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Grocon Consortium Gets Started Building Sydney CBD's Next Skyscraper

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Written by Marc Pallisco   
Sunday, 26 September 2010 00:48

EXECUTIVES met at a big pile of dirt in the Sydney CBD, to mark the site which will become that city’s next major skyscraper.

Grocon plans to build an $800 million, 43-level, 54,000 square metre building at the site – which it was announced would have two addresses: 161 Castlereagh Street, and 242 Pitt Street.

Law firm Freehills will access the Castlereagh Street entrance, while bank ANZ will occupy Pitt Street.

The building will be owned by GPT’s Wholesale Office Fund, Grocon and LaSalle Asia Opportunity Fund III, upon completion.

As in Melbourne’s Docklands, GPT has been able to lure office tenants at other buildings. In this case, according to the AFR, Freehils is a tenant of GPT at Sydney’s MLC centre.