2018-19 Central Coast Investment Prospectus 2018-19
Gosford aerial showing revitalisation and development of the Central Coast hub

Investment Activity

Who is investing in the region?

The Central Coast and in particular Gosford City is experiencing an unprecedented investment boom as investors, property developers and businesses looking to relocate from Sydney see the benefits that the region has to offer in terms of growth and security. At the same time the NSW Government is spending over a billion dollars on infrastructure projects in the region.

While much of this investment was initiated in the few years prior to the formation of the new Central Coast Council in 2015 a renewed confidence in the region has sprung from policies of the NSW State Government following the introduction of the Central Coast Growth Plan 2036 and the Minister for Planning announcing a plan for the Revitalisation of Gosford CBD that will transform it into the Regional City of the Central Coast.

Commercial and Industrial investments

Wyong Areas Coal Joint Venture

Wallarah 2 Buttonderry surface facilities site

(above) Artist impression of the Wallarah 2 Buttonderry surface facilities site.

The Wallarah 2 coal mining project at Wyong owned by the Wyong Areas Coal Joint Venture (WACJV) received Federal Government approval in mid-January 2019 and subsequently in mid-2019 final approval from the NSW Government to proceed with development of two mining leases that will see a $800 million underground thermal coal mine and ancillary works proceed.

The approvals followed extensive investigations and assessment including multiple reviews at State and Federal Government levels over twenty years.

The project will involve construction and operation of an underground coal mine and associated facilities for 28 years, the estimated initial life of the mine, and will involve the extraction of up to 5 million tonnes annually of export quality thermal coal using longwall mining methods. Overall the project will comprise; coal handling and storage facilities, rail spur and loading infrastructure, an underground drift entry and ventilation shafts, gas and water management facilities and maintenance facilities and administration buildings.

The company is now preparing management plans to satisfy consent conditions governing mine construction and operations, whilst in parallel it refines the design of critical path infrastructure including power supply and drift driveage equipment which is anticipated to be operationally ready in 2022.

The WACJV consists of Kores Australia Pty Ltd - 82.25%, Sojitz Coal Resources Pty Ltd - 5.00%, Kyungdong Australia Pty Ltd - 4.25%, SK Networks Resources Australia (Wyong) Pty Ltd - 4.25% and SK Networks Resources Pty Ltd - 4.25%.

The project is managed by Wyong Coal Pty Limited on behalf of the WACJV. The Wyong Coal team consists of a small group of highly credentialled Senior Australian mining professionals with significant experience in the approvals, development and operation of Underground Longwall mines and related industry in Australia, Asia Pacific and the UK.

It is estimated that this mine will increase economic turnover in the Central Coast region by $600 million annually and create more than 300 direct full time jobs in the mining operation with over 500 flow-on jobs in manufacturing, retail, building and transport within the region.

CSR Hebel

CSR Hebel’s new production facillity at Somersby

(above) CSR Hebel’s new production facillity at Somersby

CSR Hebel is Australia’s leading manufacturer of autoclaved aerated concrete (AAC) and is located in the Somersby Industrial Estate having established the first AAC production facility in Australia in 1990.

Owned by CSR Limited, CSR Hebel completed a $75 million expansion of their Somersby operation with a new 10,000 sqm factory building and installation of the world’s most advanced and highly automated leading edge equipment in mid-2019.

This landmark project provides new capacity to meet the growing demand from the Australian and New Zealand construction market for Hebel’s innovative and quality autoclaved aerated concrete (AAC) products. The plant showcases the best practices in automation and environmental and waste management.

Borg Manufacturing Pty Ltd

new Borg Manufacturing facility at Somersby

(above) Artist’s drawing of new Borg Manufacturing facility at Somersby

Borg Manufacturing is a leading Australian manufacturer of melamine panels and components for all joinery applications.

A Central Coast family owned company Borg was established at Charmhaven in 1991. In 2000 it opened its first facility at Somersby and has since expanded into a multi-million investment on multiple sites. The company employs over 2,000 staff nationally and 850 on the Central Coast.

In a further move to expand their manufacturing and related business activities, Borg have acquired a 10.7 hectare site at Somersby adjacent to their national head office for an additional $20 million facility.

Henry Kendall Group

The Henry Kendall Group have over 60 years’ experience in property development and are developing the Golflinks Commercial Campus which comprises 14 hectares of land on the Pacific Highway opposite the Wyong Golf Course adjacent to the industrial area.

The Campus has faster than NBN fibre internet connectivity and provides an integrated ecosystem that includes childcare, food outlets, car wash, service station, medical facilities and premium office space.

