NSW Commercial Property News

High-profile property companies, the Roberts family-backed RF CorVal and Melbourne-based Grocon, have struck fresh deals in the western Sydney hub of Parramatta where billions of new developments are in the pipeline.

Healthy demand for office space in suburban Sydney is prompting a series of new projects with Singapore-backed Frasers and the private Winten Property Group winning the deal of approval for a $750 million development.

It looked like the deal of the century — or the deal of the half-­century, at least.

The owner of Watsons Bay Milk Bar Con Georgiou often gets called ‘The Mayor of Watsons Bay’ because he “knows what’s going on with everybody”.

The former Denistone East Uniting Church, which a decade ago became one of the first parishes to hold its services spoken in Korean only, has sold.

A 12,418sqm development site in the heart of Merrylands currently approved for 562 residential apartments and 4,500 sqm of ground level retail with basement parking has been sold for $41 million.

Birchgrove’s famed William Wallace Hotel is now under the control of an investment group after a secret sale.

The Paddington building housing the famous Italian restaurant, Lucios, has hit the market.

Increased focus on sustainability has led to Sydney and Melbourne falling in their rankings as globally attractive cities for real estate investment.