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Industry News, Latest News, New South Wales

Multiplex tops out $2B Brookfield Place Sydney

Multiplex has topped out a $2 billion office and retail development that connects Wynyard Station to George Street in Sydney.

Multiplex has topped out Brookfield Place Sydney, a $2 billion office and retail development that connects Wynyard Station to George Street in Sydney.

The 27-level office tower will provide around 75,000 square metres of space, comprising of 68,000 square metres of office space and around 7000 square metres of retail space.

Brookfield Asset Management Managing Partner and Head of Australian Real Estate Sophie Fallman said she is proud that this asset will join the family of global Brookfield Place destinations and deliver Sydney a precinct that attracts people from all parts of the city.

“A Brookfield Place is a new kind of urban centre that sets benchmarks in its location for commercial property assets. It uses world-class planning and design to transform expansive, underutilised areas within the most important cities of the 21ˢᵗ century. It puts surrounding precincts on the map by creating a uniquely welcoming environment that re-centres the surrounding neighbourhood,” Fallman said.

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“On completion, we will provide Premium accommodation for a range of tenants, including NAB, Allianz and Brookfield’s new Asia Pacific headquarters, while delivering Sydneysiders an exciting new retail and commercial precinct, an upgraded Wynyard Station arrival experience, and an annual program of arts and cultural activities in keeping with Brookfield’s global commitment to placemaking.

“Today we celebrate the work of our building partner, Multiplex, and our development team at Brookfield Properties. Together, and with the assistance of Transport for NSW, they have achieved an extraordinary feat of building a structure that’s now 134 metres above a brand new Transit Hall that will connect George Street through to a live underground commuter rail station where more than 100,000 commuters will pass through each day.”

Brookfield Properties Executive Vice President and Co-Head Carl Schibrowski said the company has struck an agreement with the NSW State Government under the Unsolicited Approval Process to fund, design, deliver and maintain the new Wynyard Transit Hall.

Brookfield Place Sydney is expected to be completed in 2021.

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