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Anglican Church expands footprint

People & Companies / Latest News

Australia

Feb 03 2017

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Carolyn Cummins, The Sydney Morning Herald

In order to combine its Sydney properties at Telopea and Dundas, the Anglican Church has acquired a Rydalmere industrial site for $8.25 million. The 5000 square metre site  at 32 South Street will be developed as the new church for the Parramatta LGA parish, serving several surrounding western Sydney suburbs.  

To fund the acquisition, CBRE's capital markets team of Peter Vines, Alex Mirzaian​ and Tom Sheridan was engaged to negotiate the sale of the church's Dundas and Telopea sites. The Dundas Anglican Church, metres from the station at 79 Kissing Point Road, sold for $7.6 million to an Asian investor/developer, a record result for the area.

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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