Nation’s new economic powerhouse

afr.com:

The City of Parramatta is leaving central Sydney in its wake as the nation’s most exciting commercial and cultural hub. New transport links, revitalised commercial precincts and the revamp of the Riverside Theatre are huge drawcards, helping to attract people and businesses to the area.

With predictions that by 2036 there will be more people living west than east of Parramatta, this vibrant city is proudly taking its place at the heart of Sydney.

Parramatta Square is a focus of the city’s multi-billion-dollar transformation, drawing an array of companies and a diverse professional workforce. 

Parramatta Square has been an important catalyst in the city’s transformation, with a $3 billion investment creating a world-class commercial and civic centre.

“It has become a new gathering place in the heart of our city,” says City of Parramatta Lord Mayor Pierre Esber. “On any weekday you will find the square bustling with workers, catching some sun while they eat lunch, having a coffee or playing table tennis.

“The square is now home to premium office space that connects to transport and close-by amenities.”

The nearby Westmead Health and Innovation Precinct cements Parramatta as a hub for world-leading medical innovation. The precinct is supporting a jobs boom, with the number of jobs in the health sector in the Parramatta local government area expected to grow by almost 50 per cent by 2030.

“It makes our city very attractive to big multinational biotech companies, medical devices businesses, medical tech start-ups and related R&D businesses,” says Esber.

The city’s existing attractions and historic significance are another competitive advantage.

“Parramatta is a living breathing city, which is really important,” says David