TOWER NEAR TOWERS
QUEENSLAND Investment Corporation proposes to build a 22-storey residential tower above its Castle Towers Shopping Centre as part of the centre’s $900 million redevelopment. The centre has a gross floor area of 138,575 square metres and an annual turnover of $670 million.
OFFICE BUILDING BOUGHT
PITT Street Real Estate Partners has bought a 7124-square-metre office building City View Estate in Pennant Hills for $25 million. The group, a subsidiary of Washington H. Soul Pattinson, bought a neighbouring office block, for over $40 million last year enabling it to hold over 1.15 hectares close to Pennant Hills Station.
300 CONSTRUCTION JOBS
THE former federal government’s quarantine station at Eastern Creek will be transformed in a state-of-the-art 22-hectare, $220 million industrial estate with over 120,000 square metres of floor space. The Calibre Estate project, in Wallgrove Road, could generate approximately 300 construction jobs and has the potential to employ 700 full time employees once operational.
SAFARI EXPERIENCE AT ZOO
ABOUT 500 animals at the proposed $36 million Sydney Zoo, to be built within the Western Sydney Parklands, are expected to attract some 800,000 visitors annually to the 16.5-hectare site when it opens in 2017. It promises to give them a “safari” experience.
Featured
FAST RAIL OPINION
Airport rail must connect the West
By Penrith Mayor Cr Karen McKeown
LAST Friday Parramatta Council and the Sydney Business Chamber will unveil plans for a new fast rail connection between Sydney, Parramatta and Badgerys Creek Airport.
PRETTY GIRL LEASES
PRETTY Girl Fashion Group, a privately owned retail fashion business located at Tempe, has leased a 3884-square-metre site, at 126 Jedda Road, Prestons, from the Melbourne Factory discount group, for 5 years, at $125 a square metre.
CHARTER'S A-GRADE ACQUISITION
CHARTER Hall Group has acquired the development rights for the A Grade building currently being built on the corner of Smith and Macquarie streets, in the Parramatta CBD. IT is 100 per cent pre-leased to Western Sydney University for 15 years and will be home to more than 10,000 students in the first semester 2017. It will have an end value of $220 million.
