Castle Group's $1billion construction portfolio a local area "boys made good" success

Leading residential property development company, Castle Group, hosted the Greater Blacktown Business Chamber June Business After Five networking event on Thursday.

Castle Group directors Ritchie Perera (left) and Krenalin Moodley (right) receive their Gold Member certificate from Greater Blacktown Business Chamber President Trevor Oldfield.

The event became an early sell out with more than 240 local business owners at the NBC Sports Club in Northmead.

Castle Group, the Chamber’s newest Gold member, is a leading private development and construction company of residential projects in Sydney’s North West Region. It has a project pipeline of more than one billion dollars.

Guests heard that the business started only four years ago in a small boardroom by Directors Ritchie Perera and Krenalin Moodley.

Today the Baulkham Hills based company has some 30 staff and is still expanding.

During the next three years Castle Group will build some 45 houses, 300 apartments and 120 townhouses in North Western Sydney. Development areas include Schofields, Riverstone, Rouse Hill and Kellyville.

Both directors and their executive staff were on hand to outline and discuss Castle Group’s phenomenal growth and diverse business structure.

In addition to land development and residential construction business units, it has an Innovation Lab focused on fintech, Innovation co-working spaces, Caste Food and Beverage, Heart Foods, Personalised Vitamins, an entertainment division and the Ritchie Perera & Kren Moodley Foundation.

Lucas Heart Pump donated to Blacktown Hospital

The Foundation supports charities, sustainability and community initiatives. Its Recent projects include:

  • Donating a Lucas Heart Pump (pictured right) to Blacktown Hospital. This life saving machine gives automatic CPR to a person suffering from a heart attack.

  • Funding for 12 anti-bullying workshops at schools within the Blacktown City Council area. Workshops are all accredited with a proven track record.

Later this year the Foundation will donate a brand new four-bedroom house in Riverstone for women victims of domestic violence. It will also cover ongoing costs of utilities, maintenance and outgoings costs.

See our photo coverage of the event here

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