NSW Transport Department Spents $48.5 Million on Epping Office Asset Which it Will Demolish
The government expects to spend about $360 million in the next financial year of which $189 million is for land.
Two months ago the department paid ISPT more than $50 million for its Home Bella Vista shopping centre which is also set to be demolished to make way for the start of a four kilometre “skytrain”.
The government also paid FKP Property Group and Mulpha $23.95 million for a vacant land parcel in Kellyville.
Another site in Brookhollw Avenue, Baulkham Hills cost the government $1.8 million, according to the AFR which reported the Abacus sale. Another property in Castle Hill cost the government $5.96 million. Another $5 million was spent on two sites in Rouse Hill and Schofields.
Site establishment works at Epping are expected to start next year.
