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WSBA January 2016 Edition

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REGIONAL ROUND-UP<br />

NORTH WEST<br />

Bought for $1.9m<br />

THE Verrell Unit Trust has bought a<br />

1369-square-metre industrial site, at 11 Verrell<br />

Street, Wetherill Park, for $1.9 million from a<br />

vendor.<br />

Vendor sells site<br />

A VENDOR has sold a1712-square-metre industrial<br />

property, at 26 Penny Place. Arndell Park,<br />

for $2.7 million, from an undisclosed vendor<br />

Eastern Creek expansion<br />

DB Schenker’s total occupancy in Frasers<br />

Property Australia’s Eastern Creek Business Park,<br />

has increased to 40,000 square metres by adding<br />

a 4.8-hectare site, comprising a 24,250-squaremetre<br />

warehouse and a 250-square-metre office.<br />

Green’s short-listed<br />

GREEN’S Food Holdings, based at Glendenning,<br />

with revenues growing at almost $40 per<br />

cent this year, has been short-listed a a finalist for<br />

the 2015 Australian Growth Company Awards.<br />

Sold for $18.65 million<br />

MELBOURNE-based funds manager, Peak<br />

Equities, has sold a 3177-square-metre building,<br />

at16-18 Bridge Street, Epping, for $18.65 million,<br />

to a not-for-profit aged care provider. Peak<br />

purchased the building for $14.2 million from<br />

Centuria in 2012.<br />

Quest Bella Vista<br />

QUEST Serviced Apartments, which is seeking<br />

new franchises to keep up with rapid demand,<br />

plans to open Quest Bella Vista in the next 12<br />

months.<br />

SOUTH WEST<br />

Largest yum cha<br />

THE new $80 million food, retail, office<br />

INNOVATION<br />

Open the doors to a smarter business<br />

SPECIAL EVENT: PG 9<br />

and entertainment complex Little Saigon<br />

Plaza, in Chapel Road, Bankstown, which is<br />

said to include the largest yum cha restaurant<br />

in Sydney seating 500 people. Fam International<br />

are the developers.<br />

Library wins award<br />

BANKSTOWN Library and Knowledge<br />

Centre won the top interior architecture award<br />

in the 2015 Australian Institute of Architects’<br />

National Architecture Awards. Francis Jones<br />

Morehen Thorp was the winning firm.<br />

2500 New homes<br />

PLANS for 2500 new homes to be built<br />

near Leppington station have been unveiled<br />

by the NSW government. It is the first stage<br />

in a rezoning process that will eventually see<br />

about 9,000 homes built in the suburb<br />

Professor wins gold<br />

PROFESSOR Michael Barton, research<br />

director, of the Ingham Institute, in Liverpool,<br />

has been awarded a gold medal for his work in<br />

improving radiotherapy services and treatment<br />

for cancer patients, the by Royal Australian<br />

and New Zealand College of Radiologists.<br />

Plaza sold for $90 million<br />

THE Charter Hall Group has finalised a<br />

deal to buy the 19,600-square-metre Bass Hill<br />

Plaza from the Singapore-based the private<br />

company, Memo Corporation, for just over<br />

$90 million. The shopping centre, which is<br />

anchored by Woolworths and Kmart outlets<br />

and includes 53 specialty stores, also offers<br />

another 46,600 square metres of additional<br />

residential and retail development.<br />

Planning law changes<br />

LIVERPOOL City Council’s new planning<br />

laws, approved by the NSW government,<br />

will see more than 242,000 square<br />

metres of the city centre converted from<br />

commercial to mixed use space<br />

High school sale<br />

THE sale of the 140-hectare Hurlstone<br />

Agriculture High School site is expected<br />

to net the NSW government $170 million.<br />

The site will become the Glenfield High<br />

School with up to 110m000 new dwellings<br />

built on the former agricultural land<br />

surrounding it. The Hurlstone Agriculture<br />

High School will relocate to the Western<br />

Sydney University Hawkesbury campus<br />

from 2020.<br />

Plaza sold for $90 million<br />

BASS Hill Plaza has been sold by<br />

investment company Memocorp Australia<br />

for more than $90 million by Charter Hall<br />

Group, which acquired the Hume Highway<br />

centre after Memocorp Australia had owned<br />

the complex for the past 25 years. The<br />

two-level shopping centre includes Kmart,<br />

Woolworths, Aldi and 53 specialty stores.<br />

CENTRAL WEST<br />

$100,000 for study<br />

PARRAMATTA City Council has approved<br />

$100,000 for a business case study<br />

to examine whether to refurbish the existing<br />

Riverside Theatres or build a new facility.<br />

WWW.WSBA.COM.AU<br />

Bentley Safes leases<br />

BENTLEY Safes has leased a<br />

965-square-metre site, at unit 48, Slough<br />

Business Park, Silverwater, from a private<br />

investor, for three years, at $125 a square<br />

metre net<br />

Uni and Optus deal<br />

MACQUARIE University and Optus<br />

have partnered to offer a cadetship program<br />

to engineering students, launched earlier<br />

this year. The cadetship program is offered<br />

to students who major in telecommunications<br />

engineering. Successful students will<br />

be paid to study through their degree and<br />

will accrue work experience with Optus in<br />

their semester breaks.<br />

EOI in Mercure<br />

EXPRESSIONS of interest in the<br />

165-room Mercure Hotel, at Rosehill, have<br />

closed. The 4997-square-metre site has<br />

“mixed-use/residential”.<br />

Start this year<br />

PARRAMATTA City Council expects<br />

construction work on the 41-storey, $260<br />

million residential Riverside Tower, on the<br />

site of the Lennox Bridge carpark, behind<br />

the restaurant precinct in Church Street, to<br />

start next year. Council and Lidis are coventurers<br />

in the project.<br />

DA for carpark<br />

THE NSW Department of Planning &<br />

Environment is considering submissions to<br />

the exhibition of a development application<br />

by the Health Administration Corporation<br />

for an eight-storey carpark, at Westmead<br />

Hospital.<br />

Lester buys property<br />

THE Perth-based Lester Group<br />

paid $14.56 million for a four-level,<br />

3887-square-metre commercial office<br />

property, at 12 Waterloo Road, in Macquarie<br />

Park.<br />

Can you afford<br />

not to be a member?<br />

• Get involved<br />

• Get connected<br />

• Get heard<br />

• Get informed<br />

• Get trained<br />

mobile: 0417 046 665<br />

website: www.merrylandschamber.com.au<br />

email: merrylandscbd@live.com.au<br />

www.liverpoolchamber.org.au<br />

MERRY CHRISTMAS<br />

AND A HAPPY NEW YEAR<br />

The Liverpool Chamber of Commerce and<br />

Industry wishes all our Members<br />

a wonderful Christmas and a prosperous<br />

New Year.<br />

We look forward to seeing you at one of<br />

our events soon.<br />

Check for latest updates<br />

www.liverpoolchamber.org.au<br />

or phone Karress: 0408 679 045<br />

12 WESTERN SYDNEY BUSINESS ACCESS JANUARY 2016

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