Friday, 18 April 2014

Around Town

Hold on Epping’s future
Parramatta Lord Mayor, John Chedid, said there was little point having a poll on whether Epping should be under the jurisdiction of one council rather than two, Parramatta or Hornsby. Clr said the issue should wait until the state government’s current review of local government in NSW was finished.
Sold for $41.1 million
Hatch Pty Ltd has sold a 3547-square-metre property, at 154 Silverwater Road, to a private investor, for $4.1 million.
Industrial team boost
Toby Anderson has joined Savills’ Parramatta office, expanding its industrial team. He was previously with Jones Lang LaSalle.
40 per cent A grade
Parramatta CBD had 685,878 square metres of office stock at December 2013. Approximately 40 per cent of the stock was A Grade, with B, C and D Grade space comprising approximately 60 per cent of the market, according to a Savills report.
$28.75 million for building
Marshall Property has acquired a 7127-square-metre office building at 93 George Street, Parramatta for $28.75 million from Quintessential Equity. The NSW government has signed a new 5-year lease in the property, providing a net income of $2.7 million. The property previously sold in December 2009 for $18.5 million.
$2 million for park
NSW Environment Minister, Robyn Parker, said $2 million funding would be spent on construction of a hard staging area giving The Crescent, in Parramatta Park, the necessary infrastructure to host large outdoor events.
Promotion for Eat Street
In an effort to support the restaurants in the Eat Street precinct in Church Street from dust and other inconveniences during the nearby construction of the two-tower Meriton Apartments and the proposed Lennox Car Park project, council will consider undertaking a comprehensive promotion of the area.
Upgrade of open space

Parramatta City Council has prepared a draft masterplan for the 4.4-hectare Robin Thomas Reserve and James Reserve, the most significant open space, at the eastern end of the CBD, to cater to the increasing number of city workers and current and proposed residents of nearby high-density developments.