Billion-dollar projects given approval

Billion-dollar projects given approval

Posted on Tuesday, June 25 2013 at 9:23 AM

The New South Wales Government has granted rezoning approval for three major development and retail hubs in Western Sydney.

Narellan and Liverpool should see more than 4000 jobs created and $1.1 billion
dollars invested as a result of the approvals.

three rezonings will provide an extra 100,000 square metres of retail space and
boost shopping options for nearby residents.

Richard Pearson, deputy
director-general for planning and infrastructure, says the proposals will
facilitate the community’s increasing population.

“These rezonings will
allow retail development to provide the capacity needed to service the strong
population growth as more suburbs are developed.

“Providing more retail
space helps put downward pressure on prices and lowers the cost of living.”

proposals can now be lodged for each of the sites.

The Penrith Panthers rezoning allows for an $850
million development including general retail development, a brand outlet centre,
offices, hotels and apartments.

The rezoning of the Narellan town centre in
Camden will enable a $300 million expansion of the existing retail centre,
roughly doubling its size to more than 90,000 square metres.

The rezoning of Liverpool’s 19,000-square-metre
Orange Grove retail centre is expected to create 400 permanent jobs by
permitting the operation of discount outlet stores up to seven days a week.

The department approved the rezonings after
ensuring they were in line with the vision of the draft Metropolitan Strategy
and requiring that councils consulted with local communities before making
their recommendations.

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