Mr Brian Boyd - Managing Director of PAYCE Consolidated Limited

Investors progress Report - Washington Park attracts strong private interest

"The Washington Park development at Riverwood was attracting strong interest from private buyers and investors", the Managing Director of PAYCE Communities Brian Boyd said.

Investment progress Report

The Public Private Parternship development is setting a new benchmark in urban renewal, Mr Boyd said.

The development at Washington Park in Riverwood consists of both private and public units.

It is a joint project with the NSW Government`s Land and Housing Corporation.

"A lot of work has gone into this project and it is pleasing to see the results coming to fruition," Mr Boyd said.

Washington Park Nears Completion - Mr Brian Boyd managing director of PAYCE Consolidated Limited.

Mr Boyd said the first stage of the public housing apartments was nearing completion with final infrastructure works now being undertaken.

"Ninety-per cent of services are being renewed or upgraded," Mr Boyd said.

"Power poles on Kentucky Road have been replaced with underground services and this will also be completed for Washington Avenue."

Strong Private Interest for investment in Luxury designer Apartments at Washington Park a Key Urban Renewal Project in Sydney NSW

Mr Brian Boyd stated that "We are in the first stages of building a new community at Washington Park."

"What is being offered at Washington Park is a great lifestyle at an affordable price," he said.

Mr Boyd said there has also been strong interest in the private apartments that are on offer.

Community Renewal and Urban Development for Sydney

Mr Boyd said he was a particularly pleased that PAYCE had been able to work in partnership with existing community groups on the project.

"The Riverwood Community Centre has been the lifeblood of this area for many years and we are pleased to be working with our neighbour to deliver improvements for the community."

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