Thursday, 1 April 2010

Parramatta. Future of King's site soon

Parramatta City Council Lord Mayor, Clr Paul Garrard, said the state government is expected soon to make a formal announcement on the future of the old King’s School site, facing the Parramatta River in the CBD. He said the site’s future had been a hot topic for council over the past few years as it continued to negotiate with the government on ways to ensure that this important piece of the city’s heritage stayed in the hands of the community and not be sold off to the highest bidder. “If we get the go ahead – and win financial support to restore this key heritage building – our community and creative industries will be considerably enhanced. And the public will gain access to this significant city site,” he said.

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Parramatta. Hotel for sale

The 181-room Courtyard by Marriott Parramatta, in Anderson Street, is for sale by tender. The property, in the southern precinct of the CBD, sits on a 8017-square-metre site and has a 220-vehicle car park. The property is for sale under instructions from S Cathro and D Lombe for an on behalf of HPI Parramatta Pty, receivers and managers appointed, in liquidation and Ce’Nedra Pty Ltd, receivers and managers appointed, in liquidation. Jones Lang LaSalle Hotels is handling the sale.

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Eastern Creek. Site for sale on M4

Expressions of interest have been called for a 32-hectare site, facing the M4 and close to the M4/M7 interchange, at Eastern Creek, available in one line or two lots. Owner will consider exchange for an industrial property or similar. EOI closed on May 27, with Savills Parramatta.

Granville. Site sold for $3.5 million

Parramatta developer, Georges Brothers, has paid $3.5 million for a 4936-square-metre development site, at 195-199 William Street, Granville, which has a DA approved for 45 units over two apartment blocks. The Australian Financial Review reported Harry Bui, of CB Richard Ellis, said the developer planned to develop the site and resell the apartments within 18 months.