- The site at 158-164 Old Bathurst Road was previously home to a concrete pipe supplier
- Set to be one of the largest industrial land parcels seen in the area for 14 years
- New project is expected to contribute $36.4M to the local economy
The Penrith City Council has announced the acquisition of 16.29 hectares of industrial land at Emu Plains which it said will be utilised to enhance employment and stimulate the local economy.
The site at 158-164 Old Bathurst Road, Emu Plains – previously home to Rocla, a concrete pipe supplier – is set to become one of the largest industrial land parcels seen in the area for over 14 years.
Penrith Mayor Karen McKeown OAM said the acquisition aligns with Penrith’s vision to have more employment opportunities closer to the city and to complement other projects such as Soper Place, 131 Henry Street and Regatta Park.
“As part of the revitalisation of our city, Council has purchased 158-164 Old Bathurst Road for a future industrial precinct to diversify our local job opportunities, attract investment to our city and locate businesses close to home,” Cr McKeown said.
“We need to significantly increase our employment hubs in Penrith with our population set to grow by 60,000 in the next 10 years, and over half of our working population already commuting outside the area each day for work.
“This new project will also inject $36.4 million into our local economy each year, helping to support our recovery from COVID-19.”
Karen McKeown OAM, Penrith Mayor
Penrith City Council intends to subdivide the site to increase the supply of medium-sized land in the area, with expectations this will attract over 40 businesses to be based in Emu Plains.
Another benefit includes a reduced reliance on rate income, while also continuing to provide high-quality service for the community.
The contracts for the site have now been finalised with settlement due in 2023. The planning phases of the project will begin soon, with a development application expected to be lodged by the middle of next year.