JOINT owners Brookfield Properties and Oxford Investa Property Partners have completed the $200 million redevelopment of 388 George St in Sydney’s CBD.
Located on the corner of George and King streets, contractor Multiplex has breathed new life into the 1970s office tower with a 2,680 sqm retail pavilion and 38,364 sqm of A-grade commercial office space.
Brookfield Properties executive vice president and co-head Danny Poljak said the completion and the addition of the new pavilion building has added immense value to the otherwise under-utilised space.
The main tower is now home to Aware Super, with QBE due to commence its fit-out works and join Aware in early 2021. Approximately 60% of the office tower space has been leased with commitments in place or under negotiation for approximately 80% of the precinct’s retail space.
OIPP fund manager Nicole Quagliata said: “We are delighted to complete the iconic transformation of 388 George St and welcome Aware Super and QBE to the building. The recently completed improvements establish the building as a leading contemporary workplace and the mixed-use podium will provide a premium retail amenity to this exceptional George Street location.”
The ground plane and pavilion building was designed by architects FJMT and the overall project comprised a complete refurbishment of the existing 28-storey original 1970s office building, delivering a new tower lobby, end-of-trip (EOT) facilities and construction of a brand new five-storey mixed-use pavilion consisting of commercial and retail space, a rooftop bar and flagship retail spaces.