Parramatta. Properties sold in the CBD

The Heathley Keystone Property Fund No. 29 has bought the 10-storey, 8100-square-metre office building, at 80 George Street (on the corner of George Street and Horwood Place), in the Parramatta CBD, for $27 million, from 360 Capital Office Fund. Trinity Property Trust has sold Enterprise House, at 1-3 Fitzwilliam Street, in the CBD to a local investor for $28.3 million. The building is fully leased to the NSW Office of Fair Trading until 2013.

Parramatta. Parra Leagues sells property

Parramatta Leagues Club has sold an office building, at 52 O’Connell Street, in North Parramatta, with vacant possession for $2.05 million to an owner-occupier. The club is having discussions about the sale of level one of 50 O’Connell Street, for $3.175 million. Negotiations are being held for a development site, at 46-48 O’Connell Street, to be sold for about $1.85 million, according to The Australian Financial Review.

Leppington. Stockland buys site

Stockland has secured the right to progressively acquire 339 hectares of land, at East Leppington. The site, which is expected to deliver approximately 3000 new homes and retail centre, is 1.5 kilometres from the proposed Leppington railway station, part of the South West Rail Link. Stockland CEO residential, Mark Hunter, said: “East Leppington will be a new master planned community, which delivers on Stockland’s commitment to provide sustainable and affordable places to live. The financial details of the transaction remain confidential. The vendors were private landowners, Joe Stambe and Vince Lopresti.

North Ryde. Metcash acquisition

Grocery wholesaler Metcash, based at Macquarie Park, has received regulatory approval to acquire Brisbane-based point of sale (POS) system provider, Scanning Systems Australia (SSA). CEO, Andrew Reitzer, said the acquisition would enhance the company's ability to assist independent retailers to compete with the major chains. SSA provides electronic payment systems to independent retailers in the grocery, liquor, hardware, fuel and convenience sectors. Metcash brands include IGA, Cellarbrations, Bottle-O and Mitre 10.

Top Ryde. Company secures fiancne

Developer, Iwan Sunito’s Crown International Holdings has secured finance to build 500 apartments above the Top Ryde shopping centre, with Commonwealth Bank to fund 100 per cent of the construction costs for the $500 million development, according to The Australian Financial Review. The company has a $1.5 billion pipeline over the next five years including an apartment project in the Parramatta CBD. The project is a 26-storey mixed use development comprising 339 residential units, 1903 square metres of retail space, 5488 square metres of commercial space and six levels of basement parking for 506 vehicles. The building to be known as Macquarie Place, is on a 4879-square-metre site on the corner of Macquarie, Marsden and Hunter streets. The cost of construction is expected to be $200 million.