Today Planning Minister Frank Sartor released the draft Redfern Waterloo Built Environment Plan (stage one), proposing a significant new commercial centre and generous planning controls. The Property Council was given a briefing on the plans by the Redfe

It's been a long wait but work has begun on the Green Square town centre, the centerpeice of Australia's largest urban renewal project in the newly dubbed "inner South Sydney".

It’s understandable that investors want to maximise income and minimise expenses. Most investors are borrowing money and they and their managers become obsessed with immediate return because it’s often crucial to the ongoing survival of the investment.

At least three property heavyweights - Lend Lease, Mirvac and Stockland - are in the running for one of Australia's largest but most difficulturban renewal projects - the creation of the $1.1billion Green Square town centre in Sydney.