Parramatta Commercial Property News

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.

Tycoon Lang Walker has brushed aside rival developers to win a tender to house about 4200 NSW public servants in a Parramatta office tower being pitched as the country’s largest.

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.