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BUSINESS NEWS
Stevens Group to develop former Kurri smelter site with Joint Venture partner McCloy Group AN ANNOUNCEMENT IN midMay by the Federal Government that it will spend up to $600 million to build a new gas-fired power station at Kurri Kurri was the trigger for the owners of the former Hydro Aluminium smelter site at Kurri Kurri to move ahead with their plans to develop the 2,000 ha site. Acquired by property developers Stevens Group and McCloy Group in 2020 it is proposed to create a masterplanned, mixed use urban development with over 2,000 new residential homesites and a major industrial and business land subdivision. In addition, 1,000 hectares has been set aside for environmental and buffer zones. All the biodiversity required exists as part of this land. The joint venture partners are planning to transform the smelter site into a model suburb, to be named Loxton Waters, with indusSite map of proposed redevelopment of Kurri Kurri smelter site trial and business areas and seven land ideal to include power generation, residential areas with associated shopping including solar farm and battery storage as centre with access off Cessnock Road adjawell as a gas peaking plant. A gas peaking cent to the Hunter Expressway. plant in the Hunter region will guarantee The smelter ceased operations and perits future as a one of Australia’s major manently shut down in 2014 with a loss of manufacturing regions. “We also have data 600 jobs. Since then remediation work has centres and waste to energy groups finalisbeen underway and is almost complete. ing due diligence to be part of the site,” said The high-voltage power infrastructure John Stevens Managing Director of Stevens installed for the smelter made the industrial Group. Mr Stevens founded the Stevens Group, a Central Coast based property developer, who is considered to be one of the most Considering respected in the state and similarly the
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Newcastle based McCloy Group are regarded in the same light. Stevens Group developed The Vintage in the Hunter Valley and among their more recent developments is The Foreshore at Toronto. Mr Stevens said that the site is one of the most strategic sites in the Lower Hunter. “it’s not just a large block of land. It has got the freeway running right beside it and it fits into the NSW Government, Cessnock and Maitland Councils’ growth plans. “It is the most exciting project Jeff and I have ever been involved in.”
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CENTRAL COAST BUSINESS REVIEW JULY 2021
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