24 Oct 2022
SYDNEY, 24 OCTOBER 2022
Sydney’s city-shaping tech precinct has been further bolstered by the Development Application approval from City of Sydney for Central Place Sydney, a joint venture between Frasers Property Australia and Dexus*. Located adjacent to Sydney’s Central Station, the circa $3 billion project will form a significant part of the complete transformation of Sydney’s southern CBD.
The approval follows the recently announced vision for the Central Precinct by the New South Wales Government as well as the beginning of construction on Atlassian’s Australian Headquarters. Central Place Sydney will help define the Tech Central district - a public and private effort to ensure Sydney’s future global competitiveness as one of the most attractive, diverse, and productive places for tech and innovation businesses.
Kimberley Jackson, Project Director for Central Place Sydney said: “We are incredibly pleased to have received Development Approval, allowing us to further progress the project. 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 on offer as a thriving tech and innovation neighbourhood emerges.”
Central Place Sydney will introduce more than 130,000 square metres of commercial floor space to the surrounding area offering the largest Premium-grade workplace available in Tech Central. The buildings boast world-leading sustainable design in a location with unrivalled connectivity and direct transport links to Sydney and surrounds.
The building design features two towers expressed as three forms - 35 and 37 levels of commercial office and an 8-storey low-rise building, The Connector, enlivening the precinct at street level. 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.
Ms Jackson added, “Central Place Sydney will set the benchmark in sustainability for commercial developments of this scale in Australia. The building will feature workplace environments that integrate nature, maximise day light, has provisions for natural ventilation, and is supported by renewable energy to achieve our net zero emissions in operations target. 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 the best possible workplace experience for tenants and customers.”
Along with the neighbouring Atlassian Central and proposed Toga development, Central Place Sydney will create greatly improved outdoor landscaped spaces 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.
Subject to Central Place Sydney securing the relevant NSW Government final stage approvals, construction is targeted to commence in 2023, with the first stage of the project expected to be delivered in 2027.
*25% Dexus, 25% Dexus Office Partner