This article is from the Australian Property Journal archive
CHARTER Hall's Core Plus Office Fund has awarded Watpac a $72 million contract to deliver a commercial tower at 331 – 333 George St in Sydney's CBD.
The 17-storey office and retail building will have three levels of retail space, totalling 2,000 sqm.
Designed by renowned architects Grimshaw and Crone Partners, the building is aiming to achieve a 5 star Green Star (V3 Design and As Built) and a 5 star NABERS Energy Rating.
Charter Hall joint managing director David Harrison said the development is expected to deliver a value on completion of $250 million, and is expected to lift the CPOF portfolio to more than $2.1 billion upon completion.
Watpac CEO Martin Monro said the project is an important addition.
“This project is a great addition to our workbook and we are very proud to be involved in the delivery of another major office project in the Sydney CBD,” he added.
Work is expected to commence in early to mid 2014, with completion scheduled for mid 2016. A comprehensive office and retail leasing campaign will be launched in early 2014.
Property Review