ALAND opens Paramount on Parkes, Parramatta's new landmark apartment development

Prolific property developer, ALAND, has brought yet another residential development to Sydney's western suburbs.

ALAND Founder and Owner Andrew Hrsto, along with Dr Andrew Charlton and Parramatta Lord Major Cr Pierre Esber, cut the ribbon on Paramount on Parkes, the latest in a long line of new apartment developments ALAND has delivered over the last two decades.

The $357 million, 46-level tower features 331 apartments and over 3,000 sqm of premium commercial space, cleverly located on the top five levels of the building. 

Dr Andrew Charlton praised ALAND for supplying exactly the type of high-quality homes that Parramatta needs to help drive the city’s future economic growth.

“We’ve got fantastic new transport infrastructure – from the light rail to the new Metro, wonderful new parks and recreation areas, the new pool and a new stadium,” Dr Charlton said at the ribbon cutting.

“What we need in this city is high-quality housing stock and we need it here in the CBD -- and that’s what you’ve provided. ALAND had the vision and the capability to create a building near public transport, in the middle of this thriving city – and that is what Australia needs right now."

Andrew Hrsto alongside Dr Andrew Charlton and Lord Mayor Cr Pierre Esber. Image supplied

Paramount on Parkes, which features amenities such as a swimming pool, landscaped gardens and a children’s play area, was named Best Mixed-Use Development in Australia at the prestigious 2023 Asia Pacific International Property Awards.

Parramatta Lord Mayor Cr Esber told the gathering that he would like to see many more buildings like Paramount on Parkes going up around the city in order to meet Parramatta’s current and future housing needs.

“There are only a few [construction] firms in Sydney that are capable of doing these projects and ALAND is one of them,” he said. 

Andrew Hrsto paid tribute to the entire ALAND team that has worked on Paramount on Parkes – the tallest structure in its 22-year history.

“I couldn’t be prouder of this building,” he said. “It’s a great achievement.”

Hrsto said putting his company’s name on the top of the building symbolised ALAND’s ongoing role in the development of Parramatta.

“This project is a centrepiece for ALAND, so much so that we will be moving our corporate headquarters here next year. That’s how committed we are to the future of Parramatta.”

ALAND has six display apartments to show prospective buyers.

Paramount on Parkes is expected to welcome its first residents next month.