Cedar Woods’ Swanbourne plan progresses

Cedar Woods Properties is first in line to deliver a residential development near Swanbourne train station, as its plan progresses through the state government’s market led proposals process.

Acting Treasurer John Carey today announced that the ASX-listed developer has been granted a first mover advantage to develop 1.8-hectares of government owned land near the station.

The state government is putting expressions of interest out to the market to develop housing, businesses and public spaces on the site. 

In a statement, Minister Carey said developers had an opportunity to “transform the Swanbourne Station precinct into a vibrant community hub for Swanbourne and surrounding suburbs”.

“The proposal submitted by Cedar Woods has been assessed against the MLP criteria and is now offered to the market under a competitive EOI process,” he said.

“We are looking for a development outcome that supports and creates local jobs, bolsters housing supply, and offers community amenities, while enhancing the performance of the Swanbourne Station and Metronet objectives.”

In 2021, Cedar Woods lodged a concept plan with the state government for a transit oriented development on what it said was underutilised land around the station.

Cedar Woods managing director Nathan Blackburne said the development aligned with the company’s strategy to build a national portfolio of projects, particularly near public transport.

“After considerable investigation and planning, Cedar Woods has conceived a vision for a mixed-use development on the surplus land that will seek to deliver much needed and diverse new housing supply … that can leverage the revamped infrastructure,” he said.

Details are yet to emerge on the company’s plan.

The expressions of interest period closes on January 19, 2024.