Thursday, 9 June 2011

Top Ryde. Company secures fiancne

Developer, Iwan Sunito’s Crown International Holdings has secured finance to build 500 apartments above the Top Ryde shopping centre, with Commonwealth Bank to fund 100 per cent of the construction costs for the $500 million development, according to The Australian Financial Review. The company has a $1.5 billion pipeline over the next five years including an apartment project in the Parramatta CBD. The project is a 26-storey mixed use development comprising 339 residential units, 1903 square metres of retail space, 5488 square metres of commercial space and six levels of basement parking for 506 vehicles. The building to be known as Macquarie Place, is on a 4879-square-metre site on the corner of Macquarie, Marsden and Hunter streets. The cost of construction is expected to be $200 million.



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