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15Mar2015

CONSTRUCTION COMMENCED AT PROMENADE, PARRAMATTA

The wait is over, following the appointment of Probuild as the builders for Promenade in Parramatta, construction has commenced on Stage 1 of Promenade with completion expected in mid-2016. All foundation works have now been completed, with cranes and cement mixing trucks busy on the site the builders are currently pouring concrete on the 1st floor slab.

Starryland appointed the multi-award winning builder, Probuild who are an established construction company with huge experience and a reputation for building high quality developments. Probuild have grown to become one of Australia’s largest and most successful construction companies. With more than 1,100 employees they are a national company with significant ongoing projects in Western Australia, Victoria, Queensland and New South Wales

“We are thrilled with the appointment of Probuild and look forward to working with them on this exciting project. They are a well-established company with a huge number of successes behind them, demonstrating their ability and experience in the building industry,” said Hao Liu, Director of Starryland.

“With the commencement of construction we are now able to envisage what a significant impact Promenade will have in creating a vibrant new riverside precinct for the city.  It also represents a significant vote of confidence in Parramatta and Western Sydney by a leading Chinese real estate company.”

Promenade is located in Morton Street, Parramatta and will eventually comprise 774 apartments across 11 buildings, ranging from three to 12 storeys.  Occupying a five-hectare site in Morton Street, Parramatta, there will also be 1.2-hectares of landscaped foreshore open space, a proposed pedestrian bridge across the river and an extensive walking and cycling network.

Promenade is being developed by Starryland Australia, the local arm of the publicly-listed Chinese real estate company, Fuxing Huiyu Real Estate Company Ltd, which is one of China’s largest developers and develops more than one million square metres of property per year in China. The Promenade project is its first foray into the Sydney market.

“Promenade has met with outstanding sales success, with the majority of the 124 apartments in the first release in May 2014 selling in just hours.” Said Ged Rockliff, Head of Savills Residential Projects. The third building in Stage 1 of Promenade was released in August 2014, comprising of 153 apartments, and 115 apartments were sold on the launch weekend.

“Promenade is a landmark development for Western Sydney and has established our developer credentials in Australia,” said James Swete, the Sales and Marketing Director for Starryland Australia. “The resort-style living at Promenade will offer an active outdoors lifestyle in a beautiful location on the riverbank that is well connected to the Parramatta CBD and in close proximity to quality schools, universities and hospitals.”

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