The Veriu Group has opened its second Punthill property in NSW with Punthill Parramatta offering 52 studio, one-bedroom and two-bedroom apartments.
Punthill Parramatta is located just minutes from the Westmead Health and Innovation District as the campuses of Western Sydney University, the University of New England and Raffles College of Design and Commerce.
Parramatta is also set to undergo further significant transformation and development over the next five years, with the State Government committed to establish it as Sydney’s second CBD.
“Strategically we’ve always sought to grow the Punthill portfolio by opening in locations supported by major sources of corporate room night demand,” said Group CEO Zed Sanjana.
“As one of the fastest growing regions in New South Wales, Parramatta is currently experiencing a major transformation. With a $20 billion investment planned for the city’s infrastructure over the next five years, it’s expected to become a liveable, sustainable and global hub.
“Collectively, all of this means that means Punthill Parramatta is ideally positioned to meet the increasing demand for premium extended stay self-contained accommodation in a growing market, in one of Sydney’s most coveted locations.”
