LENDLEASE AWARDED $300M SYDNEY OFFICE PROJECT

LENDLEASE AWARDED $300M SYDNEY OFFICE PROJECT

LENDLEASE Building has been appointed as head contractor to deliver a landmark development in Sydney.

Investa Property Group and Gwynvill Group are behind the $300 million project located on the corners of Macquarie Street, Martin Place and Phillip Street.

60 Martin Place will comprise more than 40,000sqm of lettable space across 33 levels, with flexible floor plates ranging from 1200 to 1500sqm.

Investa head of commercial development Mark Tait says the contractor will be able to utilise the building's location opposite State Parliament and panoramic views of the harbour.

"Lendlease brings outstanding construction capability and extensive, relevant experience in high quality commercial office developments, which will underpin the quality of the 60 Martin Place offering," Tait says.

"60 Martin Place is an exciting opportunity for Investa, Gwynvill and Lendlease to deliver a truly unique workplace and public amenity offering to the Martin Place precinct, with significant tenant interest already received from a range of blue chip organisations."

Investa received nine submissions for the project's design and construction, before shortlisting four candidates. A tender process commenced last September.

Lendlease Building was selected based on a number of criteria, including completing similar office projects across Sydney, experience of the project team and track record managing a project of this scale.

Lendlease Building managing director Dale Connor says the company's workbook has set a benchmark in performance and sustainability for the city.

"Our involvement in 60 Martin Place builds on Lendlease's longstanding relationship with Investa, and we are delighted to be working on a development that will play a significant role in revitalising Martin Place as a key commercial hub for Sydney," Connor says.

Construction will start next month, with the project expected to be completed in 2019.

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Blackstone waits on gaming authorities as Crown shareholders approve $8.9b buyout

Blackstone waits on gaming authorities as Crown shareholders approve $8.9b buyout

Shareholders of Crown Resorts (ASX: CWN) have voted in favour of th...

Carsales.com founders sell Melbourne office development for $60.25m

Carsales.com founders sell Melbourne office development for $60.25m

A Singapore-listed property trust managed by Frasers Property (SGX:...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

The Australian screen sector has bagged two major wins today, with ...