Penrith. Loss turns into profit

Strict financial management and a packed schedule of crowd-pulling programs has seen Penrith’s premier cultural venue post its first profit in its three-year history, according to the Penrith Press. The paper has learned the Penrith Performing and Visual Arts, which comprises the Joan Sutherland Performing Arts Centre, the Q Theatre, Penrith Regional Gallery and the Conservatorium of Music, posted a profit of more than $100,000 in the last financial year; a turnaround from the $192,000 loss recorded in the previous year.

Penrith. New govt office in the CBD

The newly created Office of the Hawkesbury/Nepean River is expected to move into the NSW Government’s new $46 million, seven-storey office building in Penrith, in March, to coordinate a range of government programs to improve the health of the river system. The office will report directly to the director general, of the Department of Water and Energy and the Minister for Water. The Office of Fair Trading, the Department of Community Services and the Sydney Catchment Authority have moved from elsewhere in Penrith to the new building. The building accommodates 450 employees.

AMP Capital sells property at Penrith

AMP Capital Investors has sold the 8596-square-metre Henry Lawson Centre, in Henry Street, off market for $16.49 million, on a yield of 7.78 per cent. The site, with a land area of 16,160 square metres and space for 190 vehicles, opposite Penrith Court House, will be the biggest privately owned retail investment in the Penrith CBD, according to The Australian Financial Review.