Minister Assisting the Premier on Western Sydney Stuart Ayres and Minister for Finance and Services Andrew Constance today announced the sale of 13.5 hectares of vacant land in the Caddens Release Area as part of the NSW Government’s commitment to boost jobs and investment in Western Sydney.
The land comprises two sites, a vacant State Records site with frontage to O’Connell Street, and adjoining land owned by Urban Growth NSW.
“This is an exciting opportunity for a developer to acquire and develop prime land for housing in Western Sydney,” Mr Ayres said.
“The Caddens Release Area is a growing area near the Penrith city centre. It has already delivered a range of lot sizes and quality urban spaces which will provide a high level of amenity for residents moving to the area.”
Urban Growth NSW is delivering key road infrastructure to support and unlock development potential for other parties within the Caddens Release Area.
The site has access to services and multiple transport options including direct access to the Great Western Highway, the M4 and train stations.
Mr Constance said the NSW Government is committed to driving efficiencies and ensuring State-owned land is used more effectively or divested to benefit communities.
“Recycling non-core Government property assets continues to deliver results for the people of NSW,” Mr Constance said.
“In addition to potential development benefits, the project will also deliver significant sale proceeds for the State to be reinvested in essential services.
“Government Property NSW will continue to identify surplus and under-utilised properties to ensure State-owned land is put to best use or relinquished.” Government Property NSW and Urban Growth NSW are jointly managing the disposal of this land. Interested parties can visit www.urbangrowth.nsw.gov.au. Submissions close at 3pm, Wednesday14 May 2014.