Keyhole Lands, Horsley Park Australand C & I Land Holdings Pty Ltd Planning Agreement

The parties to the Planning Agreement are:
1. Transport for NSW (ABN 18 804 239 602) of 4 Parramatta Square, 12 Darcy Street, Parramatta NSW 2150 (TfNSW); and
2. Australand C & I Land Holdings Pty Ltd (ACN 107 356 641) as trustee for the Frasers Property C&I Land Holdings (Horsley Park No.1) Trust of Level 2, 1C Homebush Bay Drive, Rhodes NSW 2138 (Developer).

The Developer proposes to carry out the Development on the Developer Land predominantly to create industrial warehousing facilities. In order to facilitate the
Development, the Developer has sought amendments to the Fairfield Local Environmental Plan 2013 (LEP) to:
1. rezone the land identified in the Planning Proposal from RU2 Rural Landscape to E4 General Industrial;
2. remove the existing height of buildings control applying to the Developer Land;
3. introduce a floor space ratio control of 0.55:1;
4. reduce the minimum lot size development standard from 10,000m² to 930m²; and
5. remove the minimum lot size for dual occupancy development standard.

The Developer has entered into the Planning Agreement with TfNSW under section 7.4 of the Act in connection with the change to the LEP resulting from the Planning Proposal and the future development of the Land.