Buyer for old Penrice site in Adelaide


Undisclosed buyer to take control of prime industrial land

Buyer for old Penrice site in Adelaide
Port Adelaide, with the Penrice site top right.

 

The 14.7 hectare Port Adelaide site of the once iconic Penrice Soda business has been sold.

The strategic piece of land, with road, rail, and river access has been up for sale since Penrice was placed in to liquidation last August.

Local mayor Gary Johanson made no secret of his wish for an intermodal transport operation to seize on the "once in 100-year opportunity", taking advantage of the site’s position and access, and also bringing employment opportunities to the City of Port Adelaide-Enfield.

"I think it can produce far more jobs and opportunities for the community and the state than what poor old Penrice was doing the last few years," Johanson said earlier this year.

It is not immediately clear if that freight hub wish has been granted.

McGrathNichol, which is handling the Penrice liquidation, says the site has been sold to an undisclosed bidder.

Cash for Penrice creditors – rather than any civic goal – dictated the deal.

Johanson has been contacted for comment.

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