There's lots to come in Springfield
Maha Sinnathamby’s Springfield City Group has appointed Moelis Australia to lead the global search for a development partner for its $88 billion Springfield masterplan, west of Brisbane.
Located in one of Australia’s fastest-growing growth corridors, Springfield was privately established in 1992 on 2,860 hectares of Ipswich land by Sinnathamby and his deputy chairman Bob Sharpless.
Sinnathamby said the group is seeking a partner, or consortia of partners, to effectively “finish” building the city, fast-tracking the economy’s growth and building greater amenity for residents.
“The cornerstones are already in place: the transport links are built; there are eleven schools, a university and a hospital—the hard work has been done.”
About 25 per cent of Springfield’s development has been completed so far, much of it through long-term partnerships with Australian property groups Lendlease, Aveo and Chinese major corporate R&F properties.
More information on the future of Springfield can be found here.