Lendlease fills first piece of North Sydney tower

Lendlease chose CBRE to fill Victoria Cross Tower.

Ventia, which floated in 2021, has signed up for two floors of North Sydney’s Victoria Cross Tower, due for completion next year.

The infrastructure services provider’s commitment – 3500 square metres, the first for the building according to the landlord – spreads levels 26 and 27 of the $1.2 billion tower.

Over 42 storeys, the office will contain 58,000 sqm of Premium space – the highest of the Property Council of Australia’s six classifications.

It sits atop the Victoria Cross station, due to open this year.

Lendlease holds a 75 per cent stake in the asset; it sold the balance to its flagship Australian Prime Property Fund Commercial in 2019.

Set to be a 24/7 activated precinct, the project also includes 20 retail and hospitality spaces – 14 in a concourse opening this year, Miller House – a laneway and public spaces.

“Across our commercial portfolio, our tenant partners continue to seek workplace experiences that attract and retain the best talent and support productivity…which is why we’re seeing a growing demand for premium grade workplaces in prime locations that prioritise sustainability, flexibility and amenity” Lendlease managing director, Development, Tom Mackellar, said.

“With doorstep access to transport and a focus on wellbeing and sustainability, Victoria Cross Tower represents the next generation of office that high performing companies are looking for,” he added (story continues below).

CBRE’s Mark Lacey and John Hickey are the agents.

Elsewhere in North Sydney, Lendlease is developing the Blue & William complex which it sold on a funds through basis to Singapore’s Keppel REIT for $327.7 million in late 2021.

Just over a year ago Equifax committed to 4350 sqm, nearly a third, of the 10 storey project.

Also this week, we are reporting Hines secured Starbucks as the first tenant for an uber green office in Melbourne’s north east Collingwood.

The coffee house has signed up 1400 square metres – just under eight per cent – of the 15 floor building.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.