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Parklea markets

Discussion in 'General Property Chat' started by The_good_life, 5th Apr, 2016.

  1. The_good_life

    The_good_life Active Member

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    Has been on the market for a while.

    Parklea Markets sold to developers

    So who is surprised Dyldam bought it? Also, what does this potentially mean for a slower Sydney market ??

    There is a lot of development everywhere in Sydney but definitely HEAPS out this way.

    The next couple of years will be interesting!
     
  2. Nick Valsamis

    Nick Valsamis Well-Known Member

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    I don't think it means much because it could be 5+ years away before anything happens, so in that time the market would have changed.
     
  3. euro73

    euro73 Well-Known Member Business Member

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    Dyldam have a lot of mid sized- large projects on the go at the moment. They'll probably just be pouring some of the profits from Merrylands, Northmead, Baulkham Hills, Parramatta, Rosehill and Carlingford ( those are the ones I know of- there are possibly others) , into a site like this and biding their time.
     
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    The site has a very restictive zoning over the majority of the holding - council (from what I have ascertained aren't interested in rezoning).

    There's a strip behind the Outback Steakhouse which is retail but the rest is useless without the appropriate zoning
     
  5. The_good_life

    The_good_life Active Member

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    True, they do have this one too. I believe work on this will start soon.

    No Cookies | Daily Telegraph

    Viaggio
     
  6. Chilliblue

    Chilliblue Well-Known Member

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    True but with our current very pro development State Government, anything could change.
     
  7. twobobsworth

    twobobsworth Well-Known Member

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    Less than a 10 minuted walk to the new station, the area will be rezoned without a doubt.
     
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  8. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    good old Dildo's does it again !
     
  9. York

    York Finance Broker Business Member

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    I am thinking along the same lines as @Chilliblue and @twobobsworth. A company that of that magnitude doesn't buy just any piece of land without being fairly confident of a rezone or at least utilizing the land to maximum efficiency from a business perspective. If they can demonstate to council their purpose brings a benefit to the local area, they will have a strong case.
     
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  10. Pixie

    Pixie Active Member

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    Vic & NSW
    Shame to see it get sold.. I get my grocery shopping done there.. I rather pay the stall holders for vege than going to woolies or colea
     
  11. Sashatheman

    Sashatheman Well-Known Member

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    The place was run-down, i won't miss it.