$42 Million renovation
THE 50-year-old Penrith Courthouse will be closed for six months for a $4.2 million overhaul. Court cases will be held at Campbelltown and Parramatta
Repeal of fund
PENRITH City Council proposes to repeal the Erskine Business Park Development Contribution Plan 2008 as the facilities required to be funded by the plan have been delivered.
Aldi proposes expansion
GERMAN discount supermarket chain, ALDI, one of Australia’s fastest growing retailers, proposes a $58 million plus expansion of its head office and distribution centre atMinchinbury.
Todd wins mentor award
MICHAEL Todd, the marketing and business manager, of the Penrith Valley Business Enterprise centre, received the award for Best Business Enterprise Centre Mentor in Australia, at the recent Small Business Development Conference in Sydney.
Site on the market for $40m
A PRIVATE company connected to the Arbib family of London is looking to sell a $40 million prime industrial site at the foot of the Light Horse interchange, at Eastern Creek The site is occupied by a government quarantine station; the lease expires in December 2015.Property sold for $3 million
Private deal
AN owner-occupier has bought a 2203-square-metre industrial property, at 16 Healey Circuit, Huntingwood, for $3 million in a private deal.
Green’s property sold
AUSTRALIAN Industrial REIT has bought the property of Green’s General Foods, in Glendenning, for $29.5 million, Green’s will lease it for an initial 15 years.
Sold for $27.5 million
An undisclosed private investor has purchased 1-11 Smeaton Grange Road, Smeaton Grange, for $27.5m. The 27,330-square-metre industrial complex has been purchased on a yield reflecting 10.8 per cent.
Proposal moving ahead
QUBE MD, Maurice James expects planning approvals for its intermodal facility, at Moorebank, to be through in the first quarter of 2014. The potential to build a joint freight hub with the federal government appeared to be making good progress.
Powersweep leases space
POWERSWEEP Pty Ltd has leased 1100 square metres of space at 1 Reaghs Farm Road, Minto. The industrial property has been leased or a 3 year term at a net rent of $67 per square metre.
Plaza sold for $80 million
LASALLE Investment Management has paid the Makris Group $80 million for its Bonnyrigg Plaza sub-regional shopping centre. The centre built in 1986nand anchored by Woolworths and Big W stores, has approval for a $100 million extension.
Hotel wins award
THE Camden Valley Inn, at Camden Park, won the Outstanding Community service award, at the Australian Hotel Association NSW 2013 awards
Complex bought for $65m
AVIVA Investors has purchased a warehouse and logistics complex, at 52-88 Lisbon Road, Fairfield, for $65 million The 60,000-square-metre industrial complex has been purchased on a yield reflecting 9 per cent.
Bulky good centre sold
BWP Trust has finalised the purchase of Hoxton Park Central, at 2 Lyn Parade, Hoxton Park, for $40.7 million. The 23,753-square-metre bulky goods centre has been purchased fully tenanted.
Seventy submissions
AN architecture design competition for two new landmark commercial towers, of 200 metres and 220 metres, at Parramatta Square has attracted more than 70 submissions from leading architecture practices in Australia and from 17 countries.
Park Thales signs alliance
THALES Australia, headquarted in Sydney Olympic Park, and the Defence Science and Technology Organisation (DSTO) have signed a strategic alliance to collaborate on a number of research programs aimed at strengthening Defence capability.
Professor advises council
PARRAMATTA City Council has engaged Professor Edward Blakely, through the United States Study Centre, University of Sydney, as senior advisor to Lord Mayor. John Chedid and council, to include advice and mentoring on management and administration matters
Macquarie Park/ Building sold for $72 million
STOCKLAND has sold an eight-storey building opposite the Macquarie Park railway station for $72 million.
$1 million upgrade
HEALTH Minister Jillian Skinner said $1 million had been allocated for a study on the planned refurbishment of Westmead Hospital, involving clinicians, patients and the community Parramatta.
Two residential towers
KRIKIS Tayler Architects has lodged a DA for the demolition and construction of a mixed use development, at 2-6 River road West, Parramatta. The project includes two 11-storey buildings and one 12-storey building containing a total of 287 units. The estimated cost of work is $82.5 million
Rode invests $7 million
RODE Microphones, in Silverwater, has invested $7 million in expanding its factory as part of a plan to enter the booming mobile phone and medical device market.
