Defence offloads first surplus military site for $23m (opens original article in a new tab)

The Australian Defence Department sold a surplus military site in Penrith, Sydney, for $23 million to Urban Apartments, which plans to develop it into residential apartments.

• Defence sold a surplus military site for $23 million
• The site is a 3.6 hectare Penrith training depot in Sydney
• Urban Apartments will develop the land into apartments