Frasers Property Australia has set up its first Sustainable Finance Framework, the first to define an entire portfolio as sustainable assets using the Global Real Estate Sustainability Benchmark (GRESB) ratings and also the first of its kind framework for sustainability-linked bonds and loans in Asia Pacific from a real estate company.
Detailed visuals and plans on proposed modification now available
SHELL COVE, 8 FEBRUARY 2018 – The Shellharbour community will have an opportunity to review detailed reports and visuals of the proposed modification to the Shell Cove concept plan at consultation evenings on Monday and Wednesday, February 12 and 14.
Following lodgement of the proposed modification last August, 207 responses from members of the public, Government agencies and other bodies were received by the New South Wales Department of Planning and Environment.
The development partners, Frasers Property Australia and Shellharbour City Council, reviewed these submissions, commissioned specialist consultants to complete independent reports on the specific issues identified in the responses, and prepared additional, more detailed material.
The development partners then engaged Ethos Urban (formerly JBA Planning) to collate and calibrate the reports from a holistic perspective, and to provide advice. Ethos Urban is one of Australia’s leading national urban planning solutions companies blending design, economics, engagement and planning assessment expertise.
The Ethos Urban report, which encompasses each of the independent reports, will form the basis of a further submission by the development partners to the NSW Department of Planning and Environment, after which the proposed modification plan will be referred to the Planning Assessment Commission to decide an outcome.
The Mayor of Shellharbour, Councillor Marianne Saliba, says the proposed modifications to the 2011 approved Concept Plan are a response to the detailed design development in many of the precincts - particularly the town centre – having evolved over the past six years.
“The Shell Cove development has been a 30-year journey to create an activated and vibrant regional hub that will stimulate tourism and boost the local economy,” says Ms Saliba.
“The most visual component of this long-term project is taking shape now, with the creation of The Waterfront, Shell Cove and the town centre, marina and boat harbour it comprises.
“In essence, the specific differences between the existing approved concept plan and the proposed modification plan is an additional 318 dwellings largely in the town centre, increasing building heights by one to two levels in three of the nine precincts, increasing the development area covered by the concept plan by 5,850 square metres, and relocating and re-orientating the hotel.
“There have also been some height reductions in certain locations as part of the refinement of the plan and allocation of land use,” she says.
Nigel Edgar, General Manager - NSW Residential, Frasers Property Australia says it was clear from the responses that the community wanted finer detailed information about the proposed modification.
“We accept the proposed modification plan should have been subject to earlier community consultation. This was a regrettable oversight on our part and we made an undertaking to be clear and transparent with the community moving forward,” says Mr Edgar.
“The consultation events are an important opportunity for members of the community to see the detailed differences between the 2011 approved Concept Plan and the 2017 Proposed Concept Plan Modifications. On display will be detailed viewline photomontages; a traffic and parking assessment; a planning review of the vision, overshadowing, social infrastructure and services; as well as new reports on heritage impacts.”
If anyone would like to discuss the proposed modification but is unable to attend the evening sessions, all the comprehensive information will be available via the website www.thewaterfrontshellcove.com.au and the development partners are happy to speak with or meet with people individually if they prefer.
The sessions will be attended by Councillors and officers from Shellharbour City Council, representatives of the various specialist consultancies, and members of the Frasers Property development team will be who will be happy to take questions from the community.
COMMUNITY INFORMATION SESSIONS
When: Monday February 12 and Wednesday February 14, 5.00 pm to 8.00 pm
Where: Shell Cove Primary School, Killalea Dr & Stradbroke Ave, Shell Cove