Parramatta. 20-storey office tower proceeds

CBRE has secured 17,000 square metres of precommitment allowing construction of the 20-storey Eclipse office tower to proceed on the corner of Station and Hassall streets, opposite the Commercial Hotel. Site works have commenced yet no public announcement has been made by the developers Grosvenor Australia and Leighton Properties.

$150 million office tower proposed

Joint ventue partners Grosvenor Australia and Leighton Properties plan to develop a $150 million, 14-storey, 22,500-square metre office tower, on the corner of Hassall and Station streets, opposite the Commercial Hotel and the Parramatta bus-rail interchange. Grosvenor Australia development manager, Anthony Lombardo, said in "The Australian Financial Review" that Parramatta was an attractive option for corporate and government tenants, with average prime rents now less that half those in the Sydney CBD.