A new commercial hub being developed by the University of Western Sydney in Werrington is set transform the area with a new major expansion tipped over the next two decades.
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 5,500 square metres of commercial office space.
CBRE’s Stephen Panagiotopoulos said the speculative development was positioned to capitalise on the rapidly growing Western Sydney region.
The improved infrastructure will also work as a draw card for improved facilities such as schools and medical centres.
“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 Lalic said.