Tuesday, 16 October 2012

Ermington.Approval for $52.8 million project

Defence Housing Australia has been given the go-ahead for a $52.8 million development on the foreshore of the Parramatta River, at Ermington. It will feature 450 homes on a 16-hectare site.

Parramatta. $17.3 million for vacant site

Merfad Capital has paid Eureka Funds Management $17.3 million for a vacant site, at 111 George Street, in the Parramatta CBD. The site has approval for 265 apartments in twin 19-storey towers. The initial approval was for a 19-storey commercial building.

Parramatta. Property for sale

A partially occupied property on the high-profile corner of Church and Parkes streets is for sale. All leases expire after March 2015. A proposed development of 386 apartments has been prepared on the 4778-square-metre site.

Wentworthville. Bonds factory sold

Pacific Brands has sold its eight-hectare Bonds factory in Wentworthville for $27.5 million, which has the potential for up to 600 townhouses and apartments, subject to approval.