Bidding War Heats Up For Parramatta Square Centrepiece

Just two bidders remain in the fight for the rights to build two 53-storey office towers and apartment complex in Sydney’s satellite city, Parramatta.

Parramatta’s local council has narrowed the list of contenders down to the joint venture between

Charter Hall and

Leighton Properties and

Walker Corp.

According to The Australian, the building is expected to attract major tenants with Commonwealth Bank understood to be reviewing whether to take a lease at the tower.

The final stage of the bidding process has removed other contenders

Lend Lease and

Dexus Property as well as private developers

Centuria and

Dyldam.

Parramatta Square, which includes office towers and a soaring apartment complex, according to The Australian.

Charter Hall/Leighton and Walker are due to hand in their final bids next month.

The office towers are expected to span 100,000 square metres and will form the centrepiece of the $2 billion Parramatta Square project.