New Dexus tower for Parramatta

New Dexus tower for Parramatta

29 September 2017

ASX-listed property group Dexus has submitted a development application to the City of Parramatta for a 33-storey commercial tower worth more than $208 million, reports The Urban Developer.

Located on sites at 130 and 150 George Street near the Parramatta River, the new tower plaza will link Phillip Street and George Street and provide commercial office accommodation with 48,338 square metres of ground floor area, including 655 square metres of new retail space.

The Bates Smart-designed proposal includes a tower with a stepped podium, landscaped roof terraces, and new active landscaped plaza.

The George Street location is approximately a 5-10-minute walk from the civic centre and Parramatta Transport Interchange. It is also close to the Parramatta Ferry Terminal, providing excellent access to public transport and pedestrian links to the CBD’s retail and services core.

The building is expected to meet the Property Council of Australia’s A-grade commercial standards and minimum 5 Star NABERS and Green Star sustainability initiatives.

“This development will further contribute to the revitalisation of the riverside precinct and provide a high quality commercial office effectively extending the CBD to the River,” says Dexus.

Located at the geographical centre of Sydney, Parramatta is currently experiencing a building renaissance.

Current projects include the redevelopment of the Parramatta Mission and Uniting Church, a new Powerhouse Museum, several projects in the Parramatta Square precinct, a new light rail project, and more.

Earlier this month, Dexus announced that their new 15 Phillip Street building in Parramatta had “topped out” and was due for completion in March 2018.

The building will house 1,800 employees of the New South Wales Department of Education.

Ross Du Vernet, Dexus Chief Investment Officer, said the “topping out” was a significant milestone in the development of 105 Phillip Street.

“This development strongly supports Parramatta’s growth as a place to invest and to do business, while delivering a world-class, fit-for-purpose office space for our customer, the New South Wales Department of Education,” he said.