CCBR Business Review

18 M A J O R S T O R I E S THE NEXT-LEVEL OFFICE SPACE YOUR BUSINESS DESERVES SUPER FAST INTERNET • MEETING ROOMS VIDEO CONFERENCING • GYM • CONCIERGE SERVICED OFFICES • FLEXIBLE TERMS 1300 877 977 info@nexushub.com.au nexushub.com.au ONE OF THE highest profile proper- ties on the Central Coast sold in 2018. Richard Chiu, the Paris based owner of the former Old Sydney Town property at Somersby put it on the market through agents CBRE with Expressions of Interest closing Thursday 15th March 2018. The property sold to Chinese inter- ests for a reported $22 million. The sale included a long term lease to the Australian Reptile Park. The property at 945 Old Pacific Highway Somersby consists of five adjoining parcels totalling 120.14 Ha which includes the former Old Sydney Town site and the Australian Reptile Park zoned E4 – Environmental Living and E2 – Environmental Conservation. The Australian Reptile Park is on a 5.4 Ha site with entry from Myoora Road, Somersby and is leased for 70 years from 1997 at a current rental of $94,000 p.a. Old Sydney Town sold Work starts on Intercity Fleet Maintenance Facility May 2018 saw Parliamentary Secretary for the Central Coast, Scot MacDonald, turn the first sod marking the start of major construction on the new Intercity Fleet Maintenance Facility at Kangy Angy. When complete this facility will service and maintain more than 500 train carriages that will be part of the new Intercity Fleet. The new fleet will service travellers to and from the Central Coast, Newcastle, Blue Mountains and South Coast. The $300 million investment in the Kangy Angy Facility is expected to create 300 positions during construction, and 200 positions when in operation. “Once built, the operation of the facility will include ongoing apprenticeships, internships, local workforce hire and work experience placements via engagements with local universities, TAFEs and other colleges,” said Mr MacDonald. Kangy Angy will be the primary loca- tion for the maintenance of the new Intercity Fleet and is set to open its doors in 2020. “Construction of the facility will include about six kilometres of electri- fied rail lines, offices, ancillary buildings, amenities and staff parking. An access road for local residents, via a new bridge, will connect Enterprise Drive to Orchard Road. John Holland Group were awarded the detailed design and construction contract for the new Train Maintenance Facility Image Intercity Fleet Maintenance Facility CENTRAL COAST BUSINESS REVIEW YEARBOOK 2018