Norwest. Wyeth building on the market

The corporate office of Wyeth Australia, in Norwest Business Park, is for sale or lease. The lake side, six-level building, with over 300 car spaces, has a net leasing area of 7974 square metres on a 1.8-hectare site. Pfizer received clearance from the Australian Competition and Consumer Commission, in September, to acquire Wyeth. Pfizer has its Australia head office, at West Ryde. Expressions of interest to Jones LangLaSalle close on July 15.

Region. Drug makers in takeover talks

Pfizer, the world’s biggest drug maker is negotiating a $104 billion takeover of Wyeth, the world’s third-largest biotechnology company. Each company has facilities in West Ryde and Norwest Business Park, respectively. Should the acquisition go ahead it would be the largest in the pharmaceutical industry in almost five years. Pfizer will shed 19,000 workers when it completes the takeover.