Kibbleplex sale details to be revealed in due course

Gosford Council has not yet exchanged contracts for the sale of Kibbleplex

Gosford’s mayor, Cr Lawrie McKinna and CEO, Mr Paul Anderson have both said the public will be informed about the details of the sale of Kibbleplex (or former Marketplace shopping centre) in Henry Parry Dve.

Cr McKinna said contracts for the sale of the property are currently being drawn up and are expected to be exchanged shortly. Mr Anderson said details such as lease arrangements for the car park and smart work hub are still being finalised.

When those details are bedded down, contracts will be exchanged and a normal six-week settlement period is expected.

The site was purchased by Gosford Council in 2011 for $11 million. It applied for $7 million in Federal Government funding to subsidise the purchase and agreed to redevelop the site as a regional library and smart work hub.

Council also undertook to turn the top two storeys of the complex into a commuter carpark for five years. “We are pretty close to an exchange, we need to resolve leases for car park and smart work centre and then contracts will be exchanged,” he said.

While councilors have agreed to the terms and conditions of the sale, Council has kept the details of the building’s sale confidential due to its commercial sensitivity.

Interview, Sep 21, 2015
Paul Anderson
Gosford Council
Jackie Pearson, journalist

 

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