Tall & Urban News

The GPT Group is planning two towers of 60 and 35 levels as part of an office precinct in Parramatta after securing four properties and amalgamating the site.

The properties at 81 George Street, 83 George Street, 1 Barrack Lane and the heritage stables at 2/85 George Street were reportedly purchased for $90 million and will form a precinct with an end value at AU$1.6 billion (US$1.1 billion).

This adds to the group’s AU$75-million (US$53-million) holdings at 87-91 George Street and the heritage-listed Perth House which it purchased in 2021.

For more on this story, go to The Urban Developer.