Commercial property owners get insight into airport’s benefits

Max Wilson from Western Sydney International Airport speaking to the audience.

Commercial property owners and investors have been given an insight into the future of Penrith at an annual event this week.

Themed ‘Runway to Growth’ as Penrith prepares to reap the benefits of the Western Sydney International Airport’s opening next year, the property owners and investors night was held at Panthers Leagues Club on Tuesday night and presented by the Penrith CBD Corporation.

Guests heard from Western Sydney International Airport General Manager of Commercial Property, Max Wilson, who provided insight into the progress of the airport, and how it will change the game in terms of both international travel and freight movement.

Development Director of Akura, Matt Jordon, spoke about the company’s recent projects in Penrith, while Tapas Strickland from National Australia Bank provided insightful analysis on market trends and the economic opportunities and challenges ahead.

A panel discussion chaired by Darren Latty from PRD and Penrith CBD Corporation saw Wilson and Jordon return to the stage alongside Astina Group’s William Shrumphf and Panthers Group Development Officer, Matthew Leavey.

Latty, who serves as Chairman of the Penrith CBD Corporation, said it was a critical time for owners and investors to take notice.

“Whether it’s preparing land for rezoning, considering development partnerships, or simply holding key assets as their value appreciates – the opportunities over the next decade will be shaped by this single, transformative project,” he said, referring to the new airport.

“Those who act early and strategically will stand to benefit the most.”

Troy Dodds

Troy Dodds is the Weekender's Managing Editor and Breaking News Reporter. He has more than 20 years experience as a journalist, working with some of Australia's leading media organisations. In 2023, he was named Editor of the Year at the Mumbrella Publish Awards.

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