Parramatta Commercial Property News

Parramatta Road in Western Sydney has become a hotspot for commercial sales over the last 12 months, with major retailers splurging on multimillion dollar assets.

As the city’s CBD continues to struggle with a post-Covid recovery, the greater Sydney area and NSW regions are galloping ahead.

The ABC’s plans to move 300 Ultimo employees to Parramatta could help consolidate Western Sydney as a go-to alternative to the Sydney CBD.

A half vacant commercial office block in Parramatta has sold to a local investor for nearly $40 million – some eight years after it sold fully leased for $18 million.

The largest landholding on the Parramatta River at Breakfast Point is set for an exciting future after being snapped up by a local family. The heritage-listed property once used a blacksmith’s workshop traded on Friday …

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.