GPT Group .................................................................................................................................... 6 3.1. About GPT ............................................................................................................................................ 6 3.2. Retail Portfolio ....................................................................................................................................... 6 3.3. Office Portfolio ...................................................................................................................................... 7 3.4. Logistics Portfolio .................................................................................................................................. 8 4. Infrastructure and Governance ............................................................................................................. 9 4.1. Transport Infrastructure ........................................................................................................................ 9 4.2. Sydney Metro West ............................................................................................................................... 9 4.3. Social Infrastructure .............................................................................................................................. 9 4.4. Governance .......................................................................................................................................... 9 4.5. Implementation ................................................................................................................................... 10 4.6. Funding + Value Capture .................................................................................................................... 10 5. Centres + Retail .................................................................................................................................. 11 5.1. Centres Policy ..................................................................................................................................... 11 5.2. Classification of Centres ..................................................................................................................... 12 5.3. Connecting Centres ............................................................................................................................ 12 5.4. Retail Study ......................................................................................................................................... 12 6. Industrial/Logistics .............................................................................................................................. 13 6.1. Land Use Conflicts .............................................................................................................................. 13 6.2. Further Research ................................................................................................................................ 13 6.3. Technology ......................................................................................................................................... 13 6.4. Land Release ...................................................................................................................................... 13 6.5. Infrastructure ....................................................................................................................................... 13 6.6. Employment and Urban Services Land .............................................................................................. 14 7. Key Locational Matters ....................................................................................................................... 15 7.1. Western Sydney Airport ...................................................................................................................... 15 7.2. Central Sydney Office Market ............................................................................................................. 15 7.3. Parramatta CBD .................................................................................................................................. 17 7.4. Sydney Olympic Park Strategic Centre .............................................................................................. 17 7.5. GPOP (Greater Parramatta and the Olympic Peninsula) ................................................................... 19 7.6. Rouse Hill District Centre .................................................................................................................... 20 7.7. Campbelltown-Macarthur Strategic Centre ........................................................................................ 21 7.8. Greater Penrith Strategic Centre ........................................................................................................ 22 7.9. Leichhardt Local Centre ...................................................................................................................... 22 7.10. Eastern Creek ..................................................................................................................................... 23 7.11. Yennora .............................................................................................................................................. 23 Disclaimer .......................................................................................................................................................