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Penrith Council advised on new city centre

Dentons has advised Penrith Council on its plans to build a new city centre, comprising residential buildings, a car park, child care facilities, a public plaza and landscaped communal areas.

September 06, 2018 • By Jerome Doraisamy
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Firms: Dentons (Penrith Council); unknown (Frasers Property Group).

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Deal: Penrith Council have entered into a Project Delivery Agreement with Frasers Property Australia to build the existing Union Road Carpark into a new city centre, as part of a plan to “transform” the “increasingly important and growing metropolitan area”.

 
 

Area: Real Estate

Value: Undisclosed

Key players: The Dentons team was led by the firm’s Australia Region CEO and partner Steve Healy and director Rebecca Mercer, who were supported by partners Jodie Wauchope, Marcus Graham, Tim Lipscombe and Cameron Steele.

Deal significance: The firm was delighted to have been involved in a deal that will “completely transform Penrith’s CBD”, Mr Healy said.

“The deal negotiations ran over approximately 12 months and included a highly complex Project Delivery Agreement and strategic advice on various issues,” he said.

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“Being able to put together a Dentons team with a breadth of expertise meant that we could advise Penrith Council on all facets of the deal. It was a privilege to assist the council on a project of this scale and vision, which will shape the city of Penrith for generations to come.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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