Sydney's Billion Dollar Technology Park

Friday 03 March 2017

Source: Commercialview


Inner-Sydney’s $1billion Australian Technology Park re-development is progressing with the first close up images of the project unveiled this week.

The Mirvac project is deep in construction phase and is the future home of the Commonwealth Bank of Australia (CBA). The re-development will consist of 3 buildings for CBA being buildings 1 and 2, which will boast the largest office floor plates in the country at 5500 to 8600sqm and a third building which will become CBA's ‘pavilion building’ hosting community and childcare floors.

With a curved exterior and nine floors, building 1 is expected to be completed by 2019 with the second building, being a bigger five-storey property with a large atrium, to follow in 2020.

Together they will yield around 93,000sqm of commercial space and host 10,000 CBA employees - CBA locking in a 15 year lease across all 3 assets.

Mirvac won the hotly contested tender to buy the Australian Technology Park from the NSW government in 2015 for $263 million with CBA in tow.

The design of the redevelopment has been a collaborative effort between the two as well as with architects from FJMT and Sissons.

This development follows on from Mirvac’s impressive transformation of the former locomotive property in Harold Park, Glebe, the 'Tramsheds' which is now home to a host of providores that share a love of food, education and community.

Mirvac will also preserve and maintain the 130-year-old Eveleigh Works hub at the new technology park which is hosts the most significant collection of Victorian blacksmithing machinery in the world.

Construction of retail laneways open to the public will also be undertaken by Mirvac in conjunction with Centuria, which also owns several buildings at the precinct including the one leased to Channel 7.

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