Thursday, 27 September 2012

Silverwater. Property sold for $2.03 million

A pharmaceutical owner-occupier has paid $2.03 million for a 1205-square-metre freestanding office and warehouse property, at 81 Carnarvon Street, Silverwater, formerly occupied by Homart Pharmaceuticals, which has relocated to Rydalmere.

Erskine Park. Bluestar NSW headquarters

Logos Property will develop the $35 million NSW headquarters of Bluestar Logistics, in Erskine Park, an established hub for logistics companies, which includes Woolworths, Linfox, DHL and Coles. Bluestar will pay rent of about $4 million annually for 4.23 hectares of space over two warehouses, according to The Australian Financial Review.

Macquarie Park. Deal likely

Abu Dhabi Investment Authority and Canada Pension Plan Investment Board are believed to be interested in take 50 percent of the Macquarie Centre shopping centre, which is half owned by AMP Capital. The remaining 50 per cent is divided between Westfield Group and Westfield Retail Trust, in a deal likely to top $450 million, according to The Australian Financial Review. Motivation for the deal lies in the centre’s refurbishment opportunity and its positioning in a pivotal growth corridor.

Fairfield. Shopping centre for sale

The sub-regional Fairfield Forum shopping centre, on a 4282-hectare site in the Fairfield CBD s for sale. Fully leased the centre’s net income if $3.6 million annually.

Parramatta. Comments Parramatta Square

Parramatta City Council is seeking comments on a draft DCP for Parramatta Square (formerly known as Civic Place), bounded by Macquarie Street, Smith Street, Darcy Street and Church Street Mall, Parramatta. The draft DCP is a proposed amendment to the Parramatta City Centre DCP 2007. The draft DCP will guide future development and use of Parramatta Square.

Parramatta. Proposed commercial tower

Parramatta City Council is exhibiting a planning proposal for land at 220 & 222 Church Street and 48 Macquarie Street, in the Parramatta CBD, relating to the development of a commercial tower on the Macquarie Street frontage. The planning proposal is a proposed amendment to the Parramatta City Centre LEP 2007 and seeks to re-distribute and increase the maximum allowable floor space ratio to the Macquarie Street frontage. The planning proposal also seeks to rezone the land fronting Macquarie Street from B4 Mixed Use to B3 Commercial Core. The aim is to ‘unlock’ the site and enable retail and commercial development commensurate with the stature of Parramatta as Sydney’s second CBD. Current improvements to the irregular ‘L’ shape, 3684.4 square metre site include: the Greenway Plaza, (222 Church Street); a two-storey retail and commercial brick building (220 Church Street); and a three storey brick mixed use building (48 Macquarie Street).