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Parramatta office market keeps ahead of CBD

Parramatta 8 Phillip Street News
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Parramatta has kept its high level of office occupancy as developers and tenants head west to garner more space at a less expensive rate than the Sydney CBD.

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“In the medium and longer term, the future is bright for Western Sydney, as corporate organisations better appreciate the considerable benefits offered by the quality stock coming online and the vastly improved lifestyle amenity,” he said.

On the residential and hotel front, Coronation Property has started construction on it 55-storey mixed use site at 8 Phillip Street with 314 apartments.

Designed by Woods Bagot, the building will be a “twisting rhomboid design and mesh-embedded glass cladding” a first for Western Sydney.

Beneath the 35 storeys of apartments, the building will include a 250-room QT Hotel over 18 storeys, complete with a signature restaurant, multiple meeting and event spaces and a grand ballroom.

Managing director of Coronation Property Joe Nahas said the project will add another level of sophistication to the Parramatta landscape.

“At 8 Phillip Street, we’re deeply committed to delivering world-class architecture and creating homes that the entire community will love,” Mr Nahas said.

Article originally published in The Sydney Morning Herald August 15, 2020.