This article is from the Australian Property Journal archive
THE Investa Office Fund has won approval from the City of Sydney Council for the redevelopment of Barrack Place at 151 Clarence St in the Sydney CBD.
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The existing 16,000 sqm B-grade building will be demolished in March next year to make way for a new A-grade 18-storey 22,000 sqm building designed to achieve a 5-star Green Star and a 5-star NABERS Energy rating.
Already 28% of the space is pre-committed to Arup.
“Investa is also excited to be working with Arup to collaboratively deliver their state of the art Sydney headquarters,” Investa office general manager commercial developer Mark Tait said.
The podium floors (pre-committed by Arup) on levels 2 – 6, have floor plates of approximately 1,400 sqm NLA whilst the tower floors on levels 9 – 18 have been designed to deliver the best possible commercial floor plate, with approximately 1,200 sqm NLA.
“This development continues our focus on leveraging the integrated Investa platform to create value and drive performance for IOF unitholders,” IOF fund manager Ming Long said.
“Barrack Place is on track to deliver to current and future office space occupiers design flexibility, and price-point appeal on the cusp of Martin Place,” she concluded.
Australian Property Journal
