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.
Featured
SOCIAL MEDIA AND BUSINESS
Why collaboration is in its infancy
SOCIAL media has become a ubiquitous part of modern life, and in a trend dubbed Enterprise 2.0, the world of business has embraced it as well.
Featured
SALUTING OUR CHAMPIONS
Celebrate The West honours achievement
COMMUNITY spirit, looking after each other and gratitude were the sentiments of the day at the annual Celebrate the West luncheon held recently.
Featured
PEOPLE MANAGEMENT
How the 80/20 rule applies to stress
By Dr John Hinwood
YOU are experiencing a beautiful day, everything is flowing, the people you are connecting with are a joy to be with, the birds are chirping, it’s warm, a gentle breeze is blowing, you’re not feeling stressed in any way.
Featured
GWS REGIONAL ROUND TABLE
Aged Care and Retirement Living 2
WELCOME to the Greater Western Sydney Regional Roundtable (GWSRR). The GWSRR is collaboration between Western Sydney Business access and Adjunct Professor Jim Taggart OAM. GWSRRs involve assembling people of influence to discuss issues that impact upon the Greater Western Sydney region. The subject for the March GWSRR was Aged Ccre and Retirement Living Part 2. This GWSRR is proudly sponsored by PwC. Guests included: Adjunct Professor Dr Jim Taggart OAM – GWSRR Chairman., Michael Walls – WSBA publisher and editor, David Hegarty – Partner Price Waterhouse Coopers, Associate Professor Amanda Johnson, UWS, Sue Smith – Group Manager SummitCare (Australia), Marta Aquino - CEO, Residential Gardens, Elly Beck - Business Manager, Realise Performance, Rod Young - Horsley Services, Carlos Oyarce - ANZ Corporate Banking and, Peter Garrett – Partner, HWL Ebsworth Lawyers.
REGIONAL ROUND-UP APRIL 2014
Objections to Bunnings
BUNNINGS, which has applied to build a $5 million store with an outdoor nursery on vacant land in Megalong Street, in Katoomba, is meeting resistance from local small businesses and environmental groups arguing it will kill off family traders and potentially damage the Leura Creek water catchment
320 jobs created
MORE than 320 jobs will be created when the second largest IKEA store in NSW opens at Sydney Business Park, in Marsden Park. The 28,500-square-metre store will sit alongside Bunnings, Masters, Costco, McDonalds and Shell and will front Richmond Road, just off the M7. It is scheduled to open in June, 2015.
100-plus jobs created
MORE than 100 jobs have been created at the Linfox Australia Arnott’s Foods new warehouse in Huntingwood, 200 metres from the Arnott’s factory. The jobs are in warehousing, distribution services, and administrative support and equipment operations
Mayor wins award
HILLS mayor, Dr Michelle Byrne, has been named a winner of the Minister’s Awards for Women in Local Government. She won the Elected Representative from a Metropolitan Council category.
Waste not transferred
THE NSW government has announced it will not transfer any restricted solid waste from a site in Hunters Hill to Kemps Creek while it pursues an alternative with the federal government, which is looking at establishing a National Radioactive Waste Management Facility in the Northern Territory; a site which may be a suitable disposal option for the waste at Hunters Hill
Public servants to relocate
THE NSW government proposes to relocate the Community Relations Commission and divisions within Family and Community Services, from Sydney’s CBD and Ashfield to Liverpool, from 2015;
Ingham to split assets
LIVERPOOL-based Ingham Enterprises will split its $600 million worth of real estate assets, in Australia and New Zealand, into two separate portfolios, in a sale and leaseback campaign.
City offers degree course
TAFE NSW South Western Sydney Institute’s (SWSi) Liverpool College has partnered with the University of Canberra to offer a university degree in information technology from this year.
$2 million renovation
THE Bankstown Sports Club is reported to be spending $2 million on renovations to create an Asian dining precinct to rival its existing Italian precinct, La Piazza.
Company leases space
INTERNATIONAL Formwork has leased a 1189-square-metre warehouse, at Roberts Road, Chullora, at an annual rental of $100 a square metre for three years...
Government offices relocate
THE NSW government proposes, from 2015 to move the Office of Environment and Heritage, EPA and Office of State Revenue, from Hurstville, the Sydney CBD and existing Parramatta offices to be co-located in Parramatta, and the Ambulance Service of NSW, will move from Rozelle to North Parramatta;.
Police HQ for sale
THE building accommodating the headquarters of the NSW Police Force, at 1 Charles Street, is for sale by expressions of interest, which close on March 27. The lease expires in May 2024, with a further five-year option. The building was constructed in 2003
Display suite and sales office
THE Lidis Group has approval to use premises at 333 and 339 Church Street, in the Parramatta CBD, for a display suite and sales office, for a 400-apartment tower and mixed-use redevelopment of the Lennox car park site, at the rear of the premises.
CCIA campaign
A NEW digital campaign by Destination NSW and the Caravan and Camping Industry Association of NSW (CCIA), based at Rosehill Gardens Racecourse, will run until mid-year; the campaign includes 30 new pages dedicated to caravan and camping venues.
Firm wins award
COLEMAN Greig Lawyers, in Parramatta, has won the “Best provider to the professional services sector” in the Beaton Research + Consulting/BRW Client Choice Awards.
Swimming in the river
PARRAMATTA City Council expects to distribute, mid-year, a brief to potential consultants regarding the feasibility of bringing swimming back to the Parramatta River
Document’s promotion delayed
THE promotion of a prospectus, Parramatta: Investing in Western Sydney, aimed at attracting new businesses to Parramatta has been delayed because of resignations in Parramatta City Council’s economic development team.
To guarantee or not to guarantee
By Kevin Cotter, Manager
Condon Associates
OVER the years I have seen many issues faced by people who sign guarantees for someone else’s debts.
