PRESS BLOG BANNERS_Media Release-2
Feb
28
2014

CROWN GROUP RELOCATES HEAD OFFICE TO THE HEART OF THE CITY

Friday, February 28, 2014, Crown Group has today announced the relocation of its head office to the Sydney CBD, as part of its continued expansion.

After many years of strong growth, Sydney-based property developer Crown Group will relocate its head office from 68 Alfred Street Milsons Point to 1 Market Street, Sydney by May 2014.

Crown Group CEO Iwan Sunito made the announcement today and went on to reveal Crown Group’s Milsons Point head office was available for lease or sale.

Since it was founded in 1996, the company has expanded to more than 130 employees, across five locations.

“I’m pleased to announce after many years of solid growth, Crown Group will soon relocate its head office to Sydney’s CBD, a move in line with Crown Group’s vision for the next decade to continue to expand our operations in Australia and overseas and our expansion into funds management and serviced apartments,”

“Crown Group’s new 1 Market Street head office is located in the heart of Sydney’s thriving financial and business district and close to our coming Clarence Street development, Sydney by Crown,”

“The CBD relocation is a natural progression for Crown Group,” Mr Sunito said.

After 18 years of growth, Crown Group today has a development pipeline of projects worth more than $3 billion.

The company currently has four major projects under construction in Sydney, at Parramatta, Waterloo, Top Ryde and North Sydney.

The new CBD location will be in close proximity to Crown Group’s upcoming Clarence Street development Sydney by Crown, to be launched in mid-2014, which – along with V by Crown in Parramatta, to be completed in 2016 – is planned to include a component of serviced apartments.

Designed by Sydney-based Koichi Takada Architects, the 24-storey Sydney by Crown is located at 161-165 Clarence Street and features heritage-inspired archways on lower levels transitioning to a modern glass-and-steel tower.

Crown Group General Manager – Developments Pierre Abrahamse said the new CBD location at Level 29, 1 Market Street was an important move for the expanding company.

“The 1 Market Street head office provides more space for Crown Group’s growing team of staff,”

“The new office will be an excellent base for Crown Group’s development, finance, admin, marketing and construction teams,” Mr Abrahamse said.

CEO Mr Sunito said the Milsons Point head office had served Crown Group well for many years, however the time was right for the growing company to relocate.

“The decision to relocate was made after much thought and with mixed feelings, as we’ve marked and celebrated a number of important company milestones during our time based in Milsons Point. We will leave with some sadness, however we are excited to move ahead towards what we see as a natural progression for Crown Group,” Mr Sunito said.

Crown Group’s 360 sq m top floor office space at level 11, 68 Alfred Street Milsons Point is available for sale or lease.

It features state-of-the-art conference rooms/meeting rooms, executive offices and harbour views north and south.

Ben Kirby, Senior Executive, Investment Sales, Colliers International said the newly-listed top floor office at Alfred Street offered a number of advantages to businesses looking for a new space.

“It is rare to see a commercial strata property of this quality. The penthouse floor at 68 Alfred Street is an incredible opportunity for a business to secure a rare whole floor office in sought after Milsons Point,” Mr Kirby said.

“The signage opportunities on the front of the building will allow a company to establish their own corporate identity, while the flexible floor-plan will allow for long term growth.”

Milsons Point is home to Sydney’s famous Luna Park, Bradfield Park and boasts exceptional public transport links including a train station, two ferry wharves and bus stops and a selection of restaurants, bars, cafes and retail stores.

The penthouse office space enjoys a prominent signage position on the building’s Alfred Street façade.

For sales or leasing enquiries contact:

Ben Kirby, Colliers International

Ph: 0405 770 075

For media enquiries contact:

Kate Prideaux, Communications Manager, Crown Group

(02) 9925 0088 or 0401 863 436

kateprideaux@crowngroup.com.au

About Crown Group

Crown International Holdings Group (Crown Group) is a leading Australian property group, active in property development and property investment in Sydney.

The company was co-founded by architect Mr Iwan Sunito and engineer Mr Paul Sathio in 1996.

Iwan Sunito graduated with Bachelor of Architecture (Hons) and Master of Construction of Management from University of NSW. In 1993 Iwan became a Registered Architect in NSW and was awarded the UNSW Eric Daniels award for excellence in residential design.

Paul Sathio graduated with a Bachelor degree in Civil Engineering from University of Technology Sydney (UTS) and a Masters of Engineering Science from University of NSW. Paul has more than two decades’ experience in the construction and development industry.

Crown Group was recently awarded the Urban Development Institute of Australia (UDIA) NSW President’s award – considered one of the highest property development accolades in Australia – for its resort-style development Top Ryde City Living.

Top Ryde City Living was also named best High-Density Development in NSW and ACT at the UDIA NSW awards for excellence 2013 and a Master Builders Association Excellence in Housing award 2013.

Crown Group’s innovative, waterfront development Sanctum by Crown was awarded a Master Builders Association Excellence in Housing award 2012 and its hugely-successful ICON at Homebush was awarded HIA’s (Housing Industry Association) CSR Housing Awards 2007 Apartment Project of the Year.

Since the company was founded 17 years ago, Crown Group has successfully completed major developments in Sydney’s best locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes.

Today, Crown Group boasts a $3 billion portfolio of projects under development and in the pipeline and is currently developing four major projects, Top Ryde City Living, a seven-tower development in Top Ryde, Viking by Crown, a 10-storey residential complex in Waterloo, V by Crown, a 29-storey residential tower in Parramatta and Skye by Crown a 20-storey development in North Sydney launched in June 2013.

Crown Group opened a sales office in Jakarta, Indonesia in 2013.

Crown group launched Viva by Crown, the final stage of Top Ryde City Living in August and will launch Sydney by Crown in the heart of Sydney’s CBD in 2014.

www.crowngroup.com.au

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