Corrs Chambers Westgarth has signed a 15 year rental agreement for nearly 10,000 square metres at Quay Quarter Tower, under construction at 50 Bridge Street, in Sydney’s CBD.
The office forms part of the $2.7 billion Quay Quarter Sydney project which AMP Capital Diversified Property Fund is developing with AMP Capital Wholesale Office Fund and which, upon completion in 2022, Rest will buy a third of.
At the skyscraper, the law firm will join AMP, which pre-committed to 35,000 sqm in late 2016.
In February, 2018, consultancy Deloitte rented 32,000 sqm. EQT Group has also taken a part-floor.
Following the Corrs deal, the landlords have 15 per cent of the office to fill.
London based Tom Dixon Design Research Studio has penned the tower’s entry level workplaces and mezzanine floors.
Quay Quarter Sydney will contain c4000 sqm of open space including podium gardens and terraces.
It is also designed with c8000 sqm of retail (story continues below).
Quay Quarter Tower
QQT will rise 52 storeys and contain 90,000 sqm of Premium grade area; its upper levels will have north facing views of Sydney Harbour and the opera house.
“To achieve pre-commitment of over 85pc more than a year ahead of completion – particularly given the challenges of COVID, is an outstanding result for our team who continue to demonstrate an unwavering commitment to deliver for our clients and customers,” AMP Capital head of real estate Kylie O’Connor said.
Corrs senior partner and chief executive officer, Gavin MacLaren, added “we have selected what we believe is one of the best buildings in Australia for our Sydney premises”.
According to the executive “the space at QQT will serve our needs well for the next 15 years as we continue to focus on our people our clients and our continued growth and development”.
AMP Capital chief operating officer, Real Estate, and managing director, Office & Logistics, Luke Briscoe, said “our team has worked closely with Corrs on understanding and adapting the Quay Quarter offer to suit their future workplace requirements” including “a robust technology platform for high performance and a strong focus on wellbeing to support employee engagement”.