Penrith. Viability of projects

A change in state government policy to pre-commit to office leases before construction commence will inject new demand and significantly increase the commercial viability of development opportunities in the Penrith CBD, said Paul Brennan, chairman of the Penrith Business Alliance. “We can now proceed with certainty and confidence in an environment where developers will be able to secure finance to commence construction that will create new building for Government Departments in Regional Cities like Penrith,” he said.