Wednesday, 8 August 2012

Region. 8000 hectares needed for growth

The Emplopyment Lands Policy report from the Parramatta-based Regional Development Australia- Sydney, calls for 8000 hectares of employment land to be zoned and serviced as an “economic priority”, as well as up to five new business and technology parks for white-collar jobs in Western Sydney. Development on land that is already released is being held back by lack of pubic sector investment in infrastructure, ignorance of corridor planning and an ill-defined freight strategy and transport links, the report said. “[Western Sydney] is the third largest economy in Australia and it has been neglected. And you don’t get infrastructure unless you get growth,”said acting chairman, Roy Medich. Western Sydney, the third largest economy in Australia with a GRP of approximately $85 billion.

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Norwest. Possible sale of group

Morgan Stanely could sell one of Australia’s top 20 home builders, the Clarendon Residential Group, based at Norwest Business Park, according to The Australian Financial Review, which said that while the business has not been formally put up for sale a potential buyer is doing due diligence following an unsolicited approach.


Parramatta. 'Impressed' by groups in project

Parramatta City Council’s Design Parramatta project attracted over 80 submissions from which 19 were chosen to attend a workshop. “I was impressed by the talents of the 19 teams chosen to take part in the project [they] will create 16 concept designs for spaces throughout the city,” said Lord Mayor,Lorraine Wearne. The project is a collaborative one between council and the NSW Government Architect’s Office which is about making dull, dark or dingy places in the city into active and attractive spaces for the community.