NSW Minister for Finance and Services Dominic Perrottet today announced that the former Blood Bank Building at 4 George Street and the Justice Precinct Offices building at 160 Marsden Street Parramatta will be sold.
“The NSW Government is calling for interested parties keen to purchase one or both of the buildings in one line at the Parramatta Justice Precinct,” Minister Perrottet said.
“This is an excellent opportunity for an investor to acquire A-Grade buildings at a premier location.”
“The sale of these two buildings will enable the NSW Government to free up funds and direct them back into NSW government programs which will benefit the whole community.”
“Parramatta is the second largest CBD in Sydney and excellent access to transport networks makes it an ideal centre for employment and business.
“The NSW Government is keen to continue its presence in Sydney’s West with both sites offered for purchase with a lease back to the government for a period of up to 12 years.”
Mr Perrottet said the sales were a key part of the government’s commitment to sell non-core assets and reinvest the proceeds into important infrastructure.
“The funds released by smarter use of our assets allows us to better invest in job creating infrastructure like the WestConnex and road upgrades,” said Mr Perrottet.
“This is another example of how we are delivering for the people of Western Sydney.”
Government Property NSW (GPNSW) is managing the sale of both the buildings.
The Department of Public Prosecutions currently occupies the building at 4 George Street and various Department of Justice agencies are located within the Justice Precinct Offices building at 160 Marden Street.
Located in the western part of the Parramatta CBD the Parramatta, the Justice Precinct has a strong presence in the commercial landscape of the area.
Department of Justice operations in Parramatta will not be affected by the sale as the building is being sold on a lease back arrangement to ensure services can continue to operate as normal.
For more information about the sale of please visit www.property.nsw.gov.au.
