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Parramatta Council Buys $64m Office HQ

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City of Parramatta Council will soon have new headquarters after buying a $64-million office building near Parramatta Square.

The building was purchased from Mayrin Group who acquired it from Charter Hall for $62.6 million in 2019.

Council’s administration facilities, which will be relocated from 126 Church Street to 9 Wentworth Street in 2023, will occupy part of the building with the remainder being leased.

The seven-storey building has 7,650 square metres of office space, a 5-star Nabers rating and basement parking.

City of Parramatta lord mayor Bob Dwyer said the building was strategically located near the $2.7-billion Parramatta Square and soon-to-come Parramatta light rail route.

A small, seven-storey, orange and black, office building in the middle of Parramatta which has a rail line and towering skyscrapers.
▲The building is located in the midst of major projects such as Parramatta Square, Powerhouse Parramatta, Sydney Metro West and the Parramatta Light Rail.


“Parramatta boasts some of the best commercial office space in the country, and the CBD is already a key centre for a range of leading corporations, along with numerous state and federal government departments,” Dwyer said.

“It is important to us that council continues to be part of this great mix.”

City of Parramatta chief executive Brett Newman said the acquisition was a strategic investment in the future of our community and the delivery of council services.

“It allows us to eliminate our existing rental obligations and take advantage of the capital appreciation that will come with owning our own building,” Newman said.

“As is the case across many workplaces, the pandemic has changed the way we work and the new building will offer a mixture of activity-based and flexible-working environments to improve staff communication, collaboration and interaction.”

Council’s corporate services, customer contact centre, and councillor and lord mayor’s offices would be relocated to the building.

Mayrin has a series of projects around Sydney including the $42-million Park View tower in Parramatta and its $180-million Verset project in Rouse Hill.

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Article originally posted at: https://www.theurbandeveloper.com/articles/parramatta-council-buys-64m-wentworth-hq