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Dexus and Frasers Property Plan Henry Deane Plaza Development, Central Station, Sydney

The NSW Government has approved to progress to Stage 2 of the Unsolicited Proposals (USP) process a proposal by Dexus and Frasers Property Australia (“the Partnership”) to redevelop the Henry Deane Plaza at Lee Street, Central.

The Government has agreed that the proposal, in concept form, is deemed of sufficient interest to warrant further development and progression to a more defined project. The Government has not agreed to the proposal.

Stage 2 involves the development of a detailed proposal for redeveloping Henry Deane Plaza into a large scale mixed-use development integrating a transport and pedestrian access solution. At the end of Stage 2, the Government will undertake an assessment of the Detailed Proposal against the USP assessment criteria.

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