Brookfield Properties has marked a significant milestone in its delivery of the $2 billion office and retail development connecting Wynyard Station to George Street in Sydney, by celebrating the topping out of the new tower structure and the renaming of the former Wynyard Place project to Brookfield Place Sydney.
The project’s centrepiece is a visionary new office tower comprising 27 levels of office accommodation, with the revamped precinct to provide around 75,000 square metres of space, comprising approximately 68,000 square metres of office space and 7000 square metres of retail space.
Brookfield Place is the premium brandmark awarded by Brookfield to a select group of best-in-class, large commercial property precincts globally that deliver on a strict range of criteria, including outstanding transport connections, state-of-the-art building systems, premium workspaces, high-level retail amenity, leading sustainability credentials, 24/7 security, amenities for wellness and curated placemaking activities.
Only five other Brookfield Places exist in the world with sister assets located in New York, Toronto, Calgary, Dubai and Perth.
Sophie Fallman, Brookfield asset management managing partner and head of Australian real estate, says: "We are proud that this asset will join the prestigious family of global Brookfield Place destinations and deliver for Sydney a precinct that excites and 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 recentres the surrounding neighbourhood.
“Brookfield Place Sydney has achieved this designation because of the uncompromising quality of the development and its restoration of the Wynyard Precinct to its rightful place as the heart of the Sydney CBD. “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.
“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,” Fallman says.
Carl Schibrowski, executive vice president and co-head of Brookfield Properties, who leads the team responsible for the development, says: “We have leveraged our global and local expertise to reimagine what was possible at Wynyard. We struck an agreement with the New South Wales State Government under the Unsolicited Approval Process to fund, design, deliver and maintain the new Wynyard Transit Hall, and convert the old Wynyard leasehold interests to stratum freehold title, as well as merge our new development with the Heritage conservation of the historic Shell House and 285 George Street to create new public infrastructure and premium accommodation for our tenants."
Key achievements of the project include:
- achieving Design Excellence under a State Significant Development consent process following a global design competition
- the suspension of the office lift core 14 metres above the new Transit Hall
- structurally retaining and restoring one of the tallest Heritage façades in the world of its type
- the mid-air suspension of the 400-tonne Shell House masonry Heritage clock tower for the duration of the Shell House internal demolition, retention, excavation and rebuild
- the creation of over 3000 jobs during construction, and
- securing a 6 Star Green Star – Office Design v3 rating, which is considered world-leading.
“As we have proven through the success of our leasing program, where 81 percent of office space has been pre-leased to leading national and global tenants, this is a property that appeals to forward-looking organisations that wish to provide state-of-the-art workspaces, diverse retail and 24/7 amenities for their employees,” Schibrowski says.
Brookfield Place Sydney, designed in collaboration with Make Architects and Architectus, will be completed in 2021.