Eyes on Penrith Hotels

The Thornton Estate in Penrith is attracting attention following the recent sale of the completed Quest Hotel for $30.25M.

UrbanGrowth NSW acquired the 40-hectare Thornton Estate site from the Commonwealth Department of Defence in 2012 and completed the rezoning and concept plan. UrbanGrowth NSW acted as the master developer, delivering all the infrastructure and public domain works for the site.

The Thornton apartment precinct is a joint venture development between St Hilliers, and First Point Projects retail and community developers

The Quest Hotel project was delivered by St Hilliers and features 115 apartments over seven levels, comprising studio, one and two-bedroom configurations, and includes on-site parking, a conference room and gym. The hotel is located adjacent to Penrith railway station within walking distance of Westfield Penrith.

Capital Management Australia

PO Box R1254

SYDNEY   NSW   1225

Tel: +61 412 173 476

Email: warwick@cmaust.com

ABN: 32 610 910 819

AFSL: 493605

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