Redevlopment

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Singapore-based Roxy Pacific and Sydney-based developer Phillip George have acquired a 8,450 square metre Revesby warehouse site.
The Bowermans Furniture site at 34-36 Mavis Street was bought from BN Revesby PT Pty Ltd for $9 million.
Roxy Pacific and George plan to develop the site as a combination of light industrial warehouses and self-storage units.
They will likely range in size from 25 square metres to 200 square metres, to accommodate a range of businesses under a strata scheme.
"The Revesby site is well located within close proximity to the M5 and we will be developing the property in a bespoke way to accommodate a wide range of businesses with versatile and dynamic spaces," said George.  
Having sold Mrs Crocket’s in 2004, George turned his attention to being a property owner and developer with a wide range of residential, industrial and commercial projects worth more than $750 million across Australia.
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Developers acquire Revesby site for redevelopment as strata business park

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Newcastle's retail outlet The Store, located opposite Wickham Transport Interchange, is on the market with a view to redevelopment or refurbishment.
The site, <a href="https://www.realcommercial.com.au/property-offices-nsw-newcastle-501660633" target="_blank">854-868 Hunter Street Newcastle</a>, is for sale through an expressions of interest campaign closing 2pm, 11 September and is zoned for a wide array of uses including commercial, residential, hotel, retail and entertainment.
Adam Leacy of Colliers International said The Store has been at the heart of Newcastle's retail sector for many years. 
“This site offers a wide range of opportunities to the new owners,” he said.  
“It's prime location and flexible zoning will make it highly sought-after by a range of buyers, both local and from further afield.  Newcastle is NSW's second largest metropolitan centre and has a strong economy, making it a highly lucrative destination for investors looking beyond the major cities.”
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