1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Private innovation 'key' to Sydney upgrade

November 04, 2011

Private sector innovation will play a key role in Sydney's plans for the construction of a world-class convention centre in the NSW capital, the Property Council of Australia asserts.

A new convention centre, according to Glenn Byres, the NSW executive director of the council, would do more than simply provide a venue for business events, but could also represent several other opportunities for growth, development and investment in the commercial property sector.

"New hotel, retail and other hospitality assets should also emerge given the private sector now has more flexibility and a broader landscape to work on," he said.

Byres added that as Sydney is "on the cusp" of arranging a host of new exhibition and convention facilities, encouraging private sector innovation for the centre's design, delivery and operation is a wise move on behalf of the state government.

He explained: "Our previous research showed constraints at existing facilities cost Sydney 3,037 jobs and $218 million each year - equivalent to hosting a Rugby World Cup every year."

Last week, Sydney Convention and Exhibition Centre chief executive Ton van Amerongen remarked that redeveloping the facilities could lead to other exciting prospects.

The redevelopment would expand the existing site to a much larger 12-hectare precinct, which would become Australia's largest event facility.

Latest Articles

Alternative investments

Most people when looking for a commercial investment tend to stick to the traditional – an ...
read more

A WALE of an investment

When people hear the term WALE, they immediately think of one of the world’s largest mammals ...
read more

National Portfolio Magazine

We are very pleased to present the August 2014 edition of the LJ Hooker Commercial ...
read more

LJ Hooker Commercial launches new Industrial Market Monitor

Investment demand for industrial space is set to surge in Sydney, Melbourne and Darwin as ...
read more

Retail therapy

Retail is slowly but surely bouncing back with pockets of areas around Australia showing an ...
read more

Industrial leasing on the rise in NSW

It is a good time to own commercial property in Australia – particularly in the industrial ...
read more