Wednesday, 17 October 2012

Penrith. $219.2 million project

The Department of Planning and Infrastructure has on exhibition a concept plan for the construction of a six-stage mixed-use development comprising residential, retail and associated uses, on the former Panasonic suite, at 164 Station Street, Penrith. The plan seeks approval for: approximately 570 residential flat dwellings, private and communal open space, parking and public domain works; and ancillary non-residential uses including: neighbourhood shops and food and drink premises within the ground floor of the residential buildings, up to a maximum of 995 square metres; and a tavern with gross floor area of 1800 square metres, ancillary car parking and associated site works. Total site area of 7.855 hectares. The capital investment value of the development proposed is $219.2 million.

Penrith. New Masters store

Parkview Penrith Pty Ltd propose to develop a 13,603-square-metre Masters Home Improvement store, Nepean Green, as part of a joint concept plan and stage 1 project on the former Panasonic site at 164 Station Street, Penrith. The store is expected to generate $35 turnover in its first year of trading.

Eastern Creek. Site for sale

The Lighthouse Business Centre, at Eastern Creek, is for sale by private treaty. The 33.19-hectare industrial site, adjoining the M4 and M7 motorways, is available for immediate development.