Australian property developer CWG Development (CWG) has reached a key milestone at its Stellar project in the north-western Sydney suburb of Ryde.
Stellar is a boutique $80 million development of 96 apartments and two commercial lots, located on the corner of Devlin Street (Ryde Road) and Victoria Road – a significant parcel of land offering exceptional views over the Parramatta River towards the Sydney CBD, as well as easy access to major road corridors.
A ‘topping out’ ceremony was held to mark the completion of the uppermost floors of Stellar’s eight and five storey towers by project builders Alliance Project Group (APG), after which the final phase of building will commence, including internal fit-out.
The impressive milestone represents the fifth project topped out by CWG since the Company’s establishment in 2014.
CWG’s CEO, Dr Ying Rao said the site has been developed for several years, so to reach this stage in the development was ‘very exciting’.
“To have the physical structure of the building completed is a major achievement – and we’re now focussed on pushing ahead into the final stages of the construction,” he said.
APG Director Rouad El Ayoubi confirmed the construction program at Stellar was on schedule for completion in the first quarter of 2020.
“Our team has been working steadily to deliver this exceptional project and I’m proud to say we’re right on track,” he confirmed.
“This will be a landmark building for Ryde and we’re excited to be delivering this for the local community and for CWG.”