Westmead Innovation Precinct: NSW Government approve Western Sydney University plans
It is the multimillion-dollar innovation precinct expected to become the Silicon Valley of medical research — and it will be built at the geographical heart of Sydney. SEE THE PLANS HERE.
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Plans for a $350 million “innovation quarter” in a joint venture between a developer and Western Sydney University at the heart of Sydney have been approved by the NSW Government.
The university and developers Charter Hall announced the approval of stage one and two of the health, education, research and business hub in Westmead, creating of “one of the world’s most advanced innovation districts”.
Western Sydney University vice-chancellor and president Professor Barney Glover said research and education at Westmead was “critical” for the university.
“This approval sends a vitally important signal that innovative public-private initiatives like Innovation Quarter are well placed to navigate the challenging terrain ahead,” Prof Glover said.
The multimillion-dollar plans include the construction of two new high-rise towers located between Westmead Hospital and the station — featuring 28,000 sqm of health and research facilities, 2000sq m of retail facilities such as cafes, supermarkets, fitness centre and childcare.
Charter Hall managing director and group chief executive David Harrison said more than 1000 jobs would be created by the precinct.
“IQ will create a truly visionary precinct that brings together the most forward-thinking research, health education and commercial sectors in the Southern Hemisphere,” he said.
“The project will provide an environment for some of the brightest minds in the country to innovate, create opportunities for collaboration and solve global challenges in the heart of Westmead.”