Parramatta Commercial Property News

Heavyweight property group Brookfield has put the Jessie Street Centre in the heart of Parramatta up for sale amid expectations it will go for about $400 million.

The western Sydney hub of Parramatta is on the rise with a brace of new office towers under way even as the residential property slump cripples the prospects of new apartment buildings.

Tycoon Lang Walker has emerged as favourite to house more than 4000 state public servants in new towers in Sydney’s west, with his proposal edging out rival projects in Parramatta.

The race to house more than 4000 state public servants in Sydney’s west is coming to a head with three projects in Parramatta heading a field that has pitted tycoon Lang Walker against two listed developers.

GPT has locked in insurance group QBE as anchor tenant at its $300 million office development in Parramatta.

Two Singaporean companies, Roxy-Pacific Holdings and Tong Eng Group, have teamed up to buy the NSW Aboriginal Land Council’s building on Argyle Street, Parramatta, for $40.8 million.

Global fund manager BlackRock has joined the ranks of investors and developers with an exposure to Parramatta, swooping on a Phillip Street building for $56.63 million.

A deal between Charter Hall and two Sydney universities will result in the development of a $280 million engineering innovation hub in Parramatta’s CBD in the city’s west.

The western Sydney hub of Parramatta is on track to hit 1 million square metres of office space by 2022 as major tenants look for new space that could drive construction of new towers.