Friday 22 October 2010

Parramatta. Hotel with no name

Exterior signage identifying the Crowne Plaza Parramatta has been taken down. The Singapore-based Pan Pacific Hotels Group, owner of the 196-room hotel, in the Parramatta CBD, will rebrand it as the Parkroyal Parramatta, in November. The property was named the Parramatta Parkroyal when it opened three decades ago under the ownership of Southern Pacific Hotels Corporation.

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Region. Big ideas for south-west Sydney

Camden, Campbelltown, Narellan, Liverpool, Picton and Wollondilly chambers of commerce have collaborated to formulate a 10 Big Ideas to Grow South West Sydney plan, which includes: improve passenger and road transport infrastructure, create a justice precinct, establish the region a tourist destination, encourage growth of business, the Macarthur Regional Organisation of Councils include Liverpool, which is a member of the Western Sydney Regional Organisation of Councils and the Minister for Western Sydney, David Borger be required to report to Parliament annually on what he has achieved for the region

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Parramatta. Office refurbishment

Jones Lang LaSalle has lodged a DA with Parramatta City Council for the refurbishment of part of the ground floor and part of the seventh floor of a commercial building, at 20 Smith Street, in the Parramatta CBD.

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Parramatta. Two properties on the market

Expressions of interest have been called for the 10–storey office building, at 80 George Street, in the Parramatta CBD, with a net lettable area of 8120 square metres. Current occupiers include Wipro Ltd, an Indian IT firm, Bridge Personnel Services, Suncorp Commercial Banking-NSW and Westpac. Nearby, a four-storey office building, at 90 Phillip Street, with a net building area of 2940 square metres and a net income of $1.126 million, is for auction on October 28.. Tenants include Hughes Truman, consulting engineers, State Super Finance Services Australia, the Argo Group and Holcim, the Swiss-based supplier of aggregates, concrete and concrete pipe and products.

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Cabramatta. Centre sold for $18.1 million

CBRE has sold the Cabramatta City Centre, on behalf of Ferrier Hodgson, for $18.1 million to a group of five local investors. The two-level freehold arcade has 37 specialty shops, a 57-basement car spaces and is fully leased. Net passing income is approximately $1.05 million.

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Sydney Olympic Park. Licensed premises

The Sydney Olympic Park Authority is seeking detail proposals to build, own and operate a 1400-square-metre licensed facility within the town centre, which has 120 organisations and some 10,000 workers. Some 686 apartments are currently under construction. SOPA expects project covering 1.4 million square metres providing nine combined commercial and residential neighbourhoods, in the coming years.

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