This article is from the Australian Property Journal archive
LEND Lease has officially unveiled the new $500 million Darling Quarter precinct, Sydney’s newest urban regeneration project.
The development is the catalyst for the rejuvenation of Darling Harbour’s southern gateway and the completion of the Darling Quarter marks the end of a three and a half year process to transform the previously underutilised former Sega World site.
The precinct is a collaborative effort between Lend Lease and the Sydney Harbour Foreshore Authority and comprises offices for the Commonwealth Bank and family/leisure areas.
Commonwealth Bank Place is a 58,000 sqm building jointly owned by the Lend Lease managed Australian Prime Property Fund Commercial and an institutional investor.
Lend Lease’s Australia CEO Mark Menhinnitt said Darling Quarter is a great example of how Lend Lease can access all parts of its business from funds management through to development and construction to create an iconic project that sets global benchmarks.
Darling Quarter’s world-class sustainability credentials are highlighted by the two eight-storey campus-style buildings that make up the Commonwealth Bank Place commercial development. The buildings, which have received a 6 Star Green Star – v2 Office Design certified rating with the Green Building Council of Australia (achieving the highest number of credit points for a building of its size), feature passive and active design features that save 2,500 tonnes of carbon emissions per year and reduce main water consumption by 92%.
Australian Property Journal
