Pacific Brands sells its Bonds factory in Wentworthville
Pacific Brands has sold its Bonds factory in Wentworthville for $27 million. The factory has been in operation since 1923. The historically important site in Dunmore Street contains working examples of 1920s factory construction, mainly the cutting room.
It will generate a one-off sale profit in 2013-14 of about $11 million for the company.
The sale completes a transformation program to manufacture offshore started in 2009 when it was announced the factory would close. Some 223 people would lose their jobs after Pacific Brands, the company that makes the brand of Bonds and Berlei, announced it would axe 1,850 jobs across the group.
The property is on the Holroyd City Council heritage list.
The suburbs last big sale was when Metroland Australia sold Wentworthville Mall to a local investor for $18.3 million. The mall spans a lettable area of 5,403 square metres and had annual net income of $1.73 million.
Photographs courtesy of Holroyd City Council
