Australian real estate fund manager, EG, has announced that Development Application has been granted for 100 South Creek Rd, Cromer.
The site represents one of the largest employment renewal opportunities in the Northern Beaches. Currently sitting vacant, the proposed reuse has the potential to generate up to 600 jobs (a mix of temporary and ongoing roles) as the site matures.
Formerly the headquarters of pharmaceutical company, Roche, the $44 million site transformation will establish The Northern Beaches Business Park with self-storage facilities, commercial office space, a café, and 11 warehouse and distribution units.
The strategically significant site is located in close proximity to local infrastructure, including the B-line bus route and will benefit from the proposed Beaches Link Tunnel. The industrial park will be a connected hub for both local employers and suppliers.
“In a market starved of local investment, EG is thrilled to be injecting back into the economy of the Northern Beaches Local Government Area,” said Associate Director, Sean Fleming.
“The project offers the potential for a diverse range of local urban service outcomes, including creative and hi-tech industries, modern warehousing local business ‘start-up’ incubators and a place for innovation,” added Development Director, Grant Flannigan.
Important heritage elements of the site will be preserved for sympathetic adaptive re-use, including former Roche office buildings, a residence, associated landscape features and the iconic hexagonal five-storey tower.
The redevelopment is expected to be delivered in Q3 2021.
