Cedar Woods delivers Emergency Communications Facility in Williams Landing
24 March 2020
Cedar Woods is pleased to announce the $25.93 million settlement of the recently completed Emergency Communications Facility in Williams Landing, Victoria, which will contribute directly to FY20 earnings.
The Emergency Communications Facility is a valued addition to Williams Landing and a credit to the Cedar Woods team, the Victorian State Government and builder partner Hacer.
The vibrancy of Wiliams Landing will continue to grow with around 300 people working at the building, bringing total employment at Williams Landing to approximately 2,100 persons.
The 3,126 square metre property was pre-sold to Hellenic Property Investments Pty Ltd in 2018 and was pre-leased in full to the Assistant Treasurer for and on behalf of the State Government of Victoria, under a 15-year lease agreement.
Cedar Woods holds a significant pipeline of undeveloped sites at Williams Landing which will continue to be developed over the next 10 years.
The project has approximately 17 hectares of development land still available for a mix of office, retail and residential projects.
The project’s masterplan will continue to be an important element of our strategy to grow a national portfolio diversified by geography, price point and product type.
According to economist MacroPlan Dimasi, Williams Landing has the capacity to host up to 23,000 jobs once fully developed, making it a significant commercial centre and business hub in Melbourne’s west.