Information Pack
Management Networking Forum
Wednesday 24 April 2013 | 12:00 – 2:00pm
event supporter & host Parramatta
Phoenix Chinese Restaurant
speakers Parramatta Lord Mayor, Councillor John Chedid
Scott Gregg, Property Development Director, Parramatta City Council
special address Development of Parramatta Square
Parramatta Square
Parramatta Square will deliver a scale and standard of redevelopment previously unseen in
this area. Ushering in an exciting new future for Australia's sixth largest CBD, this significant
hub readies the historic Parramatta for its prosperous and successful future.
This precinct, occupying three hectares of inner city real estate, will be the focal point for
business and community. Parramatta Square will ultimately accommodate up to 13,000
workers and cement the city's role as the gateway to tomorrow
The first landmark building to occupy Parramatta Square will be 169 Macquarie Street.
When completed the building will offer over 24,200 sqm of net leasable space across 15
commercial floors, including ground level retail spaces.
169 Macquarie Street is expected to set new environmental and quality standards in
Parramatta and beyond. As well as its Five-Star Green Star rating, this 'smart building'
qualifies for five stars in the National Australian Built Environment Rating System (NABERS)
and meets the A-grade standard for services, as dictated by the Property Council of
Australia.
The development application was lodged in February 2013 and expressions of interest for
the sale of the site are being accepted until 21 March, 2013 with CBRE. Colliers are
currently engaged in securing a tenant for this prestigious development.
Parramatta reaches new heights with iconic Aspire Tower
Parramatta City Council has lodged a development application with the Joint Regional
Planning Panel for the tallest residential tower in the Southern Hemisphere a 90-storey
development on 160-182 Church Street, Parramatta.
At its pinnacle, the Aspire Tower will reach a maximum
height of 336 metres and will feature the tallest publiclyaccessible viewing platform and experience centre in
the Southern Hemisphere.
Lord Mayor of Parramatta, Cr John Chedid said the
Aspire Tower is one of the first developments of
Parramatta City Councils Parramatta Square, a
landmark development precinct set across threehectares of Council-owned space and real estate in the heart of the Parramatta CBD.
"The Aspire Tower is about providing Sydney’s premier regional city with an iconic,
innovative development that people will instantly recognise. Sydney City has the Opera
House, Parramatta will have Aspire," Cr Chedid said.
"The development includes 700 apartments, retail space in the lower levels and a 150-room
hotel, which will bring urban vitality to that part of Church Street Mall. Further, the viewing
platform is set to give people some of the most spectacular views over Sydney."
The Aspire Tower development will incorporate a vibrant public domain, bars and retail as
well as a spectacular public function space.
"Aspire Tower on Parramatta Square is a very rare opportunity to invest in and construct a
viable and vital piece of city. The project has the ability to be transformative of its place and
of the standards that can be achieved within models of affordable urban intensification.
Because it is there, everything else around it will become more viable, more valuable and
more amenable. The Aspire Tower will enable a tangible long-term public benefit for
Parramatta," Mr Cortese said.
Parramatta
Parramatta is the geographical centre of Sydney, 24km from the Sydney CBD and the only
Sydney centre with a true 360 degree catchment.
Located at the western arm of the Global Arc (high value economic corridor of industry,
wealth and knowledge jobs) making it the conduit between Sydney's most significant
concentration of economic assets and the large and increasingly skilled work force of
Western Sydney.
Parramatta's centrality makes it the top ranking destination for employees leaving the Hills
area for work. It is well positioned to become the central hub of an expanded Sydney
transport network.
Parramatta has a diverse economic base with strong growth in Health, Finance/Insurance
and Government sectors and in the sought-after Professional/ Scientific/Technical sector. It
is the second largest work destination in Sydney employing an estimated 120,000 people in
2011. GRP increased 1.4% to $14.8B in 2010/2011, while labour productivity of $62.92/hour
was higher than all major urban economies in Australia except Perth as shown in a recent
study for Parramatta Council.
Parramatta's population is growing at 3% p.a the 2nd fastest in NSW, three years younger
on average than NSW. 30% of residents have a degree, higher than Metro Sydney (27.7%)
additionally the links to our future major trading partners of China and India are growing.
Overseas-born Chinese residents make up 8.1% of pop (Syd 2.0%) and overseas-born
Indian residents make up 6.8% of pop (Syd 3.4%) positioning Parramatta well for the future.
A learning city, UWS’s Parramatta campus will grow to 30,000 students inside 20 years.
UNE is opening a CBD Future Campus and it is the location of the University of Sydney’s
largest faculty outside its Broadway campus. Westmead is also home to four world class
medical research institutes housing 900 PhD students.