Tuesday, 1 June 2010

Parramatta. Acquisition of properties

Parramatta City Council will discuss, in closed committee at a special council meeting tomorrow night, the acquisition of properties 20-22, 24 & 26 Darcy Street, as part of its $1.4 billion Civic Place redevelopment.


Penrith. Receivers for shopping centre

David Winterbottom, of KordaMentha, has been appointed receiver to Pipven Pty Ltd, owner of the Penrith at Home retail centre (formerly SupaCenta Penrith), which has Spotlight, Bing Lee, Freedom Furniture and JB Hi-Fi as tenants. He intends to continue operating the centre on a business as usual basis. Earlier council approved an expansion, which Harvey Norman opposes because it would take up much of the parking area outside the store on the adjacent site, affect business and create traffic jams. Mr Winterbottom has appointed CB Richard Ellis to manage the centre and to steer the leasing process, according to The Australian Financial Review.


Parramatta. Merger talks continuing

The next few weeks are crucial if the merger between the Sydney Turf Club, at Rosehill, and the Australian Jockey Club, at Randwick, is to get across the line, according to The Australian Financial Review. The two clubs have been locked in merger talks for many months. Racing NSW’s chief executive, Peter V’Landys, said negotiations between the clubs, state government and his own organisation were continuing.