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!
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.
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.
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
True, they do have this one too. I believe work on this will start soon. No Cookies | Daily Telegraph Viaggio
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.
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
