INDUSTRY NEWSNEWSNSW

Central Place Sydney receives DA approval from City of Sydney

Sydney’s new tech precinct, continues to take shape, with Central Place Sydney receiving development application approval from the City of Sydney.

The $3 billion privately developed precinct near Sydney’s Central Station is set to transform Sydney’s southern CBD into a world-leading, diverse and productive location for tech and innovation businesses.

The approval follows the recently announced vision for the Tech Central precinct by the NSW Government as well as the start of construction on Atlassian’s Australian headquarters. 

Project Director for Central Place Sydney, Kimberley Jackson said the team were excited to move onto the next stage of the project.

“We are incredibly pleased to have received development approval, allowing us to further progress the project,” Ms Jackson said.

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 is a joint venture between Frasers Property Australia and Dexus and will create more than 130,000sq m of commercial floor space and will be 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 37 and 35-level towers of commercial office and an eight-storey low-rise building.

Central Place Sydney is also within walking distance of 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 said 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 daylight, has provisions for natural ventilation, and is supported by renewable energy to achieve our net zero emissions in operations target,” she said.

“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.

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Rowan Crosby

Rowan Crosby is a freelance journalist specialising in finance and real estate.