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$450M Ermington estate defies trends

A COLLABORATION between two developers is unlocking 2.3-hectares of land on the north-western reaches of Sydney Harbour and creating Sydney’s newest waterfront community.

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Sold for $7.95m

MSA Safety, a global manufacturer of safety products, has sold an 82150square-metre industrial property, at 137 Gilba Road, Girraween, for $7.95 million to a private construction company for its new NSW headquarters.

Dwelling lots

IN a deal which could be worth $400 million, Mirvac plans to deliver 1200 residential lots on a 150-hectare site, at Marsden Park North. Construction is expected to commence in four years time.

Firm in Dubbo

PENRITH-based civil contracting company, J K Williams, is developing Dubbo’s newest residential estate, which will be developed in seven stages, with a total of 40 blocks released in the first stage.

Incoming chair

THE incoming chair, of Opal Aged Care, Peter Shergold, says outsourcing social services would be more successful if private firms are given to innovate. Peter Shergold is also a director of financial services firm, AMP, and credit reporting agency, Veda Group, and Chancellor, of the University of Western Sydney.

Trade delegations

TRADE delegations will be exchanged between The Hills and the Hebei Province in China following the signing of a memorandum of understanding between The Hills Chamber of Commerce and the province

Costco proposal

BLACKTOWN City Council has forwarded the planning proposal for a Costco outlet at Marsden Park, to the Department of Planning and the Environment for approval

Best Metal buys

BEST Metal has acquired a 1310-square-metre industrial site at 46 and 48 Carlingford Road, Regents Parks, from Mascot Engineering for $1.56 million. The freestanding facility and open sealed yard area on two separate titles were sold in one line.

KNJ sells

KNJ Pty Ltd has purchased a 34730-square-metre property, at 29 Hoskins Avenue, Bankstown, to Zhi Jun $4.75 million.

Warehouse sold

JACOB Sirgani and John Sirgani have purchased a 602-square-metre warehouse, at21 Bullecourt Avenue, Milperra, from Peter Jessop, for $890,000.

Sold for $14m

AN undisclosed buyer has purchased the Padstow Park Hotel, at Padstow, from the Coles Liquor Group. A subsidiary of Wesfarmers, for about $14 million

Property sells

THE Rhodian Brotherhood has sold a property used as a club and bar, at 91 Gillies Street, Fairfield, to a private residential investor, for $1.95 million, to construct five townhouses.

Estate sold

LEASON Developments has bought a 4060-square-metre industrial estate comprising six industrial units, at 26 Kelso Road, Moorebank, $2.45 million, from Carerra Investments

Swire buys

SWIRE Cold Storage has bought a11,538-square-metre building, at Prestons, for $9.7 million from Shayne Investments.

No height limits

PARRAMATTA City Council has releases a draft planning blueprint proposing no building height limits, increasing density and an expanded CBD in an attempt to stimulate commercial development. The plan would allow some residential development in Parramatta’s commercial core provided it included commercial development,

Developers keen

DEVELOPERS see the future of the Parramatta CBD with Charter Hall. Lend Lease, DEXUS, Leighton Properties, and private developers Centuria, Dyldam and Walker Group throwing their hats in the ring for various buildings in Parramatta City Council’s $2 billion Parramatta Square redevelopment precinct. Earlier, Leighton Properties won the tender for a 14-storey tower, to accommodate the University of Western Sydney, within the precinct.

$600 million DA

BOYDED Industries, a group associated with the Heartland Holden car dealership, has lodged with Parramatta City Council a $600 million DA for a 10-storey commercial building and two residential towers of 23 and 42 storeys on one site and another 10-storey commercial building and a 31-storey mixed commercial and residential tower on a second site. A third site will contain public amenities. The proposed development is on the south-west corner of Church Street and the Great Western Highway.

Alfasi sells to council

ALFASI Property Development has sold the former Australia Post building, in Macquarie Street, in the Parramatta CBD, to Parramatta City Council for more than $19 million and will become a key component of council’s $2 billion Parramatta Square redevelopment. The post office has relocated to the corner of Macquarie and Marsden streets  

On the market

THE St George’s Terrace 965-square-metre two-storey property, on the corner of Smith and Phillip Streets, in the Parramatta CBD is on the market. It is zoned B4 mixed use, with an 80-metre height limit.

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