Abadeen and Mitsubishi Estate Asia Partner to Deliver RIVA Calderwood

Japanese real estate developer reinforces confidence in Australia's housing market with the delivery of a quality masterplanned community in the Illawarra.

Abadeen has partnered with Mitsubishi Estate Asia (MEA), a subsidiary of Mitsubishi Estate, one of Japan's largest and most respected real estate developers, to deliver RIVA Calderwood, a new masterplanned community that will bring more than 230 new homes to one of the Illawarra's fastest-growing regions.

RIVA Calderwood builds on the successful collaboration between Abadeen and MEA at the Putney Wharf Harbourfront Precinct in Sydney and represents the next step in both parties’ strategy to expand into Australia’s masterplanned community sector. The partnership reinforces continued international confidence in Australia's long-term housing fundamentals, sustained by population growth and demand for thoughtfully planned communities in established growth corridors serving the more affordable end of the living sector.

Located in Shellharbour within the broader Calderwood Urban Development Plan, RIVA Calderwood has been thoughtfully designed around the Macquarie Rivulet, creating a community where open space, parklands and the natural landscape differentiate the lifestyle offering.

RIVA Calderwood benefits from extensive frontage to the picturesque Macquarie Rivulet and expansive views to the Illawarra Escarpment, creating a rare opportunity for buyers to enjoy a peaceful outdoor lifestyle while remaining close to schools, shopping, transport and everyday convenience.

Buyers will be able to choose from a broad range of level homesites together with thoughtfully designed house and land packages, providing housing options to suit first-home buyers, growing families, downsizers and lifestyle purchasers alike.

Homesites are available from 300 square metres through to expansive lifestyle lots exceeding 2,000 square metres, giving purchasers the flexibility to design homes that suit their individual lifestyle and budget.

The initial stages of the project are already under construction, and the community will benefit from a new district park, children's playgrounds, outdoor fitness facilities, landscaped walking trails and a new bridge connection across the Macquarie Rivulet, providing convenient access to Shellharbour’s celebrated beaches, retail, dining and entertainment precincts.

Abadeen Executive Chairman Justin Brown said the partnership represented an exciting milestone for both organisations to expand into the more affordable end of the housing market and demonstrated the growing appeal of Australia's living sector to global investors.

"We're incredibly proud to be partnering with Mitsubishi Estate Asia to deliver RIVA Calderwood.

MEA has an outstanding reputation internationally and continues to demonstrate its high conviction in Australia's residential market through its investment in high-quality communities.

Their decision to partner with Abadeen reflects the strength of our relationship, the quality of the opportunity at RIVA Calderwood and a shared commitment to delivering exceptional communities that create lasting value for residents and the communities in which we invest."

Brown said RIVA Calderwood represented a different approach to community creation.

"The best communities aren't defined by the number of homes they deliver, they're defined by the quality of life they create.

At RIVA Calderwood we've started with the landscape. The Macquarie Rivulet provides the opportunity to create something unique, with parks, walking trails and open spaces carefully integrated into the masterplan. Combined with the backdrop of the Illawarra Escarpment and the convenience of Calderwood Village Centre, nearby beaches and Shellharbour Marina, we're creating a place that people will be proud to call home for generations to come."

Brown said housing choice had been a key driver of the masterplan.

"Whether you're purchasing your first block of land, building your forever family home or looking for a larger lifestyle property, RIVA Calderwood offers genuine choice.

Buyers can choose from level homesites, expansive lifestyle lots or thoughtfully designed house and land packages, providing genuine flexibility for different budgets, lifestyles and stages of life."

Brown said the project reflected Abadeen's continued expansion into masterplanned communities across Australia.

"Australia needs more housing, but it also needs quality communities. We believe the two should go hand in hand.

RIVA demonstrates what's possible when quality design, strong infrastructure, exceptional natural landscapes and long-term investment come together. We're excited to partner with Mitsubishi Estate Asia on what we believe will become one of the Illawarra's most desirable new communities, and we look forward to continuing our partnership as we pursue future opportunities together."

MEA Head of Australia, Yosuke Matsunaga, said Australia continued to present compelling long-term opportunities for residential investment.

"Abadeen's track record of delivering high-quality residential communities and our shared long-term investment philosophy made them a natural partner for this project. RIVA Calderwood represents an opportunity to deliver a thoughtfully planned community within one of New South Wales' fastest-growing regions. We are pleased to partner with Abadeen on RIVA Calderwood to deliver a community that will provide lasting value for future residents. We look forward to a strong and enduring partnership with Abadeen and exploring further opportunities to work together in the future.

Australia continues to benefit from strong population growth and sustained demand for quality housing, and MEA looks forward to continuing to actively invest and grow its business in Australia."

The first public release at RIVA Calderwood is planned for September 2026.

Project Snapshot

• Project: RIVA Calderwood

• Location: North Macquarie Road, Calderwood, NSW

• Developer: Abadeen Communities

• Investment Partner: Mitsubishi Estate Asia

• Project Size: 41.7 hectares

• Project Yield: 230 homesites

Community Features

• Approximately 230 residential homesites and lifestyle lots

• Lots ranging from 300 to 2,000sqm+

• Macquarie Rivulet frontage

• Local and district parks

• Children's playgrounds

• Outdoor fitness facilities

• Walking trails

• Landscaped open space

• New bridge connection

• House and land packages

• Land only opportunities

• Retail sales launch, September 2026