Monday, 4 August 2014

Enterprise House sold for $29 million

Raffles Assets Australia has purchased the six-storey Enterprise House, office building, in the Parramatta CBD, for $29 million

The company, a subsidiary of Singapore-based Raffles Education Corporation, has entered into a contract for the sale of land to acquire the land and building located at 1-3 Fitzwilliam Street, opposite the Parramatta train station.

The property will primarily be developed as a permanent campus for the company’s
college in Sydney, Raffles College of Design and Commerce, the company said in a.
statement to the ASX.

The 2049-square-metre has a net lettable area of 9782 square metres, with 103 parking lots.


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