New jobs linked to property plunge

By PETER CATON

A HUGE new industrial estate being created on the eastern outskirts of Murwillumbah has almost completed sold out.

The first stages of the Tweed Valley Enterprise Park, likely to eventually employ hundreds of workers, are set to be ready for a start on the building of factories by July.

Tweed Property Sales property division manager John Demiris said yesterday only five blocks remained for sale in the 56 lot industrial estate.

The news has been welcomed by Tweed Economic Development Corporation chief executive Tom Senti who said the estate would help create many of the 13,000 jobs required in the Tweed in the next 10 years.

"We are the fastest growing region in NSW," he said.

"This shows if you create the opportunity, investment comes. Because we are a lifestyle region, people are keen to come here if they can get a job."

Mr Senti said population projections indicated the Tweed would have an extra 41,000 people by 2016 - but that would require 13,000 more jobs.

While some would be created by tourism, services and retailing, the Tweed Valley Enterprise Park estate was important in providing industrial jobs.

Mr Senti said the quick sale of the estate, which first went on the market early last year, also proved "there is a demand (for industrial land)and that's really good."

The remaining blocks, ranging in size from 2000 square metres to 10,000 square metres were for sale at $150 a square metre.

Mr Demiris said one entire stage of ten 10 lots, stage eight, had snapped up by one large corporation.

"That's good news for Murwillumbah and it just going to get better and better," he said.

Factories and warehouses, some of them distribution centres for the Northern Rivers, are expected to be established in the new estate on former council land off Wardrop Valley Road.

Among them are local companies planning to relocate to bigger and better premises, including the Scandanavian Cone Company and the Pottsville Forge.



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