The City of Parramatta has approved GPT Group’s ‘northern gateway’ to Parramatta, taking less than three months to approve the $230 million commercial tower.

The property fund manager originally lodged their development application in late 2017 with the intention of redeveloping a collection of existing structures at 93-95 Phillip Street and 32 Smith Street into one super site.

The approved development at 32 Smith Street will deliver 26,000sq m of much-needed commercial space as infrastructure investment, strong population growth and improved amenity in western Sydney fuels demand for office and commercial space in Parramatta.

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“All of these factors will reinforce the Parramatta CBD as the geographic heart of commercial activity in Sydney and make it an even more compelling location for major corporate tenants,” GPT’s head of office and logistics Matthew Faddy said.