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.


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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.