Paxon acted as financial and commercial adviser to Arts NSW (now Create NSW) for the business case for a New Museum in Western Sydney.
Powerhouse Parramatta is the largest investment in cultural infrastructure since the Sydney Opera House and is the first cultural institution in Western Sydney.
It will feature over 18,000 square metres of museum exhibition and public spaces in various size, scale and offering.
Paxon’s financial and commercial advice assessed the various development options available to the State of NSW to achieve the optimal overall outcome from a capital and recurrent funding perspective.
Arts NSW (Create NSW) Client
Parramatta, NSW Location
$500 million Project Value
Financial and Commercial Adviser Roles
The business case was used by Arts NSW and the NSW Cabinet to inform the selection of the preferred option for the relocation of the Powerhouse Museum, and the committed redevelopment of the Ultimo site.
The project is now under construction.