Parramatta Square Case Study
Walker Corporation Level 21, Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000 walkercorp.com.au
Parramatta Square; Nucleus of the central river city Parramatta Square will be poised to take advantage of everything a Metropolis of Three Cities has to offer under the vision of the Greater Sydney Commission. This polycentric approach to place making will be the determining factor in enabling Greater Sydney to reach its full potential. A critical component of the Central River City, Walker will deliver at Parramatta Square up to 240,000 m2 of mixed use floor space, over a 3-hectare prime location in the epicentre of Parramatta. Parramatta Square has been thoughtfully designed by award winning architects Johnson Pilton Walker, with a clear focus on pioneering contemporary, modern and flexible workspace which incorporates open plan and collaborative areas. With large open floor plates, the design provides opportunity for staff amenity and facilities, project hub spaces and meeting rooms.
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An economic powerhouse Parramatta Square sits within Australia's third largest economy
1st Sydney 2nd Melbourne 3rd Western Sydney While Parramatta has risen to third spot on the list of Australian economies by size, the pace of growth and development in the city is predicted to maintain that trajectory. A combination of private development and public investment, spread across residential, commercial and mixed use asset classes, is providing a strong foundation for continued economic momentum.
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6&8
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3 Parramatta Square NAB Sophisticated corporations like NAB were fully aware that in order to de-risk delivery in an environment where most developers and landlord’s pass risk through, a controlling position could have been the safer option.
43,000sqm committed by National Australia Bank as the sole tenant of 3 Parramatta Square. NAB did not approach the market like a traditional corporate given their covenant strength and size meant they had the ability to procure a number of alternative occupancy methods.
NAB understood delivery and continuous occupation risk would not be passed on to them and they were infact in a controling position with significant risk mitigating mechanisms in place with Walker.
On face value, most corporate tenants view a leasing transaction as the lowest risk solution when compared to alternate financing and delivery methods.
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4 Parramatta Square Property NSW 65,000sqm committed by Property NSW as the sole tenant of 4 Parramatta Square. Walker worked with Property NSW in achieving what is their largest government multi-agency pre-commitment in Sydney to date. Consolidating into 4 Parramatta Square is the Department of Planning and Environment, Department of Finance, Services & Innovation and Department of Industry.
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6 & 8 Parramatta Square
Externally a captivating façade, whilst internally 6 Parramatta Square offers a highly engaged floor plate with many atrium configurations allowing for a diverse and functional workplace without compromising amenity.
6&8 Parramatta Square will complete what is one of the largest urban renewal projects in the country. Together, they will provide upto 120,000 m2 of net lettable area over floorplates reaching 3,000 m2.
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6 Parramatta Square
The Sky Tower, a modern-day masterpiece will provide unrivalled views ranging from the Eastern CBD to the Blue Mountains over highly efficient floor plates.
With the main address off Darcy St, the grand Campus Lobby is approachable from many directions, with both levels of the lobby enjoying panoramic views over the Square.
State of the art design allows for a high performing workplace of the future, where forward thinking organisations capitalise on the latest workplace practises.
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David Gallant +61 2 8273 9614 David.Gallant@walkercorp.com.au Walker Corporation Level 21, Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000
walkercorp.com.au