Tanya Davies MP. Member for Mulgoa.

STATE TO BENEFIT FROM $17 MILLION SALE

Tuesday November 11, 2014

Member for Mulgoa, Tanya Davies MP, joined Minister for Finance and Services, Dominic Perrottet MP, in announcing the sale of 13.5 hectares of vacant land in the Caddens Release Area to developers for $17 million.

 

“This is great news for NSW taxpayers, as proceeds from the divestment will go directly into funding new initiatives and infrastructure throughout the state and here in Sydney’s Western suburbs,” Tanya Davies said.

 

“The land, which comprises of two sites, was previously owned by the State Records Authority and Urban Growth NSW and had been set aside for future developments, which both did not eventuate.” 

 

Upon inspecting the vacant land today, Tanya Davies said the prime land was well positioned for development as it was close to existing suburbs, facilities and transport.

 

“The opportunities for these sites are huge, with the potential to accommodate hundreds of new houses,” Tanya said.

 

“This is potentially great news for our local economy as new property developments mean more jobs, particularly in the building and construction industry, as well as more opportunities for people to relocate to the region.

 

“More residents in our region is also good news for local businesses and retailers” Tanya said

 

Minister Perrottet said that since 2011 the NSW Government has realised more than $500 million in savings through the divestment of surplus government property.  

 

“The recycling of surplus government assets means we can free up new funds to invest in new projects and initiatives,” Minister Perrottet said.

 

“New funding also means that we can continue to support projects in Western Sydney and throughout the State.”

 

The sale was jointly coordinated by Urban Growth NSW and Government Property NSW.

 

For more information on government property visit www.property.nsw.gov.au.