Nexus - The centrepiece of this Campus is Nexus, a next generation work space combing 2,500 sqm of the best of serviced offices and co-working facilities..

Nexus is co-located with an onsite data centre that provides redundancy and the fastest fibre internet connection on the Central Coast.

Nexus is co-located with an onsite data centre that provides redundancy and the fastest fibre internet connection on the Central Coast. Servers Australia, one of Australia’s leaders in the provision of dedicated server solutions has located its head office and data centre into a dedicated building within the Golflinks Commercial Campus. 

Golflinks Commercial Campus showing (left) Servers Australia headquarters and (right) Nexus Smart Hub

Nexus Smart Hub (photo by Lookpro Photography)

Gibbens Group

New ING building

(above) Architectural image of new ING Building at Wyong

Central Coast property developer Gibbens Group have lodged a Development Application with Central Coast Council for a 4-storey office building at 4 Dulmison Avenue, Wyong (on the edge of the North Wyong Industrial Estate).

The building, with a construction cost of around $11 million will comprise a total gross floor area of 5,519 sqm on a 12,268 sqm site and will include a ground floor café and outdoor garden / breakout area. Secure external car parking for 300 vehicles is provided for.

It is understood that three levels of the building will be occupied by ING Bank call centre.

ING have operated a call centre in Tuggerah Business Park for about 25 years.

The site on which the ING development is proposed covers 8.26 Ha and comprises a number of industrial buildings known as Wyong Business Park. The property was acquired by Gibbens Group about four years ago.

University of Newcastle

UON Medical School

(above) Architectural image of proposed Central Coast Medical School and Research Institute

Work commenced in early September 2019 on a new $72.5 million Central Coast Medical School and Central Coast Research Institute adjacent to the Gosford Hospital.

The facility is a partnership between the University and the Central Coast Local Health District (LHD) with funding from the Federal and State Governments and the University of Newcastle.

The Medical School will house 600 to 700 students while the Central Coast Research Institute for Integrated Care and Population Health will focus on growing an organisation of national and international reputation in Australia and the Asia-Pacific.

Northside Medical Precinct

Proposed Northside Medical Precinct

(above) Architectural image of proposed Northside Medical Precinct

Northside Group, a Joint Venture between AA Crown Holdings Pty Ltd and Central Coast property developers Commercialhq and Gibbens Group, have lodged a State Significant Development Application for a $350 million private hospital at West Gosford.

Northside Private Hospital will include 14 state of the art operating theatres, 224 inpatient beds, an intensive care unit, a radiology department, food and retail tenancies, a pathology centre, a pharmacy and other specialised ancillary services.

Pending approval, the new hospital is expected to be completed by 2022.

Subsequently Commercialhq and Gibbens Group will develop a $30 million Medical Precinct comprising specialists and GP consulting rooms and clinical support services adjacent to the private hospital on the 3.1 Ha site.

The Lederer Group

Architectural image of proposed Gosford Alive development by the Lederer Group

(above) Architectural image of proposed Gosford Alive development by the Lederer Group

The Lederer Group have lodged a revised development proposal for their Gosford Alive project with the Department of Planning that will now see it considered by the Gosford Design Panel set up late last year to revitalise Gosford CBD.

The State Significant Development, on the Kibbleplex site is for a $280 million development comprising five towers above a podium with mixed uses including residential, retail, entertainment, leisure, indoor recreation, cinema and food and beverage.

Lederer say that with five towers across the site, the mix in height, shape and size allows for flexibility in use and individual staging of the project.

A spokesman for the Lederer Group said, “Following the State Government’s planning policy changes back in October last year, we have again spent considerable time master planning the Kibbleplex site based around the Government’s Architects brief and new policies.

St Hilliers

Tax office and StHilliers

(above) NSW Financial Services Building completed by St Hilliers in late 2018

St Hilliers is one of Australia’s leading private, integrated property and construction groups. The company acquired the former Gosford Primary School site of 1.13 hectares in 2016.

In late 2018 St Hilliers completed the first stage of the redevelopment of site now known as Central Coast Quarter with the construction of a 7-level $50 million commercial building for the NSW Department of Financial Services.

In September 2019 St Hilliers lodged a masterplan DA with the NSW Department of Planning for an integrated mixed-use precinct with a hotel, residential apartments, food, beverage and retail outlets and multiple public thoroughfares to be known as Central Coast Quarter. The development has been designed to revitalise the southern end of Mann Street, Gosford.

