The NSW Government, with the Australian Government and eight local councils of the Western Sydney City Deal, have issued an invitation to innovative companies, universities and research institutions interested in becoming anchor tenants in the Western Sydney Aerotropolis, including the Northern Gateway Precinct.
The Northern Gateway Precinct, located in Penrith at the entrance to the Aerotropolis, provides a unique opportunity for investors to define their place in the thriving employment lands which will surround the new Western Sydney Airport.
As an early-adopter in the Aerotropolis, businesses and institutions will be backed by tailored government support, including fast tracked approvals, prime access to key infrastructure, strong promotional support, possible grants and other incentives, a skills program to support workforce development, and access to senior industry leaders.
The development of Western Sydney Airport and the surrounding Aerotropolis will link Penrith's thriving economy to greater international opportunities. Our City is ideally located to invest in and capitalise on the array of lifestyle and economic benefits that will flow from this region-shaping infrastructure.
Australia’s largest privately owned international logistics company, VISA Global Logistics, officially unveiled its new intermodal facility in Erskine Park last week.
The company highlighted Erskine Park’s excellent transport connectivity
as a key reason for its decision and a way to cut delivery travel times from their Port Botany base.
VISA will continue their 24-hour transport operations but drivers will only travel from the wharf at Port Botany to Erskine Park during the night. Throughout the day they will have much shorter delivery distances from Erskine Park.
Penrith Mayor, Ross Fowler OAM, applauded VISA's choice in putting down roots in Western Sydney.
“This area is facing unprecedented growth with an investment of $2.9 billion over ten years in major infrastructure upgrades and the construction of the new airport at Badgery’s Creek. These developments will transform the region’s economy.
“Penrith is perfectly placed as a transport and logistics hub for Western Sydney and indeed western NSW,” Cr Fowler said. Read more.
Pictured: Artist's impression of the VISA Global Logistics facility at Erskine Park.
Fund to supercharge SMEs
Penrith is set to benefit from a new $5 million Western Sydney Investment Attraction Fund that will supercharge fast-growing small to medium sized enterprises (SMEs) in Western Sydney.
The fund was announced last week in Penrith and is a component of the Western Sydney City Deal. It will see SMEs in Western Sydney benefit from a range of financial support products provided by Jobs for NSW, including loans and loan guarantees.
Penrith Mayor, Ross Fowler OAM, said the fund will enable the creation of high-value knowledge-based jobs of the future, locally in Western Sydney.
“This $5 million fund will allow innovative businesses from across the City Deal Councils to grow and employ more people," Cr Fowler said. Read more.
Medical services continue to expand in The Quarter
The recent sod turning for the Somerset Specialist Centre further expands Penrith's award-wining advanced health and education precinct, The Quarter.
The $30 million purpose built centre will deliver integrated medical care to the local community and enable a high volume of surgery, treatment and consultation that was previously delivered outside of the area, to be handled locally. This allows more patients to be cared for close to home and provides a suite of state-of-the art facilities in Penrith for doctors, surgeons and medical staff.
Located at 38 Somerset and 29 - 33 Derby Streets, Kingswood, the four-storey centre will feature 6,300 sqm of space for healthcare service providers with 2,500 sqm still available.
Pictured: Artist's impression of the Somerset Specialist Centre.
Investment in the growing New West
Council has recently received the following development applications:
Construction of a warehouse and distribution facility located within Precinct 6 of the Oakdale South Estate, at 2- 20 Ottelia Rd, Kemps Creek. The estimated cost of work is over $28.6 million.
Demolition of existing structures, tree removal and construction of a four storey residential flat building containing 20 apartments, basement car parking and strata subdivision, located at 20 Robert Street, Penrith. The estimated cost of work is over $4.8 million (pictured top).
The Sydney Western City Planning Panel has recently approved the following application for:
Construction of an eight storey serviced apartment building containing 58 serviced apartments, related facilities, three ground floor commercial tenancies and two levels of basement car parking. The development is located at 21 Woodriff Street, Penrith and has an estimated cost of work of $15 million (pictured bottom).
Penrith's advanced engineering capabilities showcased to the world
Western Sydney University's Solar Car Team recently took the winner's cup at the 2018 American Solar Challenge, once again highlighting Penrith’s growing reputation as a hub for research, technology and innovation.
The team, who's engineering facility is based in Kingswood, held off a field of leading universities to win the 1762.7 mile (2836.7 km) race in August, showcasing the advanced engineering capabilities of the University and Western Sydney's strong credentials in the fields of science, technology, engineering and mathematics (STEM).
With the new Western Sydney Airport set to be a catalyst for further growth in these future focused STEM fields, Penrith is the perfect place for the leading-edge minds of the future to develop their skills and for businesses to capitalise on the opportunities this infrastructure provides.
Fostering and supporting innovative projects is a strong priority for Council who will again be a Silver Sponsor of the Solar Car Team. Sponsorship will assist them develop and refine their technology for next year's World Solar Challenge, from Darwin to Adelaide. Read more.
Pictured: Former Penrith Mayor Cr John Thain visited Advanced Manufacturing Facility and Solar Car Project at Western Sydney University after their victory in the 2018 American Solar Challenge.
Real benefits for the local economy
Penrith’s booming tourism economy is set to receive another significant injection when the City's flagship annual event - Real Festival - returns to the banks of the picturesque Nepean River on 2-3 November this year.
Real Festival brings world-class art and entertainment, dynamic theatre performances, fun activities, workshops, markets and gourmet food experiences to Penrith in a spectacular festival event with significant flow-on benefits to the local economy.
The festival arrives on the back of another bumper year of major events in Penrith, with the City most recently hosting both the FFA Cup Semi Final between rivals Western Sydney Wanderers and Sydney FC, and the Australian Ballet's stunning outdoor performance of Giselle. Penrith has the space, facilities and infrastructure to support these headline events, and also offers visitors an array of cultural, food and adventure experiences to enjoy.
Tourism contributed $257.9 million to the local Penrith economy in the 2015/16 period by employing thousands of local people directly and indirectly and stimulating new infrastructure and development.
With a bold vision to enhance the City and its unique natural assets, Council is working to ensure major events continue to call Penrith home and the benefits are maximised for the community, tourism operators and businesses.
For more information on upcoming events, arts, food and cultural experiences in Penrith, see visitpenrith.com.au.
Penrith is a place of limitless opportunity. It is located at the point where Sydney’s north-south growth arc, Australia’s most significant future economic corridor, crosses the east-west connection. Penrith is the heart of this Growth City, which we call the 'New West'.