A $100 million adaptive reuse project will transform a vacant commercial building in the Parramatta CBD into student accommodation for up to 600 Western Sydney University students.<\/p>\n
Holdmark Property Group has partnered with the university to deliver the purpose-built facility at 10 Valentine Avenue, beside the Parramatta rail and bus interchange.<\/p>\n
Construction and refurbishment work is expected to commence in August 2026, with the first students scheduled to move into the building in the fourth quarter of 2027.<\/p>\n
The project will retain and convert the existing 14-level building, which contains about 16,000 square metres of commercial space and was completed in the late 1980s.<\/p>\n
The property previously accommodated NSW Government offices but became vacant after several departments relocated to newer premises in Parramatta Square.<\/p>\n
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Holdmark chief operating officer Kevin Nassif said the project will give the existing building a new purpose while providing accommodation close to the university\u2019s CBD campuses.<\/p>\n
\u201cThis partnership will transform a vacant commercial building into a vibrant student community in one of the best-connected locations in Western Sydney,\u201d said Nassif.<\/p>\n
\u201cRather than demolishing an older building and starting again, we are giving an existing asset a new purpose through a major refurbishment that will deliver high-quality accommodation, outstanding student amenities and renewed activity in this important part of the Parramatta CBD.\u201d<\/p>\n
The co-living development will include dedicated study and breakout areas, gym and yoga facilities, music rooms, rooftop recreation areas, communal kitchens and shared social spaces.<\/p>\n
Its location will provide students with access to public transport, shops, hospitality venues, employment opportunities and the wider Parramatta CBD.<\/p>\n
Western Sydney University chief operating officer Bill Parasiris said the partnership will provide students with high-quality accommodation in the heart of Parramatta.<\/p>\n
\u201cThis development will deliver modern, purpose-built accommodation within walking-distance of our Parramatta CBD campus, public transport, and the many employment, cultural and lifestyle opportunities Parramatta has to offer,\u201d said Parasiris.<\/p>\n
\u201cImportantly, it will increase the supply of dedicated student accommodation in Parramatta, helping meet growing student demand while reducing pressure on the broader housing market.<\/p>\n
\u201cThe adaptive reuse of an existing commercial building also demonstrates how existing city assets can be repurposed to deliver much-needed student infrastructure in a more sustainable way.\u201d<\/p>\n
Holdmark acquired the broader 2\u201310 Valentine Avenue site from Australian Unity in 2024.<\/p>\n