Raffles Education Plans To Sell Parramatta Site For $82 Million

The commercial property market in Parramatta continues gaining strength with $757.5 million worth of sales reported in the year to March 2018. 

Terms have recently been reached on 1-3 Fitzwilliam Street at $82 million. The vendor was a subsidiary of Raffles Education Corporation Ltd, which has its headquarters in Singapore and is listed on the Singapore Exchange. Raffles Education began with one college in 1990 and now operates 22 colleges and universities across the world.

The purchaser,…