Preliminary Bankstown Business Estate project draft released

Preliminary Bankstown Business Estate project draft released
Preliminary Bankstown Business Estate project draft released

A preliminary draft plan for a $160 million retail park in the Sydney suburb of Bankstown has been released, with the public invited to submit their ideas until October 21.

The Preliminary Draft Major Development Plan for the Bankstown Business Estate is designed to make best use of surplus aviation land around Bankstown Airport, some 41 hectares of Commonwealth-owned land.

LEDA Holdings managing director Robert Ell said the disused land is a perfect fit for such a proposal.

“The site has been earmarked for commercial use for a long time,” Mr Ell said.

“The project would also fill a commercial gap, attracting some of the world’s top retail names and providing affordable shopping opportunities for locals.

"The impact on local residents should be negligible because the site is buffered by Bankstown Airport’s runways, existing commercial operations, local golf courses and the Georges River."

$50 million of the proposed development has been slated for local infrastructure upgrades.

Potential retail development could include a discount factory outlet, bulky goods retail, warehousing, medical and fitness tenants and lifestyle and entertainment facilities such as alfresco cafes, restaurants, bowling lanes and play centres.

For more information, go to the Bankstown Business Estate website here.

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New Developments Property market

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