Developer buys apartment block for emergency housing
The philanthropic arm of Dubai based development giant Arada has paid $3.4 million for a south west Sydney apartment block to repurpose for safe housing and crisis support.
Expected to accommodate 20 people a night, the Campsie units will also provide accommodation to women seeking independence pathways following domestic and family violence.
Branded Arada House, the complex will be run by Women’s Community Shelters.
Residents will have access to a suite of support services.
Arada House
Arada aims to develop $4 billion of Australian real estate product.
It presently controls seven sites here including in the Hills Showground Station precinct where last month, it applied to build 431 apartments.
“This launch [of the Campsie asset today] marks a significant milestone in the Arada Foundation’s social impact journey in Australia,” a representative said in a statement.
“Domestic and family violence is…the leading cause of homelessness for women and children,” they added.
“In the Canterbury-Bankstown Local Government Area (LGA), where Campsie is located, more than 1700 domestic and family violence-related assaults are recorded each year- roughly on par with the NSW state average,” according to the spokesperson.
“At the same time, 2695 people were identified as homeless in the 2021 Census.
“With social housing wait times in the Canterbury and Bankstown allocation zones exceeding 10 years for most property types, the need for safe, stable housing has never been more urgent”.
Subscribe to our newsletter at the bottom of this page.
