Friday, 14 September 2012

Fairfield. Objection to business park

Fairfield City Council has lodged with the Department of Panning and Infrastructure an objection to the proposed Horsley Drive Business Park, which reads, in part: “[Council] does not support the establishment of any stand alone commercial (offices, retail) uses in the business park aimed at servicing the surrounding residential areas and/or industrial workforce. Any proposed offices should be associated with an industrial headquarters or be ancillary to industrial development within the business park.” Council said it objected to the establishment of general office and retail uses because it had the potential to undermine the viability of the existing town centres in the city.


Psnrith. Development manager wanted

Penrith City Council is seeking a property development manager to identify opportunities for council’s property assets, advising on the future of the Penrith and St Marys CBDs as well as other council properties. The successful application will work with the Penrith Business Alliance and others to “deliver catalyst business projects".


North Ryde. Stockland disposes of assets

Stockland, which has advanced plans to dispose of nearly $1 billion of commercial property assets, has called for submissions from agents to advise on options for the $400 million Optus Centre, in Macquarie Park, according to The Australian Financial Review. On the industrial side, Stockland is to bring an 11-strong portfolio to market but will keep its Yennora Distribution Centre, which it plans to lease.