COMMERCIAL PROPERTY, SALES & LEASING

Double office towers for Sydney tech precinct

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FRASERS Property Australia and Dexus have unveiled plans for two office towers and integrated distribution facility within the $2.5 billion Central Place Sydney project.

Development plans were lodged with the City of Sydney include 130,000 sqm of workspace space across two premium office towers, comprising 35 and 37 levels respectively; rooftop community spaces and vertical gardens; retail and dining options, public art, and green spaces; and an integrated distribution facility.

Central Place Sydney project director Kimberley Jackson said the world-class tech precinct will rejuvenate Central as one of the key gateways to the Sydney CBD and underpin Tech Central as Sydney’s tech and innovation hub.

“Central Place Sydney is a city-shaping development that will attract some of the best innovation and technology businesses to Sydney.

“The connectivity of the site to Australia’s busiest interchange, Central Station, and links to the neighbourhoods of Surry Hills, Chippendale, Eveleigh, Haymarket and Darling Harbour will contribute to a vibrant destination supporting Sydney’s 24-hour economy,” she added.

Jackson said the precinct will define the future of work and workplaces, incorporating the latest healthy building initiatives and powered by 100% renewable energy.

In addition to this DA, the joint venture partners announced process is underway to progress the project through Stage 3 of the NSW government’s unsolicited proposals process.

Subject to relevant approvals, construction is targeted to commence in 2022, with the first stage of the project expected to be delivered in 2025.

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