The combined residential, medical, university and retail precinct is believed to be the first of its kind in Australia.
The West Joint Regional Planning Panel has approved 556 apartments over five buildings at the company’s Highline Westmead residential complex to be constructed at a cost of $168 million.
A second development application is pending which could allow the construction of another 344 units with basement parking at a cost of $113 million.
Together they make up the four-hectare development to be constructed over the vacant lots on the corner of Darcy and Hawkesbury roads.
Deicorp bought the sites through an expressions-of-interest campaign from Western Sydney University in late 2015.
The heritage-listed St Vincent's and Farmhouse buildings will be retained.
Westmead has been identified by the NSW government as a State Significant Development site due to the size, economic value and importance to Parramatta and Western Sydney
The Westmead precinct, spanning 75 hectares and central to Western Sydney’s economic transformation, comprises over 400,000 square metres of high-end health-related developments.
These include four major hospitals, three world-leading medical research institutes, two university campuses and the largest research-intensive pathology service in NSW.
More than $3B has been committed by government, universities and the private sector to upgrade and expand the precinct’s health services, education and medical research facilities over the coming years.
By 2036 the number of full-time staff working across Westmead will increase to more than 30,000 and the number of students will expand to more than 10,000.
