Lendlease, China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia, today completed Sydney Place which – at 55 floors and 263 metres – is the city’s tallest office.
Foster+Partners penned the structure, otherwise known as the Salesforce Tower, after an anchor tenant, at 180 George Street.
Construction started in 2018; about 80 per cent has been leased, including to commercial real estate firm JLL, which has taken levels 25-27.
Climate technology group Greenhouse, co-work outfit The Executive Centre and fund manager Wellington Management are other businesses set to move into the building next year.
“The project has supported more than 2000 jobs, with 100 per cent of tradespeople from local businesses with greater Sydney, totaling nearly 2.7 million hours worked on-site,” a Lendlease statement said.
Some 9500 tonnes of steel and 42,000 cubic metres of concrete were also needed, according to the group.
“Achieving more than 80 percent leasing, the flagship commercial tower has redefined the city’s spectacular skyline and demonstrates the strong market appetite for modern workplaces that are well connected, environmentally sustainable and provide state-of-the-art facilities with a focus on health and wellbeing,” Lendlease managing director, Development, Tom Mackellar added.
Sydney lord mayor Clover Moore said “this is a complex and nuanced development that serves both private and public interests, with an impressive office tower as well as public space with a beautifully designed community building, a major public artwork and by March next year, connected retail laneways, and public bicycle facilities”.
Sydney Place contains 56,000 square metres of lettable area (story continues below).
“The Sydney Place precinct is set to revitalise Circular Quay with 24 new laneway retailers, including signature dining, must-visit bars and the much-anticipated Jacksons on George, which is expected to open in mid-2023,” the landlords said.
“Approximately half of the Sydney Place precinct is dedicated to the public, including the first plaza on George St in decades,” they added.
“It is framed by a one-of-a-kind community building, designed by esteemed British architect Sir David Adjaye in partnership with Indigenous Australian artist Daniel Boyd, and transferred to the City of Sydney’s ownership on completion this year,” according to the owners.
“The precinct will also host the city’s first public cycling facility, located underneath the plaza.
“Installation of the Plaza Community Building’s distinct rooftop canopy art, also designed by Daniel Boyd, is complete, and a second major public artwork, designed by Louise Zhang in partnership with Dennis Golding, has been installed in the through-site link and will be open in March 2023”.
The completion of Sydney Place come four months since Lendlease partnered with Mitsubishi to deliver the One Circular Quay project, next door – which carries a $3 billion end value.
That development is set to include Australia’s first Waldorf Australia – a 28 level building speculated to be selling to Andrew Forrest for $570m.
It is also designed with a 59 storey apartment complex.
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