COMMERCIALNEWSNSW

Is TikTok moving into Circular Quay?

According to realcommercial.com.au, the Chinese-owned company is looking to expand and want to take up 4400sq m in Lendlease’s 55-storey Salesforce Tower.

TikTok opened its first Australian office at 68 Pitt Street in 2020 but is expanding rapidly as the social media network continues to grow in popularity.

Circular Quay is set to be transformed with the new $1.9 billion Sydney Place precinct, which will be anchored by the soaring 263m high Salesforce Tower.

A host of big-name companies are set to join TikTok should they choose to relocate, including Salesforce, Greenhouse by Investible, Wellington Management, The Executive Centre and JLL.

On levels 31 to 33, Lendlease will also offer commercial suites as a turnkey solution for businesses looking for premium-grade office space with flexible leases.

Also nestled in Sydney Place will be the new 50-storey 89,000sq m Quay Quarter Tower, which is set to feature trading firm IMC Financial Markets, investment bank Barrenjoey Deloitte, Corrs Chambers Westgarth, AMP, EQT and Johnson Winter & Slattery.

The building will also have its own lifestyle and retail precinct, with Quay Quarter Lanes comprising 21 retail tenancies and 104 luxury residential apartments as well as flexible workspaces to be managed in a venture with The Work Project.

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Rowan Crosby

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