- Has been constructed over a four year timeline
- Over 35,000 people have worked on the project since it began
- Owned by Amp Capital and Dexus. Rest Super will become the third co owner after completion.
Construction has been completed today on AMP Capital’s landmark Quay Quarter Tower at 50 Bridge Street, Multiplex has announced.
Over four years the 45,000 sqm metre 45-year-old office building has been transformed into an 89,000 sqm metre sustainable commercial tower in a project designed to revitalise the harbour front at Circular Quay.
Kylie O’Connor, AMP Capital Global Head of Real Estate, said the 50-storey Quay Quarter Tower represents a benchmark for future city neighbourhood developments.
“We are proud to have found the right balance between creating exceptional mixed-use amenity, revitalising a significant CBD precinct and delivering sustainable outcomes for our investors in such an iconic development,” said Ms O’Connor.
“Quay Quarter Tower will truly further Sydney’s vision and credentials as a global, and green, city and the timing couldn’t be better for breathing new life into one of the oldest parts of the Sydney CBD.”
Already, the project has achieved 89% pre-leasing commitment, including high profile tenants such as Deloitte, Corrs Chambers Westgarth, EQT, Johnson Winter & Slattery, The Work Project and AMP and AMP Capital themselves.
By Multiplex’s reckoning, over 35,000 people worked on the project during the four-year construction phase.
Regional Managing Director, David Ghannoum, said the team were thrilled to complete the project.
“It is undeniably the most complex build ever undertaken in Australia and embodies true innovation and a range of engineering feats, while also setting new standards in both Australian and global construction methodologies,” he said.
A particular challenge was to achieve the adaptive re-use by retaining 68% of the building’s core. This involved marrying the existing core with new floor plates, thereby having to anticipate how the existing building would behave.
A rigorous testing and monitoring regime was used to verify this. Uniquely, a ‘top down, bottom up,’ methodology was employed to deliver the project.
Environmental and design considerations
When building the project, AMP placed a great emphasises on environmental and operational efficiencies. The upcycling and retention of the building’s core saved over 8,000 tonnes of embodied carbon. This represents a world-first for an office tower this size.
Danish architects 3XN designed the tower in consultation with local architectural firm BVN, which involved a “jenga like” design consisting of five shifting glass volumes stacked upon each other and punctuated by atrium space.
Along with this, Quay Quarter Tower also will be home to an acre of urban green space – the largest privately-owned such space in Sydney’s CBD.
The Green Building Council of Australia has awarded Quay Quarter Tower with a 6 Star Green Star office Design v3 rating for its innovative environmental components and vertical village design.
The building forms part of the 11,0000 Quay Quarter Sydney precinct which spans two city blocks. Quay Quarter Lanes will consist of a mixed-use residential, commercial and retail laneway network homing 104 apartments.
Amp Capital Wholesale Office Fund and Dexus Wholesale Property Fund jointly own the development. Rest Super will become a one-third owner in the asset as the completion process settles.
