Crown Group Holdings

Crown Group Holdings is a property group that deals with the development and investment of properties in Australia.[1] It was co-founded in 1996 by Paul Sathio and Iwan Sunito.[2] The group is headquartered at Sydney, Australia and has branches in Indonesia.[3][4]

Crown Group Holdings
IndustryProperty, Hotel, Investment
Founded1994
HeadquartersSydney, New South Wales, Australia
Key people
Paul Sathio, Chief Executive
Iwan Sunito, Chief Executive
Websitewww.crowngroup.com.au

The company was awarded NSW President's award and Best Concept Design by the Urban Development Institute of Australia.[5]

The company had about a 4000-unit pipeline of Sydney projects.[6]

History

The company was co-founded by engineer Paul Sathio and architect Iwan Sunito in 1996.

In 1994 Iwan Sunito established his own architecture firm, Joshua International Architects which was in 1996 amalgamated with two business partners, including current Chief Executive Officer Paul Sathio, to form Crown Group.

Properties

Crown Group has completed residential developments in locations across Sydney including Green Square, Waterloo, Sydney, North Sydney, Ryde, Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes.

The group's first development in 1996 ‘The Crown’ at Bondi Junction was a 54-unit development at Bondi Junction.

Crown Group has recently completed projects in Sydney: V by Crown Group, a 29-storey residential tower in Parramatta; Arc by Crown Group, a 25-storey tower in Sydney CBD on Clarence Street; and Skye by Crown Group, a 20-storey development in North Sydney.

In 2019, they completed two developments. The first was Infinity by Crown Group, designed by Koichi Takada Architects, which is part of the urban renewal in the Green Square town centre in Sydney and has become an architectural icon in Sydney since its completion. By 2030, City of Sydney expects Green Square to attract 40,000 new residents and 22,000 new workers.[7]

The SJB-designed development Waterfall by Crown Group in nearby Waterloo was also finished in late 2019.

In 2020, Crown Group is expanding into the Brisbane[8] and Melbourne[9] property markets. Melbourne's housing market is set to eclipse Sydney's in 2020 fuelled by a stronger economy and higher population growth.[10] It is also expanding into Los Angeles, USA, with a proposed residential tower in Downtown, designed by Koichi Takada Architects.[11]

There are two new mixed-use residential communities under development in Sydney.

Mastery by Crown Group[12] is being developed in partnership with Mitsubishi Estate Asia at Waterloo.[13] The residential, retail and dining precinct has a Japanese design aesthetic and theme. One building is designed by Japanese architect Kengo Kuma and the other four buildings by Sydney firms Koichi Takada Architects and Sylvester Fuller.[14]

Construction is underway on Eastlakes Live by Crown Group in Sydney’s inner-south.[15]

Designed by internationally acclaimed architects Francis-Jones Morehen Thorp (fjmt), the new Eastlakes precinct will have more than 400 apartments planned and a new shopping centre and dining precinct. Construction began in October 2018 on stage one and is expected to be completed in early 2021.

Hotels

Crown Group's boutique hotel chain, SKYE Suites, currently has two hotels in operation; SKYE Suites Parramatta and SKYE Suites Sydney CBD.[16]

In mid-2020 the company will open a third 90-room hotel within their development Infinity by Crown Group called SKYE Suites Green Square.[17]

References
  1. "Aussie Property Firm Crown Eyes Rp 1t Project in Jakarta". Retrieved 18 August 2014.
  2. "Company Overview". Retrieved 18 August 2014.
  3. "Sydney residential developer Crown lands in Singapore". Retrieved 18 August 2014.
  4. "Global real estate groups eye Asia-Pacific investments". Archived from the original on 1 September 2014. Retrieved 18 August 2014.
  5. "Crown Group Awarded Industry's Top Design Award". Retrieved 18 August 2014.
  6. Turi Condon, "Crown spreads its wings ahead of listing"", The Australian, 06 March 2014
  7. City of Sydney, "Green Square"", City of Sydney, 01 March 2015
  8. Cheung, Alison (17 April 2019). "Crown Group acquires development site in Brisbane's West End for $34 million". Commercial Real Estate. Retrieved 13 January 2020.
  9. "Crown Group expands into Melbourne with Southbank project". Australian Financial Review. 1 May 2017. Retrieved 13 January 2020.
  10. "Melbourne home prices to rise faster than Sydney in 2020". Australian Financial Review. 19 December 2019. Retrieved 30 January 2020.
  11. Chandler, Jenna (29 December 2016). "Mapped: The skyscrapers that will redefine LA's skyline". Curbed LA. Retrieved 30 January 2020.
  12. "Dailytelegraph.com.au | Subscribe to The Daily Telegraph for exclusive stories". www.dailytelegraph.com.au. Retrieved 30 January 2020.
  13. "Crown Group and Mitsubishi Estate Group develop Mastery apartments in Sydney". Australian Financial Review. 28 November 2018. Retrieved 30 January 2020.
  14. "Subscribe to The Australian | Newspaper home delivery, website, iPad, iPhone & Android apps". www.theaustralian.com.au. Retrieved 30 January 2020.
  15. "Crown Group sees solid post-election bounce". Australian Financial Review. 14 August 2019. Retrieved 30 January 2020.
  16. "Skye Suites Sydney serviced apartments the new jewel in Crown Group's portfolio". Australian Financial Review. 22 October 2018. Retrieved 30 January 2020.
  17. Jacob (20 March 2019). "SKYE Suites hotel to open in Infinity by Crown Group Sydney Green Square development". The Hotel Conversation. Retrieved 30 January 2020.
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