This article is from the Australian Property Journal archive
LEND Lease has gained approval from the NSW Government for its Barangaroo South concept plan amendment, as the group reveals it is negotiating to sign pre-commitments for half the commercial space available.
The amendments approved include:
• New low rise buildings, with retail/leisure at ground level;
• Increased residential floor area and an improved mix of commercial, leisure, retail, tourism and cultural facilities across the site;
• Improvements to the public realm providing more connections to the waterfront and public spaces;
• Refined massing of buildings to improve solar penetration and view sharing; and
• An iconic landmark hotel on a public harbour pier, enabling the first luxury hotel to be built in Sydney in over a decade.
Lend Lease CEO Steve McCann said Barangaroo South will support Sydney’s growth needs supplying 40% of the forecast demand for prime Sydney office space over the next 10 years.
He indicated that Lend Lease has received expressions of interest, representing over half the commercial area, from leading financial and professional services organisations seeking to locate their offices at Barangaroo.
Lend Lease will submit applications for other buildings over the coming months with the first commercial building programmed to be completed in 2014.
“Barangaroo South is an extremely significant project for Sydney that will create thousands of new jobs and generate major new investment, and we are excited to play a major role in its creation.
“It will be one of the world’s most sustainable urban renewal projects, providing large flexible workplaces, and world class architecture and will return over two kilometres of Sydney Harbour waterfront to the people of Sydney,” he concluded.
Australian Property Journal
