Regional Roundup November 2013
Entertainment precinct
PROSPECT is set to become an entertainment hub with the arrival of Amalgamated Holdings Group’s 122-room Atura Hotel, the revamped Blacktown Drive-in, the Wet’n’Wild theme park joining the established The Royal Cricketers Hotel.
Entry in US market
AFTER seven years and $4 million in R&D, Global Orthopaedic Technology, at Bella Vista, has won entry into the US markets for its Paragon innovative hip replacement following approval by the American Federal Food and Drug Administration – but yet to be approved in Australia. The company, with 60 staff, has manufacturing facilities at Bella Vista and Seven Hills.
Nepean Belle sold
JOHN and Helen Wakeling, owners of the Nepean Belle paddleboat, which has been cruising the Nepean River for 31 years, have sold the business to Carol and Chris Bennett, who live in the Lower Blue Mountains. A DA has been lodged to create a floating cruise terminal and paddle boats.
Vermeer leases space
VERMEER Australia has leased an office warehouse of 2827 square metres, at 1 Tyrone Place, Erskine Park, from Bootes Management for a 5 year term at a net rent of $100 per square metre.
Plan repealed
PENRITH City Council has repealed the Erskine Business Park Development Contributions Plan 2008 as facilities required to be funded by the plan have been delivered.
Courthouse closed
THE Penrith Courthouse will be closed for six months from year-end for a $4.2 million revamp. Cases will be held in Parramatta and Campbelltown.
$29 million for roads
COUNCIL has allocated $29 million to upgrade, repair and maintain its road network in the 2013/2014 financial year beginning with major road reconstruction and upgrade works to 14 roads in Liverpool over the next few months.
New services firm
PETER Ristevski has sold a 25 per cent stake in his $900,000 a year, Mack Partners accountancy firm to aggregator, Chan & Naylor, and will trade as C&N Liverpool. Deloitte matched C&N’s price but wanted 100 per cent control.
Sold for $1.6 million
PRIVATETRUST Schlederer Nominees has sold a 289-square-metre commercial building, opposite the Chester Square Shopping Centre, to a private Asian investor, for $1.6 million
Start-Up award
LUXURY Furniture, at Punchbowl, has been awarded the Product Business of the Year, at the 2013 Australian Start-Up Awards.
Ahead of schedule
NSW Minister for Transport Gladys Berejiklian 11.4-kilometre South West Rail Link was one year ahead of schedule and more than $100 million under budget. It it is due to open in 2015.
Deputy GM sacked
MATT Daniel, Liverpool City Council deputy general manager, has been sacked for reportedly failing to declare he was an undischarged bankrupt.
Re-elected president
ANNE Parnham has been re-elected as president, of the Campbelltown Chamber of Commerce.
Dyldam’s $8.1 million deal
PARRAMATTA-based developer, Dyldam, has bought a 7000-square-metre warehouse and three-level office facility, in Silverwater, for $8.1 million from kitchen and home appliance retailer, Winning Appliances, which will lease the property until March 2004.
MP’s new position
FEDERAL Parramatta MP Julie Owens has been appointed Labor’s parliamentary secretary for small business and education spokeswoman.
Logistics firm leases DP
Logistics has leased a 5382-square-metre warehouse, in Grand Avenue, Rosehill, from the GPT Group for a 5 year term at a rent of $115 per square metre.
Office building for sale
93 GEORGE Street, a 7-storey office building in the corporate sector of the Parramatta CBD, is on the market. The Department of Aging, Disability and Homecare occupies approximately 8 1per cent of the 7127-square-metre building, which a s a current income is $2.7 million per annum approximately.
Energy plant for council
PARRAMATTA City Council is seeking proposal for the delivery of a central energy plant to serve six development sites and public domain at its Parramatta square project .
Agreement with Beirut
PARRAMATTA City Council has resolved to establish a goodwill agreement with Beirut, in Labanon, to be based upon economic opportunity and to the benefit the communities of both cities, Portal tender awarded ABERGELDIE Contractors Pty Ltd has won the tender for the construction of the Lennox Bridge portals and associated works, in Church Street, Parramatta, with a tender of $4.9 million, excluding GST.
How Gen X is driving an acreage property boom across Australia
By John Lindeman
EVERY generation of Australians has left its individual and indelible imprint on the housing market, but it is the current generation of Baby Boomers and their children who are about to make the biggest impacts ever on the demand for acreage properties. John Lindeman, Chief Property Consultant at Property Power Partners explains why and where this is likely to happen.
NSW Bushfires: Pilot dies, Princess laments as blazes continue
By Anthony Stavrinos
THE pilot killed while assisting fire fighting efforts on the NSW South Coast has been identified by the Rural Fire Service as David Black.