FORTIUS SELLS KPMG BUILDING
FORTIUS Funds Management has sold a 5,704-square-metre, 8-level office building, on the corner of Phillip and Smith streets, in the Parramatta CBD, in an off-market deal for $30 million to Capital Funds. The company bought the building in 2013 for $15.8 million. The building is 95 per cent leased, with KPMG having signage rights.
WESTFIELD PARRAMATTA TO EXPAND
WESTFIELD Parramatta the Centre Group’s ninth biggest shopping centre in Australia, with 490 retailers spread out across more than 130,000 square metres, attracting 29 million customer visits annually. The company plans to add another retail level of 31,500 square metres plus increasing space in the adjoining office tower by up to 70,000 square metres.
JOHN COOTES WAREHOUSE
Business surges ahead despite devastating fire
By Keiasha Naidoo
ONE of the longest running furniture businesses in Western Sydney, John Cootes, will continue with its growth strategy despite a massive fire that destroyed the company’s warehouse in Yennora.
