All smiles as $1.5m business hub ‘vision’ takes shape
IN A STEP towards revitalising the Lismore CBD, work to upgrade a prominent business hub has begun.
Clarence Property has kicked off a $1.5 million project to upgrade the outside and entire top floor of the Westlawn building in Molesworth St.
The refurbishment aims to reposition the property as a modern and fresh office building in the heart of the city and create a more inviting space for its 13 tenants, future tenants and their customers.
Works include external painting, a new, large entry awning to the front of the property, glass balustrading to all external balconies and a new entry foyer.
Clarence Property’s head of property Simon Kennedy said the upgrade was part of the company’s commitment to the building and to Lismore.
“Lismore suffered in the floods and it has been slow with businesses getting back on their feet,” he said.
“But this is the largest town in this region, there is lots of activity, there’s a terrific hospital, TAFE and uni – it’s a great town.
“Location-wise alone, we are confident this upgrade will help to create more business activity in the future.”
Mr Kennedy said the refurbishment had already resulted in increased leasing activity, with five existing tenants renewing leases in the past 12 months, one tenant taking on additional area and three groups negotiating on vacant space within the property.
“Investing in the property and using local contractors to perform the works has an important compounding effect that contributes to a positive cycle of improvement and economic growth for the local community,” he said.
The exterior works are expected to be completed before Christmas.
The Westlawn building upgrade forms part of a $5 million program of refurbishments being undertaken in the Westlawn Property Trust portfolio.
Other properties on the Northern Rivers being refurbished include Tamar Village at Ballina and Yamba Fair.
Clarence Property’s head of property Simon Kennedy and property manager Emily Rippon in front of the Westlawn building in the Lismore CBD. About $1.5 million is being spent to upgrade the property, aimed at helping “create more business activity in the future”.