Minto. Mall sold

Minto Mall, one of Australia’s worst performing shopping centres, according to The Australian Financial Review, has been sold for an undisclosed amount. However, industry sources estimated that, considering its poor condition, it would have gone for less than $20 million, perhaps as little as $15 million. A Sydney-based syndicate of private investors bought the mall, which has been in the hands of receiver, KordaMentha since August 2010,

Parramatta. Hotel group for sale

InterContinental Hotels Group and private equity group Archer Capital are believed to be interested in purchasing the $400 million Mantra Group, which has a hotel in the Parramatta CBD.

Region. Funds for housing

The NSW government has given $18 million to Blacktown and The Hills councils to help them pay for the delivery of essential housing infrastructure. The funds are raised by levying developers.

Rydalmere. Warehouse approval

The Sydney West Joint Regional Planning Panel has approved a $53 million Bunnings warehouse, on Victoria Road, Rydalmere, which could employ 240 during the construction phase and more than 200 jobs when operational.