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STANDING NORTH, LOOKING WEST
Room for two cities, says President
WHILE the NSW Business Chamber is based in North Sydney, its new president realises the focus of the future is quite a bit west of the harbour business district.
CBD CAR PARK OPTIONS
PARRAMATTA City Council will investigate development options for its Fennell Street Car Park, in the CBD. The site currently comprises 121 at-grade public car spaces which are expected to generate an average income of $153,388 per annum over the next five years.
PARRAMATTA PCYC SOLD
THE Police Citizens Youth Club has sold its rezoned Parramatta club at 12 Hassall Street, in the Parramatta CBD, for $31 million, to Concord-based residential developer Toplace. The club has occupied a prime location in the core of Parramatta's city for more than 50 years
VIUADUX LEASES WAREHOUSE
WATER and environmental solutions supplier, Viadux, has leased a 3573-square-metre warehouse and office building, at 19-21 Frank Street, Wetherill Park, at a net annual rent of $340,000 from a private investor, for five years, with options. Viadux is relocating from Yennora because its premises is being redeveloped.
INNOVATION AT HUNTINGWOOD
ARNOTTS’ $3 million innovation centre at Huntingwood accommodates 140 staff including food technicians, scientists and chefs ready to create products for brands Arnott’s, Campbell’s Soup and V8 juice. The innovation centre is part of a $22.4 million upgrade of facilities at Arnott’s Huntingwood Bakery.
PUSH FOR RESEARCH INSTITUTE
A NEWLY-established foundation will push for a $60 million medical research institute for Nepean Hospital, following revelations top specialists won’t come to the area because it offers no research facilities. Nepean is the only teaching hospital in Sydney that doesn’t have a research facility attached to it.
PROPERTY LEASED FOR $5M
PRIVATE investors paid over $5 million for a 3100-square-metre industrial facility, at 10 Peter Brock Drive, Eastern Creek. The property is leased to PPG Industries Australia to 2023 at an annual rent of $302,848.
