Penrith. Gerry Harvey spends $61 million

Retailer Gerry Harvey has spent $61 million to buy 900 car spots as part of a feud with a rival retailer. The feud relates to the Penrith Supa Centa and its plans to build an extension over a parking lot used by Harvey Norman customers. Mr Harvey bought the property when the developer of the project, Pipven, went into receivership. "It cost $61 million to buy the property. It was a very expensive way to get rid of the problem, but now it has disappeared," Mr Harvey said.

Penrith. Receivers for shopping centre

David Winterbottom, of KordaMentha, has been appointed receiver to Pipven Pty Ltd, owner of the Penrith at Home retail centre (formerly SupaCenta Penrith), which has Spotlight, Bing Lee, Freedom Furniture and JB Hi-Fi as tenants. He intends to continue operating the centre on a business as usual basis. Earlier council approved an expansion, which Harvey Norman opposes because it would take up much of the parking area outside the store on the adjacent site, affect business and create traffic jams. Mr Winterbottom has appointed CB Richard Ellis to manage the centre and to steer the leasing process, according to The Australian Financial Review.