The NSW Government has today announced the development of a major site in Mount Penang, with the Borg Group securing 19 hectares of land.
Parliamentary Secretary for the Central Coast and Member for Terrigal Adam Crouch said the Borg Group is a major employer on the Central Coast.
“I’m very pleased to welcome Borg’s expansion into Mount Penang, a move which in the long-term will create thousands of permanent jobs for locals,” Mr Crouch said.
“This development will be the catalyst for economic growth and amenity at Mount Penang as a gateway to the entire Central Coast region.”
Hunter and Central Coast Development Corporation (HCCDC), a NSW Government agency, owns and operates the Mount Penang Parklands.
Mr Crouch said the Parklands are already home to over 30 local and international businesses, education tenants, world-class gardens and a popular event space.
“The Borg Group’s announcement marks the second significant sale at Mount Penang, with HCCDC also selling land to the locally-owned and operated Stevens Group for a staged development over a 5.7-hectare site,” Mr Crouch said.
“HCCDC has worked hard to secure proponents that will not only enhance the region’s economic opportunities but will respect Mount Penang’s unique heritage and natural surrounds.”
Borg Group Managing Director John Borg said that the company has a long history on the Coast and is excited to begin work at Mount Penang.
“It is a great location and the opportunities it presents for both our business and the broader region to thrive is something we are very passionate about,” Mr Borg said.