Thursday, 13 January 2011

Epping. Opposition to $500 million project

An environmental assessment of the first stage of the Meriton Apartments $500 million development, on the old Channel 7 site, at Epping, revealed the 90,000 square-metre site would have 650 dwellings, a childcare centre, 1032 parking spaces and generate 3550 vehicle movements a day. However, Meriton has already applied to increase the number of dwellings to 800, infuriating the locals. More than 200 written submissions blasting the developer have been filed online. Parramatta City Council has serious concerns about the project. "The development fails to comply with local planning guidelines and lacks critical supporting infrastructure, such as open spaces, roads and carparking options," said Parramatta Lord Mayor, John Chedid.


Camellia. Distribution centre closed

Australian Pharmaceutical Industries, based at Camellia, has been forced to close its Bundamba Distribution Centre, in Ipswich, because of the floods in Queensland.


Region. New Zealand interest in Crane Group

The Crane Group, which has facilities, such as Austral Wright Metals, Hudson Building Supplies, and Tradelink across the region, has not ruled out a sale to the New Zealand group, Fletcher Building. Crane is understood to have had discussions with other potential buyers keen on its core assets, which include Iplex Pipelines and its Tradelink distribution business. Crane is fighting off a $740 million hostile battle from Fletcher and has urged shareholders to reject the offer.