PCYC Parramatta Fetches $33 Million

The Australian Financial Review has reported that developer Toplace has acquire the Parramatta PCYC for $33 million.

The recently rezoned club at 12 Hassall Street was listed for sale towards the end of last year, with a new site already located to replace the club.

The sale makes it the second for PCYC, which is reportedly rejuvenating its property portfolio by selling ageing assets and buying newer facilities. The Burwood PCYC is also listed for sale through CBRE.