St Hilliers’ proposed development on the Central Coast Quarter site

(above) Architectural image of St Hilliers’ proposed development on the Central Coast Quarter site

Healthe Care Australia

Health Care Australia Private Hospital

(above) Tuggerah Lakes Private Hospital completed by Healthe Care Australia in early 2019

Healthe Care Australia is the third largest private hospital operator in Australia. Healthe Care operates Gosford Private Hospital, Brisbane Waters Private Hospital and Tuggerah Lakes Private hospital.

The company is investing $75 million on the Central Coast.

In 2018 the company completed a $10 million expansion and refurbishment of their Brisbane Waters Private Hospital at Woy Woy in 2018 and has invested $23 million in a new hospital, Tuggerah Lakes Private Hospital completed in early 2019 and is currently investing $32 million in a significant expansion of Gosford Private Hospital.

Central Coast Grammar School

Architectural image of K – 6 Junior School for Central Coast Grammar School due to open in early 2020

(above) Architectural image of K – 6 Junior School for Central Coast Grammar School due to open in early 2020

Central Coast Grammar School at Erina Heights, the region’s premier school and home to 1290 boys and girls from Kindergarten to Year 12, is investing over $20M in a new Kindergarten to Year 6 Junior School that will open in January 2021.

Work commenced in June 2019 and associated works include a grandstand and sporting facilities.

A separate project already in the planning will convert the existing Junior School facilities to use for Senior students. The new buildings will accelerate the school’s capacity to deliver next generation teaching and learning at the heart of its strategic plan and create capacity to meet the growing demand from young families relocating to the Central Coast.

Central Real Pinnacle

Private residential investment

Central Real

Central Real is a property development company founded by Tony Denny who has, in the last three years developed and is continuing to develop a $500 million portfolio of luxury residential apartments in Gosford and Terrigal.

In 2019 three developments, MARINA, VUE and ICON with a total of 140 units were completed and exchanged. Currently under construction are SCENIC (33 apartments), AQUA (60 apartments) and ELYSIUM Terrigal (64 apartments over 6 buildings). Construction commenced on PENINSULA Point Frederick in mid 2019.

Elysium Terrigal

Aqua Gosford

Peninsula Point Frederick

Tony Denny

Tony Denny

“I can see the Central Coast becoming the most desirable place to live in Australia because it will offer the perfect work/life blend. It is becoming a lot more cosmopolitan as more people have made it their home.  There’s a lot of nice things to do here, good restaurants, great beaches, natural parks and the schools are fantastic.  What is more, we are just one hour from Sydney with countless entertainment and leisure opportunities for us to enjoy.

That is why I live here and why I chose to invest over half a billion dollars in residential property developments in Gosford.”

Central Real

John Singleton Group

Well known adman John Singleton has a substantial investment in the Central Coast.

He has invested in the Gosford CBD with the $35 million Bonython Tower completed in early 2019. This project comprises a 12 level landmark development with 56 premium luxury apartments plus 1,360 sqm of commercial office space on levels 2 and 3 while the ground floor features an iconic tavern and restaurant, The Bon Pavilion.

During 2018 Mr Singleton completed the building of a new restaurant on the Pacific Highway at Mt White near Gosford. Saddles Restaurant and Bakehouse and adjacent wholesale nursery is built on a 10 hectare site and represents an investment of more than $5 million. He owns Pretty Beach House overlooking the entrance to Brisbane Water regarded by Conde Nast as one of Australia’s most exclusive and luxurious accommodation locations.

The John Singleton Group will commence construction of Ravello a 9-level residential development in early 2020 on the Gosford Waterfront.

Bonython Tower, Mann Street, Gosford – under construction

Bonython Tower

Pinnacle Construction Group

Pinnacle Construction Group, a Sydney builder and property developer will complete construction of Merindah a 140 apartment development over 15 levels with three levels of basement car parking and featuring a podium garden at 21-23 Mann Street, Gosford in early 2020.

Meanwhile Pinnacle have acquired further development sites in Gosford one of which will be known as Sapphire on Henry Parry Drive and will comprise 97 units in a ten level, three tower development.

Pinnacle Founder and Director, Joe Bechara, said that Gosford offers some of the best water views and lifestyle opportunities in the state and with the State Government now backing its revitalisation the city’s future is ensured. “This has given us the confidence to invest and make the Coast our future,” he said.

Merindah Apartments

Architects image of Merindah Gosford

Merindah Apartments

Merindah Gosford – photo taken August 2019

MIRAIT Stevens Construction Stevens Construction

Government investment: