Deicorp secure Polding Centre, Sydney apartment development site

Deicorp is set to build a mixed-use tower, with luxury apartments in a slim 61-storey tower in the Sydney CBD.

The site was bought from the Catholic Archdiocese of Sydney, following a six-month competitive process.

The site of the Polding Centre has a Brutalist-style building in Liverpool Street designed by Smith Jesse Payne and Hunt.

The existing late 1970s office tower at 133-141 Liverpool Street comes with approval for a 234m tower with a mixture of residential and office use.

Deicorp will conduct a design excellence process to select an architect during stage two of its approval process.

The Archdiocese had proposed the residential tower above an eight-storey commercial podium, with ground-level retail and residential and commercial lobbies, and parking.

The sale price has not been revealed although The Australian reported developers had chased the site offering more than $200 million.

The Archdiocese had proposed the residential tower above an eight-storey commercial podium, with ground-level retail and residential and commercial lobbies, and parking beneath.

Deicorp’s Executive Manager – Corporate Communications, Rob Furolo, said the Sydney developer was delighted with the Archdiocese’s decision but that the real work was still to come.

“We are obviously delighted to be selected by the Archdiocese for such a prestigious project, especially given the calibre of other businesses vying the job.” Furolo said

“But we are now focused on delivering a stunning new landmark building that does justice to its fantastic location and achieving the best outcomes for the Archdiocese and the community.”

“Securing the development rights is a really only the first step in the delivery of this project," Furolo added.

"The entire Deicorp team is now focused on delivering a world-class building for Sydney by working with some of Australia’s and the world’s most talented architects.”