Billionaire Maha Sinnathamby Puts Large Springfield Property on the Market

Billionaire property developer Maha Sinnathamby is selling a 12.7 hectare mixed-use development site in the Greater Springfield area, located 25 km southwest of Brisbane.

Founder of the Springfield City Group, Sinnathamby aims to “inject a new wave of activity” into the already rapidly growing region with this offering.

Maha Sinnathamby, visionary property developer

Maha Sinnathamby has been developing the Greater Springfield area for over 30 years. His company wants to maintain the momentum of growth in the region through the sale of this site.

The Greater Springfield area has already benefited from $18 billion worth of investment in infrastructure projects. This includes the $1.2 billion Springfield rail network, the $80 million Brighton Homes Arena, and the $85 million Mater Hospital.

High retail demand in region

The site, known as City West, has initial approvals in place for a variety of uses including retail, commercial offices, entertainment, leisure and medium density residential.

According to Colliers agent Lachlan MacGillivray, new retail floorspace in the region needs to grow by 2.2 million square metres over the next decade to meet the demands of population growth. Hence, sites like City West are becoming critical as demand outweighs supply.

The City West site is being marketed through an expressions of interest campaign by Colliers and Stonebridge Property. The campaign closes on March 15.

Published 29-February-2024

Springfield’s Ambitious Journey Towards a Health and Knowledge Hub

Maha Sinnathamby, the visionary founder of Springfield City Group, is embarking on an ambitious journey in Springfield, a suburb that’s been steadily transforming since its inception in 1992. Drawing inspiration from the Texas Medical Center, Mr Sinnathamby aims to establish Springfield as a leading knowledge and health precinct.

Over three decades, Mr Sinnathamby and his business partner Bob Sharpless have turned 2,860 hectares of land into a thriving community with more than 53,000 residents across six suburbs. Their relentless pace and innovative thinking have been crucial in Springfield’s evolution.

Central to Springfield’s transformation is the Knowledge Precinct, spanning 120 hectares and focusing on health, education, and innovation. This precinct represents a significant step towards realising Sinnathamby’s vision of enhancing human and social capital. 

Photo Credit: Google Maps

“Health, education and IT are the key drivers to make a unique community,” Mr Sinnathamby explained, underscoring his commitment to planning a city of the future. 

The Texas Medical Center, known as the world’s largest medical complex, serves as the blueprint for Mr Sinnathamby’s vision. He plans to emulate its success in Springfield by focusing on life sciences and collaboration in medical research and education.

Springfield boasts an extensive network of transport links, schools, and recreational facilities. The Mater Hospital, set to be the nation’s largest, anchors a 52-hectare health precinct. An 18-hectare education precinct centered around the University of Southern Queensland adds to Springfield’s allure as a hub for learning and innovation.

With a focus on education and family, Springfield offers twelve schools and nineteen kindergartens. The university campus further cements the suburb’s commitment to nurturing the next generation of Australians.

The Springfield master plan, valued at $88 billion, has been 25% complete as of 2020

Mr Sinnathamby’s group is seeking global partners to continue building the city. With $18 billion already invested, a further $70 billion is needed to realise this master plan fully.

As Springfield continues to grow, with a projected population of 145,000, it remains a testament to Mr Sinnathamby’s philosophy of thinking big and innovating. 

Published 6-Dec-2023