Large office is unavailable in Parramatta CBD

Tenants seeking more than 3000 square metres of office space in the Parramatta CBD were in a bind, according to The Australian Financial Review, with no significant space coming available until the expected refurbishment of The Octagon building. This would commence after a tenant, IAG, left the premises, with completion due early next year. It has been reported elsewhere that IAG, is expected to relocate to the recently completed building, on the corner of Macquarie and Smith streets.

Council would be 'stymied' if appeal were lost

Parramatta City Council’s corporate services group manager, Stephen Kerr, reportedly said its $1.4 billion Civic Place redevelopment project would be “stymied” if council lost its case before the Court Of Appeal. A decision is expected in June and until then Council’s joint venture with Grocon is in limbo. Earlier, the Land and Environment Court refused council’s application to compulsory acquire a number of properties in Darcy Street. Council had hoped that the Minister for Planning, Frank Sartor, would include such acquisitions in new planning laws. This was dropped after significant opposition.