All smiles as $1.5m busi­ness hub ‘vi­sion’ takes shape

The Northern Star - - FRONT PAGE - FRAN­CIS WITSENHUYSEN Fran­[email protected]­ern­

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.

Photo: Marc Stapel­berg

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”.

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