This article is from the Australian Property Journal archive
WITH its official opening fast approaching, Sydney’s landmark Quay Tower has secured new leases across its retail podium.
The tower, jointly owned by AMP Capital Wholesale Office Fund (AWOF), Dexus Wholesale Property Fund (DWPF) and Rest Super, has added new food, beverage and service offerings to its line-up with tenants including Deli Ziosa, Quay Quarter Pharmacy,Sushi Hon, Nam Nam and Costi’s Seafood.
“To complement traditional food and beverage, and restaurant tenancies, we see soft fitness and group training gyms, wellbeing and retail services, and a boutique grocer and liquor store as key opportunities within the building,” said Liann Lim, senior development manager at AMP Capital.
While the asset isn’t scheduled to open officially till later in the year, Espresso Bar Parla and Fossix Coffee Lounge have been trading in the lobby levels since AMP and AMP Capital commenced occupying Quay Quarter Tower in April.
“With 95 per cent of the commercial premises in the Tower leased, we are seeing an upturn in retail commitments as businesses see the opportunities and exceptional quality of Quay Quarter Tower,” said Kit Georgeos, fund manager of AWOF.
“The precinct has been created to transform and energise the workday experience with world class flexible work-spaces, diverse retail amenity, public art and health and well-being facilities. The retail podium will contribute significantly as more occupants begin to move in over the remainder of 2022.”
The new tenants will join Deloitte, Corrs Chambers Westgarth, EQT, Johnson Winter & Slattery, and flexible workspace operator The Work Project, who have also committed to the asset, with international trading firm IMC Financial Markets also securing 5,740 square metres of the 89,000sqm of office space.
“QQT continues to demonstrate an exceptional asset for our investors, with the high quality, diverse retail and services amenity enhancing the offer for new and existing customers alike,” said Michael Sheffield, fund manager at DWPF.
The tower is part of the 11,000sqm Quay Quarter Sydney precinct development, across two city blocks, along with Quay Quarter Lanes.
Quay Quarter tower is targeting a 6 Star Green Star Design and As Built rating from the GBCA, a 5.5 Star NABERS Office Energy Base Building Rating, a 4 Star NABERS Office Water Rating and a WELL Gold Core and Shell certification.
Quay Quarter Tower is set to officially open in late-2022, with the new tenants scheduled to open their doors in the fourth quarter.
