Penrith Council has acquired 16.29 hectares of industrial land on the former Rocla site at Emu Plains, which is to be utilised to enhance local employment and stimulate the region’s economy.
The site’s prime position at 158-164 Old Bathurst Road in Emu Plains will see it become a major industrial and employment hub for the community that will unlock one of the biggest industrial land parcels the suburb has seen in over 14 years.
The purchase is part of the council’s vision to become a world-class city with employment opportunities close to home, and it complements other transformative projects such as Soper Place, 131 Henry Street, City Park and Regatta Park.
Penrith Mayor Karen McKeown OAM said the purchase of the industrial precinct is part of the revitalisation of the city that will “diversify our local job opportunities, attract investment to our city and locate businesses close to home.”
“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,” Cr McKeown said.
“Our proposed industrial precinct at Emu Plains will help us to achieve our employment targets by creating 300 – 350 new jobs once complete in essential industries such as advanced manufacturing, logistics, warehouse distribution and construction.
“This new project will also inject $36.4 million into our local economy each year, helping to support our recovery from COVID-19,” Cr McKeown added.
The council plans to subdivide the industrial site and attract over 40 businesses, both large and small, that are looking for much-needed space.
The site’s location has a great deal to offer businesses, including its strategic location close to the Penrith CBD, as well as its proximity to the Blue Mountains, the M4 Motorway, Emu Plains train station and the proposed adjacent State Government commuter car park.
While contracts for the site have been finalised, settlement won’t be due until 2023. In the meantime planning phases of the project are expected to start soon, with a development application to be lodged in mid-2022.