Big corporates circling office space at $2 billion Central Park development

Katherine JimenezDecember 7, 2020

The southern end of the Sydney CBD is set to become the location for a new major commercial office development, with some big corporate names already believed to be circling.

Joint venture partners Frasers Property Australia and Sekisui House Australia have released their A-Grade commercial offering at the $2 billion Central Park development on Broadway.

The 26,000 square metres building, to be known as ‘100 Broadway’, is located on the corner of Abercrombie Street and Broadway and sits within the country’s largest “knowledge precinct” - UTS, Sydney University & Notre Dame University. 

It is understood several blue-chip companies are considering Central Park, which is said be particularly appealing to IT and professional services companies. One source said the project was attracting companies looking to attract future talent.

The joint venture partner is targeting net rents of around an average of mid $600s per square metre.

Frasers Property Australia chief executive Guy Pahor said 100 Broadway was "at the epicentre of what will soon be Sydney’s most dynamic urban quarter".

Designed by internationally renowned architects Foster + Partners, in conjunction with Australian architects PTW, 100 Broadway is said to boast Sydney’s most efficient floor plates (2100 square metres), along with impressive environmental credentials, such as its connection to Central Park’s central thermal plant and tri-generation facility.

Mr Pahor said 100 Broadway would draw its power from the precinct’s 2MW gas-fired tri- generation facility operating in tandem with electricity sourced from the grid.

“This means that tenants will have access to alternative sources of power, which translates into a high level of power source security and reliability – a critical requirement for many tenants, especially those with high-density IT demands”, he added.

CBRE have been appointed leasing agents of the project. Construction is due start to in 2014 with completion in early 2016.

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