NSW named top spender on public infrastructure
According to Infrastructure Partnerships Australia’s (IPA) 2019 Budget Monitor, New South Wales has…
10 January 2019
One of the largest urban renewal projects in the country, the $2.7 billion Parramatta Square redevelopment will revitalise Parramatta city centre with Premium Grade office space, a multi-level retail podium and civic facilities that reflect the latest global thinking in design, productivity and amenity.
Development approval has been granted to Property mogul Lang Walker’s Walker Corporation for the final two commercial towers in the $3.2 billion Parramatta Square project in Sydney’s west. Comprising of 125,000 square metres of space, with an end value of $1.7 billion, the development is set to transform the heart of Parramatta CBD into a vibrant, cosmopolitan and commercial space, attracting people to the area to shop, dine, work and relax.
Set to become Australia’s largest office tower and to be recognised as 6 and 8 Parramatta, the two new office buildings will join The Walker Corporation’s other buildings at Parramatta Square, Towers 3 and 4.
The development will be able to take advantage of the future Parramatta Light Rail, while access to the existing train station will be made available through a new link into the square.
Parramatta Square will accommodate an expanding locality consisting of 23,000 workers, and it will see Parramatta City rival Sydney’s CBD, with a total of $8 billion to be invested city wide in buildings and infrastructure over the next four years.