Parramatta Commercial Property News

Subdued business conditions and a lift in new developments have prompted a drop in space being taken up in office towers in the heart of Sydney but demand in the country’s resources capitals is holding up.

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.

The acquisitive Charter Hall has put its belief in the suburban office markets of Sydney on display, unveiling a deal backed by Singapore’s sovereign wealth fund to buy the Jessie Street Centre in Parramatta for about $415 million.

Singapore-listed company Raffles Education Corporation has struck a fresh deal to offload its Parramatta office block, as more than $1 billion worth of towers in the western Sydney hub are in play.

Singaporean sovereign wealth fund GIC has extended its holdings in the western Sydney hub of Parramatta by snapping up the Jessie Street Centre, in league with property funds group Charter Hall, from Canadian group Brookfield for about $420 million.

A Chinese group has swooped on an office block in the heart of Parramatta for about $82 million as Sydney’s suburban office boom rolls on, with new benchmarks being set across the city.

Property funds group Charter Hall is putting its faith in Sydney’s office markets on display with a play for the Jessie Street Centre in the western Sydney hub of Parramatta that is being sold by Canadian group Brookfield for more than $400 million.

A Sydney buyer is licking their lips after snapping up two prime properties along Parramatta’s bustling Eat Street, including the site which houses Australia’s first Criniti’s restaurant.

Two adjoining properties along Parramatta’s bustling Eat Street — including the site which houses Australia’s first Criniti’s restaurant — have hit the market.