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Werrington Park Corporate Centre to transform Western Sydney
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Werrington Park Corporate Centre to transform Western Sydney

10 August 2014
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Sydney, 10 August 2014 – Sydney’s Greater Western region is tipped for major expansion over the next two decades, with a new commercial hub being developed by the University of Western Sydney in Werrington set to transform the area.

The $30 million Werrington Park Corporate Centre, which will form part of a mooted 58 hectare multimillion-dollar Business Park Precinct in the region, will feature a three-storey, five-star Green Star building comprising 5,500sqm of commercial office space.

CBRE and Colliers International have been jointly appointed to lease the centre on behalf of the University of Sydney, with tenancies ranging from 200sqm. 

CBRE’s Stephen Panagiotopoulos said the speculative development was positioned to capitalise on the rapidly growing Western Sydney region.

“Badgery’s Creek – home of Sydney’s second airport - is earmarked for significant growth over the next 20 years and the Werrington Park Corporate Centre is well placed to benefit from this,” Mr Panagiotopoulos said.

“The centre will also service the growing workforce who commute two hours from Sydney’s north-west and south-west each day into the city, providing a commercial hub that supports the outer metropolitan area.”

Mr Panagiotopoulos said occupiers of the development would also have the opportunity to access nearby amenities at the University of Western Sydney.

“We expect there will be strong interest in this property from a range of groups including medical, engineers, government and financial services, as well as tenants that can collaborate with the university,” Mr Panagiotopoulos said.

Colliers spokesperson Ben Lalic said the development would play a pivotal part in the growing Badery’s Creek region.

“The Werrington Park Corporate Centre will help form a landmark commercial hub in Penrith’s LGA, creating thousands of local jobs and providing employers access to reach local job seekers and professional employees from the growing community and housing boom in Western Sydney,” Mr Ben Lalic said.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.
 

 

 

 

 

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