Tuesday, 22 November 2011

Parramatta. Auction of office space

The office and car space of the failed, Parramatta-based Premier Parking Group, in a building at 85 George Street, in the CBD, will be auctioned on December 8. The company, the third-largest parking operator at the time, bought the space for $4.8 million in 2008. It went into administration in 2009 owing more than $8 million to St George Bank. S&K Car Park Management acquired the company’s portfolio in 2010.


Parramatta. Lobbying state government

Parramatta City Council will develop a report on an implementation and advocacy plan to attract state government departments. The report will examine, in part, the scope for amending the density of the Civic Place precinct and city centre, with a view to accommodating a potential expansion of the height and floor space ratio in line with state government’s needs; prepare a program regarding specific state government departments to lobby; examine the potential for advertising or the employment of professional lobbyists; and the formation of a separate sub-committee to guide this process and the composition of the sub-committees.

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Blue Mountains. Properties sold

The 37-suite Echo Point Motor Inn, in Katoomba, has sold for $1.4 million, a steep discount to its trading price of $2.15 million in 2004, according to The Australian Financial Review. In June, the Hotel Gearin sold for $1.925 million, well below the $4.2 million paid in 2005.