Developers line up for Central Barangaroo

The Barangaroo Delivery Authority has short-listed five Australian property companies to develop the two hectares of Sydney’s Central Barangaroo site.

Mirvac Group, Grocon, Frasers Property Australia, Cbus Property and Lend Lease have been short-listed from 16 parties, according to a statement from the BDA.

Central Barangaroo will be a mixed-use area between the financial quarter of Barangaroo South and Headland Park at its northern end.

There are the three development parcels.

The formal development bid process will now commence and the shortlisted companies will have options to submit bids that combine two or more parcels of land over two hectares of the five-hectare site.

“Central Barangaroo will be an active and diverse mixed-use area located between the financial quarter of Barangaroo South and the natural beauty of the Headland Park,” ­Barangaroo Delivery Authority chief executive John Tabart said.

Construction at Central Barangaroo is expected to start in mid-2016 and be completed in 2021.