(Sydney, Australia) Thursday, May 5 2016 – Parramatta’s long-awaited ‘vertical village’ has reached its highest level of construction.
Lord Mayor of Parramatta Paul Garrard together with Crown Group CEO Iwan Sunito today marked the ‘topping out’ of Parramatta’s highly-anticipated development V by Crown Group.
Positioned in the heart of Sydney’s second CBD, the landmark 29-storey tower reached its highest.
V by Crown Group will be home to hundreds of new residents and will feature Parramatta’s highest bar with sweeping 270 degree views of Sydney.
To mark the occasion, Cr Garrard and Mr Sunito placed the first hand-written notes into the official V by Crown Group Time Capsule.
More than 100 guests at a celebration event tonight will be invited to share their vision for Parramatta in 2026 on notes encapsulated in the time capsule set to remain sealed until 2026.
“We have long believed in the strength and potential of Parramatta,” Crown Group CEO Iwan Sunito said.
“This is one of the fastest growing areas of Australia and key infrastructure and construction projects here will shape the future of the entire of Greater Sydney.
“Parramatta has seen dramatic change since we began construction of V by Crown Group four years ago, and this project addresses the growing demand for high-quality apartments with resort-style facilities in Sydney’s second CBD,” Mr Sunito added.
Designed by Sydney-based Allen Jack + Cottier and Koichi Takada Architects, this 590-apartment development includes a private pool, gym, sauna, conference facilities, music room, theatrette, library, state-of-the-art archaeological showcase and rooftop sky bar; plus a boutique hotel and ground level retail-and-dining plaza.
A plaque acknowledging the time capsule will be placed on the ground floor of the 29-storey building located less than 300m from Parramatta Square; Parramatta City Council’s $2-billion redevelopment precinct; and a short walk from Parramatta train station, Parramatta Heritage Parklands and Westfield Parramatta.
Lord Mayor of Parramatta Cr Paul Garrard said: “There is a significant amount of development taking place in Parramatta with $12 billion worth of projects in the pipeline. It’s very exciting to see large projects such as this nearing completion and offering new housing to Parramatta’s ever increasing workforce and population.”
Parramatta’s population is forecast to grow 24 per cent by 2036, from a total of 190,495 to 236,864. Its property values are forecast to grow 6.7 per cent in 2016 according to Your Investment Property Magazine.
The city was also ranked number one highest-performing property market in NSW in 2015 by realestate.com.au.
Three expansive luxury penthouses occupy the two highest levels of V by Crown Group, some of the most exclusive positions in Western Sydney.
Each penthouse is set over two floors and includes three bedrooms, a study, two bathrooms, a guest powder room, open-plan kitchen, indoor-outdoor living area, two car spaces and a large balcony.
Set to open in summer 2016/17, the level-26 Sky Bar features an expansive 275sqm internal bar area, direct lift access, double height ceilings and a 90 sqm outdoor terrace with sweeping views of Parramatta’s Heritage parklands, Sydney’s CBD and Sydney Harbour Bridge.
A stunning glass wall forming a unique backdrop behind the bar service area will take advantage of the bar’s sky high position.
Crown Group Director of Sales and Marketing Roy Marcellus said Parramatta had been missing the more glamorous high-end level of apartments available at V by Crown Group.
“Dozens of high-profile companies are shifting their workforces here to Parramatta and bringing executive-level jobs traditionally located in the CBD to Parramatta,” he said.
“These executives work hard and want their home to match their lifestyle; they don’t want to settle for average apartments,” Mr Marcellus added.
Two large V-shaped columns, each standing a striking three storeys tall; highlight the entrance to the development located at 45 Macquarie Street, corner of Macquarie and Marsden streets.
V by Crown Group is scheduled for completion in 2017.
For more information call 1300 302 186 or visit www.crowngroup.com.au
Lord Mayor of Parramatta Paul Garrard and Crown Group CEO Iwan Sunito are available for a limited number of interviews on request.
Images and video are available upon request including artist impressions, launch videos and computer-animated ‘fly-through’ footage of selected Crown Group developments.
Kate Prideaux, General Manager of Communications & Public Relations
(02) 9925 0088 or 0401 863 436
Serena Zhu, Communications Executive
(02) 9925 0088 or 0429 459 510
About Crown Group
Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development, property investment and serviced apartments.
The company was co-founded by architect Mr Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.
Iwan Sunito graduated with Bachelor of Architecture (Hons) and Master of Construction 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.
In recent years Iwan received a number of awards including Indonesia’s Property & Bank Magazine Golden Leadership Award 2013, the 2013 Congress of Indonesian Diaspora Entrepreneur award and named a winner in the 2013 Ernst & Young Entrepreneur of the Year Awards. Iwan Sunito was also named Urban Taskforce Australia’s 2015 Property Person of the Year
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.
Past and recent projects
Since the company was founded 21 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 and most recently Viking by Crown, a 10-storey residential complex in Waterloo.
Today, Crown Group boasts a large portfolio of projects under development and in the pipeline and is currently developing five major projects; Infinity by Crown Group in Green Square, the 29-storey V by Crown Group in Parramatta, 20-storey Skye by Crown Group in North Sydney, the popular inner-west development Oasis by Crown Group and a 22-storey residential tower Arc by Crown Group in the heart of Sydney’s CBD.
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 seven-tower, resort-style development Top Ryde City Living.
Top Ryde City Living was also named best High-Density Development in Australia at the UDIA awards for excellence 2014 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.
Crown Group will launch a number of projects in 2016.
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