Featured News - Birketu seeks development partner
BIRKETU SEEKS DEVELOPMENT PARTNER FOR WIN GRAND
Colliers Wollongong Site
Birketu, the Gordon family’s investment company, is exploring development partnership opportunities for the WIN Grand site in Wollongong (NSW).
“It has been their passion for more than 20 years and they will continue to apply best practice in delivering this project by seeking an experienced partner who shares their vision and can bring it to reality.
Bordered by Crown, Keira, Burelli and Atchison Streets, WIN Grand is the vision of WIN owner Bruce Gordon and has development approval for a mixed used project designed to create a connected Wollongong city centre. The creation of WIN Grand has been decades in the making and has the potential to reshape the Wollongong CBD into a vital social and economic hub for the benefit of the community. With the site’s DA approved, Birketu has appointed Colliers to seek expressions of interest from industry specialists keen to partner in or take over the delivery of this city-shaping $500 million project. Colliers Wollongong Managing Director Simon Kersten said the significance of this site requires a specialist to deliver the landmark project and realise the incredible vision that Mr Gordon has for the city. “Birketu is a company that invests in property, and it has delivered on its specific strategy of acquiring an entire inner-city block. It has planned, designed and gained approval for a project that offers significant public benefit by combining a range of residential and commercial opportunities with public spaces and facilities,” he said.
“The scale of this site makes it an ideal proposition for some of our nation’s top builders and developers and we’re hoping that WIN Grand brings some of them to Wollongong for the first time.” Mr Kersten said Birketu was exploring all options with the call for expressions of interest. The search will include an extensive period of due diligence to ensure any partnership is in the best interest of the project and the city.
8 – July / August 2023
Powered by FlippingBook