Waterloo Collective Construction Commence

1st November 2023

Construction has officially commenced at Waterloo Collective, a $900 million joint venture between Mirvac and John Holland, which will deliver a mixed-use precinct combining residential apartments, social housing, student accommodation, commercial offices, a vibrant ground plane including retail, community facilities and public open space.

MIrvac Waterloo collective


Due for completion in 2026, Waterloo Collective is one of Sydney’s most significant urban renewal projects, a gathering place and destination that embraces the site’s diverse physical, social and cultural environment and provides inclusive spaces for everyone. Mirvac and John Holland will deliver 2,680 square metres of public spaces including a neighbourhood square, and extensive community facilities. 

Waterloo Collective is connected to the new Sydney Metro Waterloo Station, built by John Holland for Sydney Metro, and will open in 2024, providing a direct public transport service to the CBD as part of the Sydney Metro City & Southwest line. The development is expected to support more than 750 construction jobs and create an estimated 3,500 permanent jobs for Sydney.  Mirvac CEO Development Stuart Penklis said that the joint venture project team has spent several years researching, understanding, and engaging with the local community. 

“This site is unique not just in terms of its location, but also the rich history of the area and longstanding community connections. The community has been a central focus for this project since its conception, and our engagement process has reflected this as we brought together the plans that will deliver amenities, facilities and infrastructure that will make Waterloo Collective a welcoming space for all,” Mr Penklis said. 

“What Mirvac and John Holland are delivering at Waterloo speaks to the diversity of the surrounding area as we combine much needed residential apartments, social housing, and student accommodation alongside state-of-the-art commercial offices, retail, and extensive public space, and other community amenities as part of a vibrant mixed-use precinct with direct public transport access to the CBD – two minutes to Central and six minutes to Martin Place.

“The current housing shortage is a critical issue and we are proud to be working alongside our partners and government to deliver diverse housing options in a central Sydney location that ticks all the boxes in terms of critical infrastructure, sustainability, amenities and public transport connectivity.”

John Holland’s Executive General Manager – Building, David Lehmann, said Waterloo Collective would deliver a vibrant community precinct that enhances liveability by connecting people to jobs, housing, retail, hospitality and transport.

“These sorts of developments have the power to transform how we live; beyond the obvious new buildings and open spaces they create. Waterloo Collective will create a truly integrated precinct underpinned by world-class public transport connections through Sydney Metro’s Waterloo Station,” Mr Lehmann said.

“Community strikes at the heart of this project. We know how important it is for this development to represent the diversity of the local area, and I’m proud of the way our team has brought the community on the journey so far.

“We look forward to working closely with Mirvac to bring its vision to life – and deliver a precinct for Waterloo that will shape its liveability for generations to come.”

Mirvac’s CEO Development Stuart Penklis and John Holland’s Executive General Manager – Building David Lehmann were joined at the official commencement event by Lord Mayor of Sydney Clover Moore and other guests, who marked the occasion by unveiling an artwork by Gadigal, Wiradjuri and Yuin artist and Master Weaving Practitioner Nadeena Dixon.   

Waterloo Collective will deliver a total gross floor area of over 68,750 square metres, including:

  • ~32,000 square metres of A-grade commercial space
  • ~4,500 square meters of retail space across the precinct
  • ~126 apartments and ~24 affordable housing apartments within a 22-storey residential tower, including community facilities and a childcare centre
  • 70 social housing apartments across nine storeys 
  • a 25-storey building for student housing, operated by IGLU, accommodating up to 474 students, including student facilities alongside a dedicated workshop space


Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.