October 28, 2016
CONSTRUCTION STARTS ON $150 MILLION PROJECT – THE MEADOWS AT BARDIA
The Monarch Investments Group (Monarch) has started construction on its $150 million The Meadows at Bardia masterplanned project located in Sydney’s South West growth corridor. TRN has been awarded the civil works and Zac Homes is building the houses in stage one.
Over the past 60 years, Monarch has developed over 6,000 land lots across Sydney and New South Wales. More than 4000 were developed in the South West growth corridor.
Peter Icklow, CEO of Monarch comments, “The South West is currently experiencing rapid growth. Every week there are new houses being built, infrastructure works starting, warehouse facilities securing multi-national businesses and new community facilities opening. The Meadows is located in the middle of this activity and is strategically located about one kilometre from Edmondson Park Train Station and the billion dollar Edmondson Park Town Centre.”
Glenn Fordham, Director, General Manager Projects at TRN said, “We have worked with Monarch for more than 10 years in helping construct their masterplanned communities across the South West. Like us, they are a family run business that is focused on providing jobs for the locals. We are pleased to be working together again to create yet another successful lifestyle community and hundreds of jobs.
“TRN started in the region 50 years ago and now employs over 350 full-time staff and hundreds of sub-contractors and suppliers. Around 2005, when the State government announced its plans for the South West growth corridor our business experienced exponential growth. This growth is set to continue well into the future and we intend to play a major part in it.”
Last week a Western Sydney City Deal between the NSW government and Commonwealth is expected to create more than 100,000 jobs which includes Badgery’s Creek airport. Construction of the airport will generate $1.9 billion for the local economy, with a further $400 million across the rest of Sydney. The South West region will significantly benefit from this deal.
Mr Icklow continued, “We purchased our first parcel of land in the South West’s Liverpool and Fairfield areas in the early seventies as we could see the potential in the area. The population was growing and it was moving in this direction. It was a logical place to develop. Since that time Monarch has continued to purchase well located sites and provide housing for thousands of people.”
He added, “In our early developments we were attracting mum and dads that were seeking to upsize, today most of the sales in The Meadows and our recently completed project Ingleburn Gardens were to first home buyers. In many cases we are selling to the children of parents who purchased with us a decade or two ago. The children have grown up in the area and would like to stay in it. Many are also moving from apartment living in inner city areas to duplexes in The Meadows. The prices are more affordable.”
Two hundred and ten houses will be built in The Meadows which is situated in the suburb of Bardia at the junction of the M7 and M5. The Meadows is located directly beside Monarch’s Ingleburn Gardens Estate and across the road from the company’s first major development in the area, Macquarie Links Estate.
A swimming pool, playground and recreational facilities will feature in The Meadows. It is a short drive from Crossroads Homemaker Centre which includes Costco, Bunnings and Bing Lee. Sydney’s CBD is an approximate 40 minute drive and the proposed Badgery’s Creek Airport will be located within a 20 minute commute.
Prices start from $624,950 to $749,997 (average $670,000) for a three bed duplex and range in lot size from 230 sqm to 390 sqm.
For further information visit: www.themeadowsbardia.com or phone 1800 548 343.
Media contact: Natasha McGuire, Red Leopard PR, Phone: 02 9328 4248 or 04000 90553.