Free Newsletter

e-mail address:

Crown International Pays Becton $15 Million For Parramatta Development Site

PDF Print E-mail
Written by Marc Pallisco   
Tuesday, 14 July 2009 10:06

CROWN International has paid Becton about $A15 million for a major development site in the Sydney transit city of Parramatta.

The 45 Macquarie Street development site includes two heritage buildings which will be retained, and an approval for a 40,000 square metre commercial building. However Crown said its purchase is subject to approval of a revised application, that would also include residential and retail space.

The Crown International purchase comes months after Crown completed Gallery, a $120 million, 246-apartment project building on Cowper Street.

Peter Karam and Anthony Khoury of Khoury & Partners marketed the 45 Macquarie Street site.