Castle Hill. Launch of Manufacturing Week

The major event of Western Sydney Manufacturing Week 2009 will be the Western Sydney Manufacturing’s Forum, to be held Castle Hill, on May 18, and hosted by the Greater Western Sydney Economic Development Board. The topic will be survival strategies manufacturing companies can use to grow and thrive during the current economic downturn. The event, which runs from May 18-22 throughout the region, includes workshop seminars and site visits.

Parramatta. 22 Hunter Street sells for $2.21m

More than 80 enquiries, made predominantly by local investors, were made on a small, three-storey office building, at 22 Hunter Street, in the Parramatta CBD, before an undisclosed local businessman paid $2.21 million at auction for the property, which was in receivership. The property, which has 998 square metres of office space, sold above the reserve price on a gross yield of 9.3 per cent, based on the passing gross annual rental of $205,695, according to The Australian Financial Review. CBRE sold the property.

North Ryde. Communicating in a bubble

New research from Macquarie University may hold the key to more cost-effective, energy-efficient, durable and easy-to-use fibre optics in mobile phones for example. Specialist have been developing a new prototype which is made from a “bubbly” polymer fibre, a less expensive process than the traditional method, said Quest, the university’s research publication.

Bankstown. Aerospace firms collaborate

Thirty representatives of firms in the aerospace industry have taken the first step to collaborate in tendering for major projects, which are being lost interstate because the NSW industry is fragmented. The Greater Western Sydney Economic Development Board held a seminar at Bankstown City Council Chambers with the aim of bringing the industry together and identifying firms’ capabilities. Greater Western Sydney is home to a large range of innovative, specialist and high-tech aerospace and defence companies servicing the domestic and overseas markets. NSW accounts for over half the Australian aircraft manufacturing industry’s sales and service income. The state’s two-way trade in aerospace products topped $1.3 billion in 2006–07.

Kemps Creek. $50 million site opened

The Minister for the Environment, Carmel Tebutt, has opened a $50 million state-of-the-art waste treatment plant, at Kemps Ctreek. The facility will have the capacity to process 134,000 tonnes of rubbish annually.

Campbelltown. Bunnings site for sale

A property with a GLAR of approximately 13,349 square metres and leased as a Bunnings Warehouse, for 12 years, on the corner of Kellicar Road and Gilchrist Drive, Campbelltown, is on the market It is surrounded by commercial, residential and retail in the form of Macarthur Square Shopping Centre. The zoning allows for future retail and mixed use up to 10 storeys. Net income is approximately $1.6 million annually.

Penrith. Property sold for $1.71 million

A warehouse, showroom and office located at 39-45 Henry Street, Penrith, has been sold to an undisclosed investor for $1.71 million. The property, consisting of a site area 3281 square metres and was formerly an automotive dealership with a 65-metre frontage, has development potential. It is zoned B(4) mixed use with a 24-metre height limit. The property is 500 metres east of Penrith station and Westfield Penrith. The property was sold Brian McInally from CB Richard Ellis and Dave Reardon from LJ Hooker Commercial, according to Australian Property News.