21.5 C
Byron Shire
April 18, 2021

Sydney developer buys into West Byron

Latest News

Head-on crash car traveling in wrong direction

Police say that two men are in hospital after an accident on the M1 overnight, when emergency services responded to reports of a crash involving two cars near Clothiers Creek

Other News

A man dead after boat capsizes on Ballina Bar

Police have confirmed that a man has died after a boat capsized at Ballina earlier today.

Northern Rivers Food Harvest food trail will return in 2021!

The Northern Rivers Food Harvest Food Trail, to be held on the weekend of 1–2 May 2021, is guaranteed to be a very Northern Rivers experience, reflecting and celebrating the distinctive provenance of our region’s food. The Trail will offer lots of wonderful eating and drinking experiences; being jam-packed with our most-acclaimed restaurants, producers, farmers and growers.

Dead rats in the Byron bubble?

Poppa Veet Mayo, Main Arm Am I the only one who can smell a dead rat in this bubble called...

Affordable myth

Patricia Warren, Brunswick Heads There is a ‘myth of affordable housing’ in Byron Shire. Well may councillors lament the lack of ‘affordable...

Man charged with assault after death at Coffs Harbour

A man will face court today charged with assault as inquiries continue into the death of a man at Coffs Harbour after an altercation on Saturday.

Tweed council adopts Jack Evans Boat Harbour plan

The Tweed Shire Council has announced that they have adopted the Plan of Management for the Jack Evans Boat Harbour precinct.

Sydney developer Terry Agnew, seen here spruiking the benefits of his Great Keppel Island development, has bought into West Byron.
Sydney developer Terry Agnew, seen here spruiking the benefits of his Great Keppel Island development, has bought into West Byron.

Hans Lovejoy

Prominent Sydney CBD property developer Terry Agnew has bought a sizeable portion of the West Byron project, prompting claims by the Byron Residents Group that the ‘locally-owned’ aspect of the development now has little relevance.

Approval for the West Byron project, a 108- hectare housing/commercial estate situated opposite the industrial estate on Ewingsdale Road, is expected shortly from the state government.

Agnew, who heads Tower Holdings with a swag of properties, also owns a Great Keppel Island resort, where a $2.5 billion redevelopment is planned. Tower Holdings bought the resort for $16.5 million in 2008 before shutting it down and unveiling ambitious plans for a luxury resort.

And while his plans were thwarted by environmental concerns such as illegal tree clearing, last year he finally gained approval for a reduced 250-berth marina precinct, 750 resort villas and 300 apartments, a hotel and an 18-hole golf course.

Echonetdaily sought comment from Mr Agnew’s office, but as yet there has been none.

The West Byron landowners confirmed the purchase with Echonetdaily through communications consultancy company Charliesierra but played down any negative influence the new co-owner may have.

‘Tower Holdings has joined the landowner group after purchasing Crighton’s holdings earlier this year,’ they said.

‘The entire landowner group, including Tower Holdings, is committed to making West Byron a vibrant community that integrates with the social fabric of the Byron area,’ the PR company added.

No comment on price paid

And while the West Byron group won’t comment on the price paid or the size of land Mr Agnew’s company now owns, title searches by a solicitor on behalf of environmental activist Dailan Pugh put the figure at $7 million and around half the entire property.

Mr Pugh told Echonetdaily that Crighton Properties’ liquidators sold the half-share of West Byron to North Sydney Property Trust (NSPT Pty Ltd) after Crighton went bust in April last year.

He told Echonetdaily that Agnew’s subsidiary NSPT, ‘paid $7,000,000 for the [West Byron] land, as per the land titles office registered transfer. The directors of NSPT are a Terrance John Agnew of Bellevue Hill NSW and Timothy Stringer of Drummoyne NSW.’

Pugh believes that Agnew is now the single biggest owner in the property. Whether that potentially provides a controlling interest in the proposed development is unclear.

Byron Residents Group’s Cate Coorey said, ‘For a long time we have been told that it is local people involved in this development and they have the community’s best interests at heart. Now that a major developer has bought this parcel, it changes the landscape quite a bit.

‘We have always been concerned that the West Byron landowners were simply trying to get the development approved before selling out to a developer who could afford to undertake a project of this size.

‘With Agnew’s purchase of half the site, how long will it be before he expands his holdings?’

 


More stories tagged West Byron development

West Byron – wetland or suburb?

Turning the West Byron housing development site into a wetland for excess effluent from the Byron Bay Sewage Treatment Plant (STP) is a possible solution to its increased output, says Greens MP Tamara Smith and Byron Shire councillor Cate Coorey.

3

Destructive West Byron development refuses to die

West Byron has raised its ugly head again as a group of local landholders attempt to use the courts to force their excessive and inappropriate over-development of a sensitive site, adjacent to the Belongil Estuary, upon the Byron community, against its will and best interests.

5

Editorial: The dice are loaded

The Regional Planning Panel (RPP) booked the Byron Theatre last week in order to give local people the opportunity to let off steam with verbal objections to the West Byron development proposal.

0

No agreement reached in West Byron mediation

A court-ordered mediation between Byron Shire Council and West Byron landowners yesterday resulted in no in-principle agreement, meaning the matter will likely head to court.

3


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

1 COMMENT

  1. He will stuff Great Keppel Island and he will stuff Byron Bay.Is this developer following in the footsteps of Skase,Bond and Williams ?Skase wrecked Port Douglas,Williams wrecked Cardwell and its dugong feeding grounds.Beware of grandiose developments with big pockets and big heads.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Housing crisis and Council

Avital Sheffer, Mullumbimby Population growth in this Shire is inevitable like it or not. Those who are being pushed out by the unfolding housing tragedy are...

Flawed plan

Kai Beijerbacht, Mullumbimby For those of you who haven’t been living under a rock, I’m sure you are aware of the ever-increasing housing shortage crisis in...

Affordable myth

Patricia Warren, Brunswick Heads There is a ‘myth of affordable housing’ in Byron Shire. Well may councillors lament the lack of ‘affordable housing’ in Byron Shire but...

Midwife quits

Deb Walsh, Fernleigh It’s become untenable for me to continue working in hospitals. I have quit. I will be deregistered soon by my own choice. Working with...