Sydney’s largest urban regeneration project, Barangaroo South, has picked up the state’s top property honour.
Lendlease was presented with the Property Council of Australia’s RLB NSW Development of the Year award at a cocktail reception this evening.
Barangaroo South will eventually accommodate 23,000 office workers, 2,000 residents, a six-star hotel and 80-plus cafés, bars, restaurants and retail outlets across 535,000 sqm of gross floor area.
Barangaroo South commenced construction in October 2011 and has staged completions through to 2023, with the first stage now complete.
“Barangaroo South has transformed Sydney with a unique blend of architectural styles and mixed uses which bring people to the precinct day and night,” says the Property Council’s NSW Executive Director, Jane Fitzgerald.
“It has been a spectacular commercial success, with the Anadara and Alexander’s 159 waterfront apartments selling out in three-and-a-half hours in August 2013, and International Towers Sydney currently sitting at 84 per cent occupancy,” Ms Fitzgerald adds.
Among the standout buildings in the precinct is International House Sydney, Australia’s first engineered timber commercial building. The retail offering comprises 85 retail stores and some 18,000 sqm of GLA, delivering Sydney’s highest concentration of food and beverage delivered in any one precinct.
RLB provided a range of services to Lendlease and its partners. According to RLB’s Managing Director, Matthew Harris, Barangaroo South is a test-bed for world-leadership sustainability.
“Barangaroo South aims to be Australia’s first large-scale carbon neutral precinct, and every aspect has been considered from a sustainability angle, from the design of the buildings and public domain to the materials used and the social impact the development will have on Sydney,” Mr Harris says.
“As one of select group chosen by the C40 Cities/Clinton Climate Initiative’s Climate Positive Development Program, Barangaroo South is shaping up as an international sustainability showcase.”
The NSW Development of the Year award is part of the national 2018 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards program. RLB has partnered with the Property Council to present the awards program since its inception in 1982.
Barangaroo South is also competing in two categories at the national awards, which will be held in Sydney on Friday 11 May.