The Aura estate, a Stockland-funded suburb located in South Caloundra near Sunshine Coast, has only this month started the construction of an enormous $222 million business park for the region, with earthworks now underway. The new development is one of two business parks planned. It will provide spaces for various facilities, including: manufacturing, warehousing, showrooms, office spaces, indoor sports, and research, housing around 3,000 new jobs.
Stockland Corporation Limited, founded in 1951, is one of the largest property groups in Australia, with over $16.6 billion worth of real estate assets scattered across the nation. However, the Aura estate is no small spectacle for the developer, marking the largest solely owned master-planned community in Australia and representing a $5 billion investment into construction, including a $1 billion commitment over a ten-year period. This commitment coincides with a $4 billion investment by the local and state government.
It will provide spaces for various facilities, including: manufacturing, warehousing, showrooms, office spaces, indoor sports, and research, housing around 3,000 new jobs.
Kingsley Andrew, General Manager of Stockland Queensland, highlights how important the development is to the Queensland’s local and state-wide community: “Our vision at Aura is to deliver Australia’s most prosperous and connected master planned community with one job created for every household – that’s 20,000 permanent new jobs over the life of the project. The delivery of this business park so early in the project’s life creates a jobs hub that will enable Aura’s early residents to work close to where they live. It’s a key part of our aspiration to create the most sustainable and liveable community in Australia.”
Stockland’s Group Executive and CEO of Commercial Property John Schroder gives insights into Stockland’s construction’s progress across the country. “The launch of the $222 million Aura business park is an important part of our national Logistics and Business Parks strategy,” he says. “The start of construction at the Aura Business Park follows the strong progress of our $680 million national Logistics and Business Park development pipeline, which also includes the new $77 million business park currently under construction at Warwick Farm in Sydney.”
Coopers Paddock Logistics Park, the business park located in Warwick Farm, South-west Sydney, is a 52,000-square metre industrial precinct that creates 250 local construction jobs and 300 long-term permanent jobs. The multi-warehouse development is set to be finalised construction by early 2018, with big names such as Daikin already leasing substantial space in the facility.
When the construction of the Aura project first started in 2015, it was expected to generate over 1700 direct and indirect jobs in the first year. Considering the magnitude of the project, however, it’s believed more employment has been offered as the scheme expanded, drawing more residents to the area.
Considering the magnitude of the project, however, it’s believed more employment has been offered as the scheme expanded, drawing more residents to the area.
Stockland’s Aura estate comprises 2,400 hectares, consisting of nine sporting grounds, various parks and playgrounds, a central park, and a new town centre. All homes will be situated near recreational facilities, less than one kilometre from a community garden area. By 2030, granted there are no delays , the suburb is suggested to have 20,000 dwellings housing 50,000 residents and contribute $1.5 billion annually to the Sunshine Coast’s GDP.
The Sunshine Coast Council forecasts suggest 150,000 occupants will move to the Sunshine Coast region the next two decades, with home buyers originally purchasing around 17 lots a week from the new Aura residents, aiming to absorb a third of the populace influx.