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Inglis To Buy Land At Warwick Farm

Friday, 18th December 2009

Meanwhile Inglis managing director Mark Webster commented: "The decision to acquire land at Warwick Farm provides Inglis with an option for the future, should it be necessary to relocate from Randwick in order to grow the business or comply with changes to planning regulations as Randwick develops as an education & healthcare precinct. It's important to clarify that Newmarket has not yet been put up for sale, nor has a decision been made to relocate within any particular timeframe. The Board has been reviewing options for a considerable period of time & has now decided to acquire a parcel of land more than double the size of Newmarket in a strategically important equine friendly location. The AJC Board's vision for the future of Warwick Farm was also important in making our decision." Webster added: "After an exhaustive review, it was determined that Warwick Farm was the most ideal relocation option. It is the only thoroughbred racing & training precinct in the Sydney metropolitan area with enough land available to accommodate a world class thoroughbred sales complex. Located adjacent to the Georges River, Warwick Farm Racecourse is only 25kms from the Sydney CBD & 20kms from Sydney International Airport. The site offers tremendous access from the Hunter Valley, Hawkesbury region & Southern NSW via the Sydney road network, while removing the need to travel through the CBD." And Webster noted: "Although no timeframe has been set for relocation, we have undertaken extensive modeling of the site to ensure it meets our future needs. In addition to the acreage being acquired, Inglis & the AJC have agreed to develop & share use of a new car park, capable of housing at least 1,000 vehicles which is 5-times the current capacity at Newmarket. The site is also big enough to accommodate 1,000 stables, 400 more than Newmarket. We envisage equipping each stable block with permanent hospitality suites for vendors to entertain their clients, thus negating the need for breeders to erect expensive marquees. We also plan to incorporate some staff accommodation into the new complex, for use by vendors during sales." And Webster said: "It's worth noting that other major thoroughbred sales companies have followed this path successfully in the past. Tattersalls relocation from London to Newmarket & the move from Wellington to Karaka in New Zealand are both good examples." (Sep 1)

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