Thursday, 31 January 2008

Dairy Farmers is for sale

The 108-year-old co-operative, Dairy Farmers, headquartered at Sydney Olympic Park, is expected to fetch between $650 and $800 million when it is put up for sale in mid-February. Four probable purchasers are National Foods, Goodman Fielder, Fontana, in New Zealand, and Murray Goulburn. Several overseas buyers are interested.

Dairy Farmers, was founded on January 15, 1900, with its suppliers mainly in the Illawarra area. Today 2300 farmer shareholders own it. The company has depots at Lidcombe and Wetherill Park and elsewhere in NSW, with branches in SA, Vic, ACT and Qld.

'Everyone benefits from the ferry'

The momentum for the retention of the RiverCat ferry to Parramatta is building up following a recommendation to the NSW Government late last year that the service cease. Lord Mayor Paul Barber made sure the Minister for Transport, John Watkins, was aware of the clamour for its retention when he represent Premier Iemma, at the function, at Old Government House, on Australia. Day.

David Moore, manager, of the Port Bar Restaurant, at the Charles Street ferry wharf, said: “The government can’t take the ferry away. It’s the best form of transport between Sydney and Parramatta. I believe everyone benefits from the ferry”. He said three pages of signatures had been collected for the retention of the service.


CBD vacant site bought for $22 million

The Transport Infrastructure Development Corporation has sold a 2579-square-metre vacant site, in Argyle Street, opposite the bus-rail interchange and adjacent to Westfield, for $22 million to contractor and developer, St Helliers, which plans to develop an 18,500-square-metre, A-grade office building with an end value of $100 million.

The sale includes a hotel licence, gaming permits and entitlements and poker machines of a former hotel, which had been on the property. The licence and the permits will be sold