Thursday, 9 February 2012

Region. Projects worth $1 billion

Residential Developer, Crown International Holdings Group, is building approximately $1 billion of apartments in the next two years in Parramatta, Rhodes and above the Top Ryde City shopping centre The company has received DA approval for a 25-storey mixed-use, residential, commercial and ground floor retail precinct, at 45 Macquarie Street, in the Parramatta CBD.

The approval was for the development of 370 apartments, 3000 square metres of commercial floor space, 1500 square metres of ground floor retail space. Construction is expected in early 2012. Estimated end value: $300 million. Crown Group acquired the site in July 2009 from Becton Property Group for $15 million.



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