Parramatta

Australian office vacancies have edged higher as COVID-19 has reduced demand for office space at the same time that significant new supply has entered the market over the six months to January 2021.

The Australian arm of the US based CostCo are preparing plans to expand its Auburn store with the purchase this week of an adjoining property.

A fully leased A Grade office building in Parramatta has sold for $73.97m.

Australian Unity Office Fund announced that all nine assets in the portfolio are in the final stages of being externally valued as at 31 December 2020.

Corval and JV partner Terraform Capital have lodged a Concept DA for the Octagon building at 110 George Street Parramatta.

The GPT Group last week celebrated a major milestone in the topping out of its 26,500 square metre office building at 32 Smith Street.

Local investor, Stanley Xue has paid $40 million for a B grade building in Wentworth Street Parramatta.

Charter Hall and Western Sydney University have won approval for the first stages of their $350m Innovation Quarter precinct at Westmead.

Unperturbed by the mid term impacts from COVID19, GPT has paid $75m for its next development site in Parramatta.

Australian Unity Office Fund has booked a $16m uplift following Sydney Central City Planning Panel approval of Parramatta DA.

Statewide Planning have sold a 276 unit approved development site in Charles Street for $82.5m

Longbow Enterprises has sold a part interest in 110 George Street, Parramatta to RF Corval

A 2 storey building on the corner of Church Street and Phillip Street Parramatta has sold to a chinese investor for $15.6m.

Stockland have sold off a 1.2ha parcel of land adjacent to Stockland Merrylands for $41m.

Growthpoint has entered into a new 25-year lease with the NSW Police and will spend $44m to enhance the asset.