Council approves $3b Central station project
The City of Sydney has given the green light for two more skyscrapers – of 37 and 35 floors – beside Central station.
The offices, which with an eight storey building form part of the Central Place proposal, carry an end value of c$3 billion.
Local outfit Dexus, with Singapore’s Frasers Property Australia, both listed, will now develop it; construction starts next year.
Dexus is separately building a 40 level office next to Central Place following a pre-commitment to Atlassian.
Central Place
Dexus and FPA won a state government tender to develop Central Place in April, 2020; at the time the end value was estimated at $2.5b.
Google was also rumoured as an anchor.
Fender Katsalidis and SOM are the architects.
Upon completion in 2027, the three buildings – including the podium, to be known as The Connector – will contain over 130,000 square metres.
The office grade will be Premium, which is the best available.
“Our development has been designed to create a place where work and lifestyle can blend seamlessly, create an exciting new destination for Sydney and leverage what is already an offer as a thriving tech and innovation neighbourhood emerges,” Central Place Sydney project director, Kimberley Jackson, said.
“Central Place Sydney is also within walking distance to two globally recognised universities, more than 100 research institutions and is surrounded by some of the city’s most distinct and character rich neighbourhoods,” she added.
“We are working with start-ups and neighbouring universities to explore innovations in technology and circular economy, all intended to support the development ambitions for carbon reduction and provide he best possible workplace experience for tenants and customers,” according to the executive (story continues below).
“Along with the neighbouring Atlassian Central and proposed Toga development, Central Place Sydney will create greatly improved outdoor landscaped places for workers and visitors as well as an expanded retail offering and elevated connections between neighbouring communities, allowing pedestrians to flow efficiently through and within the sub-precinct”.
Fender Katsalidis director Craig Baudin said it intends to create an urban marker – a public meeting space – at Tech Central’s heart.
“To design for innovators, we had to think like innovators,” he added.
“Central Place Sydney is an exploration of how workplace design can inspire the people and companies that will shape the future,” according to the executives.
“The laneways and public spaces define a vibrant new precinct, creating the bedrock for successful companies to grow and Sydney to establish itself as a global capital for technology”.
Filling up
Central Place forms part of Sydney’s master-planned, 24 hectare Central Station Tech Hub precinct.
Eleven months ago, IP Generation and MaxCap secured Afterpay to anchor a c$150m, seven storey redevelopment of the historic Brewery Yard, in the precinct, at 5 Central Park Avenue, Chippendale.
Also late last year, Vietnam backed Arthur Winston Investments acquired neighbouring Haymarket properties with plans, it is believed, for a mid-rise commercial building.
Earlier this month, we reported Canva is speculated to be buying an office in the pocket, to occupy.
The Atlassian headquarters is due to open in 2026.
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