Parramatta. CBD property bought for $1.5m

Parramatta City Council has completed the purchase, at a cost of $1.5 million, of a two-storey retail building, on a 139.1-square metre site, at 18 Darcy Street, which will form part of council’s proposed $1.4 billion Civic Place redevelopment. Appeals by two property owners, R&R Fazzolari Pty Ltd and Mac's Pty Ltd, against Court of Appeal a decision granting compulsory acquisition of several properties, have been granted by the High Court.