Parramatta. $950,000 for a CBD penthouse

The Besgate Group’s 28-level residential project, to be built at 114-124 Church Street, includes six three-bedroom penthouses in a price range up to $950,000. The 80-unit project, promoted as “the tallest residential building in Parramatta”, is centrally located the CBD’s Chinatown precinct and close to Westfields.

Homebush Bay. More residential approved

The Minister for Planning, Tony Kelly, has approved a concept plan for a new $129 million residential development at Wentworth Point. He said the Payce Management Ltd project will add up to 573 dwellings and deliver more than 6000 square metres of public space. “Wentworth Point is an area in transition, having seen a significant recent transformation since the Olympics from an industrial, warehousing and distribution centre to a new and vibrant neighbourhood,” he said. The Minister for Western Sydney, David Borger, said this section of Homebush Bay is earmarked for new housing, located near the Parramatta and Rhodes employment centres, sporting and cultural facilities at Sydney Olympic Park, and existing public transport.

North Ryde. ACCC review of proposal

The Australian Competition and Consumer Commission has commenced its informal review of the proposed acquisition of Franklins by Metcash, at Macquarie Park. The ACCC has asked for submissions by August 19 and expects to make a decision by September 23.