Welcome to Western Sydney Business Access

 fb tw yt in 

Artist impression of the project. Artist impression of the project. Featured
02 February 2020 Posted by 

APPROVAL FOR TOGA'S PENRITH PROJECT

Exciting milestone for Penway Place 
PROPERTY group, TOGA has announced that the development application for the first stage of Penway Place has been approved.
The new residential community is set to commence first stage construction in 2020 with completion expected by mid-2022.
 
Penway Place is located on the corner of Union Place and High Street, marking the new gateway to Penrith CBD. Penway Place will offer a range of exceptional lifestyle features including a vibrant public plaza and retail precinct for residents and the community to enjoy.
 
Propelled by the proposed Western Sydney Airport and Aerotropolis and Sydney’s north-south growth arc, Penrith presents a significant opportunity for buyers looking to invest or live.
 
The area will benefit from significant government investment in infrastructure including a $1B upgrade to Nepean Hospital and an expected 42,000 to 55,000 extra jobs created by 2031*. Set to become the New West, Penrith is fast transforming into Sydney’s third CBD.
 
TOGA CEO, Fabrizio Perilli said: “We’ve reached an exciting milestone for Penway Place as we will start to see the development take shape as construction commences.
 
“Penrith presented a unique opportunity for TOGA to contribute to one of NSW’s fastest-growing cities. With over 60,000 new residents expected in Penrith by 2031, we are proud to deliver on the demand for new housing in the area and build a highly sought-after community at Penway Place.
 
Affordable area
 
“It’s an affordable area and ideal location, which is experiencing an investment in surrounding infrastructure. These combining factors will drive growth and make Penway Place an excellent opportunity for first-home buyers, downsizers and investors alike.”
 
SJB Architects and their design partner Architect Prineas were commissioned to bring to life their winning design concept for the site, which includes a new urban residential and mixed-use precinct with a bustling public plaza.
 
The first stage of the larger masterplan for Penway Place will comprise two residential towers rising above a three-storey podium, featuring ground level retail and three levels of car parking.
 
Penway Place will offer a range of engaging spaces for residents, including a private landscaped podium with BBQ and seating areas, a community garden, gym, multi-purpose / kids’ playroom and an outdoor dog park. It will also feature a mix of one, two and three-bedroom apartments, with several them enjoying views to the Nepean River and neighbouring Blue Mountains.
 
Penway Place is on the doorstep of a major Westfield shopping centre, a few minutes’ walk to the newly upgraded Penrith train station and down the road from the Penrith Panthers Leagues Club.

Construction on Penway Place is set to start in mid-late 2020, with completion estimated for early 2022.

Sales are open at Penway Place. Visit


editor

Publisher and editor, Michael Walls.
Mobile: 0407 783 413
Email: info@wsba.com.au
Mail: PO Box 186, Kurrajong NSW 2758
Office phone: 61 2 4572 2336

Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.