Parramatta Commercial Property News

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.

The tightly held Parramatta office market has been shaken up by a major office sale and proposals for two new towers.

Parramatta is set to continue growing upward with the announcement of plans for a 62-storey mixed-use tower at the site of a car dealership.

Float candidate hotel group Redcape has snapped up the Vauxhall Inn Hotel in Granville and the Australian Hotel and Brewery in Rouse Hill in Sydney’s two biggest pub deals this year worth about $90 million in total.