Thursday, 1 December 2011

Smithfield. German count visits

Count Anton Wolfgang Graf von Faber-Castell, CEO, of the German-based office and art supplies company, visited Australia recently to celebrate the firm’s 250th year. The firm has its Australian head office in Smithfield.


Parramatta. 25-storey tower

Crown International Holdings Group has received DA approval for a 25-storey mixed-use, residential, commercial and ground floor retail precinct, at 45 Macquarie Street, in the Parramatta CBD. The approval was for the development of 370 apartments, 3000 square metres of commercial floor space, 1500 square metres of ground floor retail space all within a 25-storey building. Apartments are expected to sell from around $400,000 for a one-bedroom apartment with car space while three-bedroom penthouses expected to sell from over $1 million. Construction is expected in early 2012. Estimated end value: $300 million. Crown Group acquired the site in July 2009 from Becton Property Group for $15 million.


Camellia. Closure of terminal

Sydney Ports Corporation’s manager of industry relations and logistics, Lachlan Benson, said the falling number, down 4.8 per cent, of containers moving by train from Port Botany was related to the closure of Patrick’s truck-to-train container terminal at Camellia.. “The closure of Camellia put a lot more trucks on the road because that volume was lost from rail to road,” he said.