This article is from the Australian Property Journal archive
BUILT has received development approval for the next phase of the $600 million Liverpool Civic Place mixed use precinct, including a 24-storey office tower that will be Liverpool’s most sustainable building.
Phase B and C master plan will include construction of the commercial tower, to be known as 44 Scott Street, comprising 19 commercial office levels and lower ground and upper ground retail floor space, as well as a nine-storey hotel comprising 84 rooms and ground-level retail floor space; and a four-level basement, including 151 parking spaces.
They will complement the adjoining stage one public spaces currently under construction by Built as part of a joint venture with Liverpool City Council, including new Council offices, Council Chambers, childcare centre, city library, civic plaza and underground public car park.
44 Scott Street is designed by architects fjmt and aims to set new ESG standards for both Liverpool and Western Sydney by targeting ambitious carbon emission reduction goals which include 50% less embodied carbon in construction and 50% less energy consumption in operation compared to a conventional building.
It will operate on 100% renewable electric power from day one and follow a circular economy design plan that will maximise potential for disassembled materials through the demolition and construction process to be reused, recycled or reincorporated into the supply chain, to reducing waste and environmental impact.
A 6 star Green Star rating is being targeted, as well as 5.5 star NABERS Energy and 4 star NABERS Water efficiency ratings and WELL Core Gold certification for health and wellness benefits for occupants.
Digital engineering technology will provide 3D modelling in the design process to achieve sustainability outcomes including waste and carbon reduction and provide a future digital twin of the tower to maximise energy efficiency improvement in the future.
“This will be a truly transformative project for Liverpool which, along with Liverpool Civic Place and the development of new Western Sydney Airport and Aerotropolis, will attract a new level of economic investment, businesses, and residents to Sydney’s third CBD,” Built managing director and CEO, Brett Mason.
The development is being marketed to tenants by Resonate Partners.
Director, Jonathan Betts said: “Tenants are now looking for ESG solutions that go beyond just ‘ticking the box’ and value innovative solutions that integrate building technology in a smart yet simple way that allow for hybrid workforces to operate efficiently.”
RICS research shows more than half of property players believe that green and sustainable buildings achieve a rent and a price premium. More than one-third believe that the rent and price premium stands at up to 10%; around 15% judge it to be higher still.
Construction is set to commence in 2023 and a leasing campaign is underway.
Built has also been awarded early contractor involvement in Atlassian’s $1.4 billion future headquarters in Sydney’s Tech Central precinct, which will become the world’s tallest hybrid timber tower.
