NEWS RELEASE

FIRST DEVELOPMENT APPROVAL GRANTED FOR THE GABLES

Celestino is assembling its construction team to soon start work on the next phase of its $4 billion The Gables Box Hill project which has just been granted its first development approval.

The Hills Shire Council has given development approval for the first major four way intersection in The Gables which will be positioned on the corner of Terry Road and Old Pitt Town Road. This intersection will link with major roads that will connect with the school, town centre, sports fields and proposed lake. It will be signalised in the future.

Matthew Scard, Development Director for Celestino, comments, “The team has been working for many years on the project to create a legacy that the community will be proud of. We are pleased to be moving forward with major works on site, ultimately taking the steps we need to move the residents into their new homes as soon as possible.

“Next month work will start on demolition of the existing structures and houses onsite. Early in the new year, bulk earthworks and civil construction for stages one, two and three will start.”

Tender documents have been issued for demolition works which will be split into two stages. Thirty one properties will be demolished in total. In stage one 16 properties between Red Gables Road and Old Pitt Town Road will be removed.

This month Celestino also issued civil construction tender documents for the delivery of stages one, two and three which will deliver over 500 lots.

He added, “We are seeking to secure the best contractors in the industry to help us deliver a development the community will be proud of. Indirectly, The Gables project will generate hundreds of jobs to help stimulate the local economy.”