Thursday 20 August 2009

Parramatta. Premier Parking for sale

The business and assets of the Parramatta-based Premier Parking, regarded as the third largest parking operators in Australia, are for sale, following receivers being appointed. The business commenced in 1984, manages and operates 51 car parks in NSW and Victoria, and employs in excess of 250 people. Gross annual turnover is approximately $29 million. The business is positioned to take advantage of the increasing trend of the automation of car parks, through its state-of-the-art control room facility. EOI close on August 25, with PKF Chartered Accountants.

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Sydney Olympic Park. Development sites

The Sydney Olympic Park Authority has called for proposals to lease sites for education and training purposes in the sports and education precinct. Some sites incorporate retail. Opportunities exist for sites in varying size and development opportunities, and options are available for student accommodation. Proponents must be sports or educational providers or have the capacity to team up with a sports or educational provider. Formal proposals close on October 13.

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Penrith. Two sites sold

Bapist Churches of NSW Property Trust sold a site of about 5800 square metres, in Barber Avenue, to a Penrith private developer, for $1.6 million. The site is in the heart of the medical precinct. In nearby Kingswood, the Society of St Vincent de Paul sold a property, with a land area of 1570 square metres, in Phillip Street, for $1.1 million to an undisclosed buyer.

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Westmead. One of a kind in Australia

The Lady Mary Fairfax CellBank Australia facility at the Children’s Medical Research Institute (CMRI), at Westmead, now enables Australian researchers to access cell lines (cells grown in culture) locally and quicker, rather than from overseas. CellBank Australia will soon stock more than 700 cell lines from the international cell line repository, the European Collection of Cell Cultures. The facility runs on a cost recovery basis.

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Region. Stoush over supermarkets

Supermarket proposals are fast becoming Sydney's new urban development battlegrounds, as major grocery chains clash with councils and residents over large stores proposed for their suburbs, according to The Sydney Morning Herald. In the past 12 months, developers and councils have clashed over supermarket developments in Pennant Hills, Bankstown, Windsor, Ballina, Gosford and Wollongong, as well as over a string of proposals across the inner city.

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Kings Park. Noni B profit down

The women's clothing retailer, Noni B, at Kings Park, said a slump in its annual profit and the decision to withhold its final dividend followed a loss of confidence among its traditional ''baby boomer'' market as a result of the economic downturn. Net profit for 2008-09 was $2.3 million, down 8.23 per cent, on the previous year. "The past 12 months have been really testing, and it is too early to be certain whether the downturn is over," said MD, David Kindl. Noni B, which also owns the Liz Jordan clothing brand, opened 13 new outlets over the past financial year to bring its portfolio to 214 stores.

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