Parramatta Square Tower Secures Anchor Tenant

The heart of Sydney’s second CBD, Parramatta Square, has secured Property NSW as an anchor tenant for the iconic tower. The NSW Government has agreed to a lease up to 43,800 square metres of office space, with a 12-year term and two further five-year options.

Developed by Walker Corporation and designed by architectural firm Johnson Pilton Walker (JPW), Towers 6 and 8 will stand 233 metres tall, providing unrivaled views ranging from Sydney’s Eastern CBD to the Blue Mountains. With three-hectares of land featuring office space, retail tenancies, restaurants, bars, cafes, and public spaces, the 2.7 billion Paramatta project is one of the largest urban renewal projects in Australia. Designed to accommodate the dreams of a growing city, Parramatta Square will feature four major towers.

Towers 3 and 4 are fully pre-committed, with tenants including National Australia Bank and the NSW government secured in an earlier tender. Towers 6 and 8 are now 75 percent pre-leased.

“We expect to experience a strong flow of pre-leases off the back of the two anchor tenants signing long-term leases in the project, which is one of the largest urban renewal projects in the country and will see Parramatta city rival Sydney’s CBD in terms of amenity and high-quality commercial space”, Mr. Walker said.

Upon completion, the towers will provide a workplace for 23,500 people as well as boasting public spaces to be enjoyed by everyone.

Tower 4 is expected to be completed in November 2019, with the whole project due for completion in 2022.

Photos care of  Johnson Pilton Walker.

 

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