Dyldam buys Parklea Markets site in Sydney for mixed-use development

Dyldam buys Parklea Markets site in Sydney for mixed-use development
Dyldam buys Parklea Markets site in Sydney for mixed-use development

Property developer Dyldam has purchased another North-West Sydney site, this time Parklea Markets in Parklea. 

At 21.6 hectares, the Parklea Markets site includes Australia’s largest indoor market and its surrounding carpark area, a main road service centre, a free-standing residence and vacant land.

The site has significant frontages on both Sunnyholt Road (861m) and Old Windsor Road (244m) and is located in North-West Sydney’s key growth corridors.

Just 12 km from Parramatta’s CBD and 30 km from the Sydney CBD,

The site benefits from proximity to transport, with both the Westlink M7 and M2 Motorways are located south of the site. It is near the proposed Bella Vista Train Station and adjacent to the proposed Sydney Metro northwest rail link

Existing tenancies, in addition to Parklea Markets, include the Service Centre - a Caltex Woolworths service station with convenience store, along with Outback Steakhouse restaurant, Hungry Jacks food outlet and a car wash. In addition, the markets will continue to operate 'business as usual' under existing management for the next 3-5 years.

Dyldam will then look to invite existing tenants to participate in the vibrant commercial mix at the new development.

Dyldam intends to spend the next few years in planning proposal stage to ensure a world-class mixed use development worthy of the iconic site.

“We are looking forward to working closely with Blacktown Council and the relevant authorities to bring this significant landmark site to its full potential. We plan to create a vibrant mixed use precinct of commercial, retail and residential that will promote positive social and economic outcomes for North-West Sydney” stated Sam Fayad, managing director of Dyldam.

The acquisition of the Parklea Markets site complements Dyldam’s existing land bank portfolio which includes the Bull n Bush Hotel site, the former Bonds Spinning Mills in Pendle Hill, both Samantha Riley and Balmoral Road sites in Kellyville and key Parramatta sites Auto Alley and the former Cumberland Newspaper site at 142 Macquarie Street.

 

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Sydney Development Site

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