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Council approves $230 million-plus office tower in Parramatta

People & Companies / Latest News

Australia / Sydney

Mar 12 2018

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An office tower worth more than $230 million will be developed at Parramatta in Sydney’s west, following approval for GPT Group to begin construction. 

This follows the City of Parramatta Council’s decision to award architecture firm Fender Katsalidis the rights to design the building. 

The 26,000 square metre tower at 32 Smith Street will include a so-called Urban Room for events, along with an elevated podium terrace facing the Parramatta river. 

The project is one of $10 billion worth of new developments taking place at Parramatta, with Lang Walker, Charter Hall and Dexus also developing towers in the the area. 

The Parramatta area’s appeal has experienced a recent surge, with vacancy rates falling from 4.3 per cent to 3 per cent in the six months to January 2018, compared to 4.6 per cent in the Sydney CBD. 


SOURCE: The Sydney Morning Herald


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