REGIONAL ROUND-UP MAY 2014
Facility bought for $5.8m
FATIDIN has bought a factory and warehouse facility, in Kings Crescent, Glendenning for $5.8 million, from Mesh & Bar.
$24 million car park
HEALTH Minister Jillian Skinner said new $24 million, 622-space car park, at Blacktown Hospital, was a key component of the $324 million expansion of Blacktown/Mount Druitt Hospital, the state’s largest hospital construction project.
Hundreds compete
THE Sydney International Rowing Regatta attracted nearly 200 competitors from 21 countries to the week-long event, at the Sydney International Regatta Centre. The 2013 event poured some $7 million into the local economy.
Panel considering DA
THE Sydney West Joint Planning Panel is considering the DA for the $14, 2 million, staged development of Cranebrook Shopping Centre, at 52-54 Laycock Street, Cranebrook.
Packages sold in hours
URBA Growth NSW sold 31 house and land packages in its Thornton release within hours, with an average price of $524,700.
Purchase of sites
THE NSW government aims to help boost jobs and investment in Western Sydney through the sale of 13.5 hectares of vacant land in the Caddens Release Area. The land comprises two sites, a vacant State Records site and adjoining land owned by Urban Growth NSW.
Facility bought for $13.8m
BOUTIQUE fund manager, Quintessential Equity has acquired a 9928-square-metre warehouse and single storey office, at Inglis Road, in Ingleburn, for $13.8 million from AMP Capital, acting on behalf of UniSuper. The site has more than 44,000 square metres of surplus space.
Victa faces competition
VICTA, Australia’s lawn mower market leader is facing competition from cheaper brands sold in hardware stores and householders installing artificial grass. Victa, owned by Briggs & Stratton Australia, assembles around 200,000 mowers in Moorebank
Development plan
CAMPBELTOWN Council is developing a plan to provide 3000 new dwellings in the Ingleburn centre for 6000 new residents with a push for higher density housing around the town centre, including increasing building limits from four to eight storeys. The plan also accommodates 25,000square metres of new retail and commercial floor space.
Grace records expansion
GRACE Records Management’s Blair Athol expansion includes a new warehouse the size of three football fields, in Hepher Rd near Grace’s current operations. The warehouse will house an additional 1.5 million records and files, increasing the company’s storage capacity by 100 per cent. The first sod will be turned on the 17,000-square-metre site in November.
DA for warehouse
PITKIN Transport Services seeks development consent including construction of a 3113-square-metre warehouse and distribution centre with office administration, on an undeveloped site, in Illaroo Road, Prestons
Hold on Epping’s future
PARRAMATTA Lord Mayor, John Chedid, said there was little point having a poll on whether Epping should be under the jurisdiction of one council rather than two, Parramatta or Hornsby. Clr said the issue should wait until the state government’s current review of local government in NSW was finished.
Sold for $41.1 million
HATCH Pty Ltd has sold a 3547-square-metre property, at 154 Silverwater Road, to a private investor, for $4.1 million.
Industrial team boost
TODY Anderson has joined Savills’ Parramatta office, expanding its industrial team. He was previously with Jones Lang LaSalle.
40 per cent A grade
PARRAMATTA CBD had 685,878 square metres of office stock at December 2013. Approximately 40 per cent of the stock was A Grade, with B, C and D Grade space comprising approximately 60 per cent of the market, according to a Savills report.
$28.75 million for building
MARSHALL Property has acquired a 7127-square-metre office building at 93 George Street, Parramatta for $28.75 million from Quintessential Equity. The NSW government has signed a new 5-year lease in the property, providing a net income of $2.7 million. The property previously sold in December 2009 for $18.5 million.
$2 million for park
NSW Environment Minister, Robyn Parker, said $2 million funding would be spent on construction of a hard staging area giving The Crescent, in Parramatta Park, the necessary infrastructure to host large outdoor events.
FALLING ON THEIR SWORDS
ICAC brings into focus politcian's difficulties
By Geoff Lee
Member for Parramatta
BARRY O’Farrell’s shock resignation as Premier over his evidence at the ICAC about receipt of a bottle of wine in 2011 brings into sharp-focus the difficulties that politicians face.
Best and brightest youth to shape a vision for Parramatta
MORE than 100 of Western Sydney’s best and brightest young people will help shape a vision for Parramatta’s future at the inaugural Parramatta Young Leaders Forum at the University of Western Sydney (UWS) on Friday 23 May.
