Monday, 27 October 2008

Parramatta. Retail opportunities near Westfield

Expressions of interest have been called for three retail investments in the 25-storey EsCen tower, opposite Westfield Parramatta. The leases range from three to 10 years, with approximate net income of $41,500 to $80,000 per annum. The EsCen building, consisting of 93 residential apartments, is on the former Parramatta Fire Station site. Khoury & Partners is the agent.


Parramatta. Single-deck trains possible

If the Federal Government provided funds for the CBD metro rail line, the State Government was considering three complementary projects, according to The Sydney Morning Herald. One would be a multibillion-dollar purchase of single-deck trains for western suburbs services that would run on the CityRail network between Parramatta and Central.


Wentworthville. PacBrands rules out fire sale

Pacific Brands has property assets of $70 million including the Bonds site, at Wentworthville, which it could sell through transactions such as sale and leaseback if it chose to, to pay down debt of $740 million. But it was not sensible to be pursuing sell-offs in an extremely volatile market. “We would have no intention of doing that at fire-sale values,” Stephen Tierney,” the company’s chief financial officer, said in The Australian Financial Review.