- Major part of the Wynyard precinct development
- Commercial tower is 90% leased
- Anchor commercial tenants will begin to move in later this year
Brookfield Properties has today announced its $2 billion development in Wynyard – Brookfield Place Sydney – has reached practical completion status.
The development, which has been nine years in the making, has been credited with modernising Wynyard into a transport hub with premium office facilities along with multiple levels of retail. A revitalisation of Carrington Street was also a key part of the development.
Anchor tenants NAB, Allianz and Brookfield itself will join the building later this year. The first retailers, on the upper and lower concourse level from George Street into Wynyard station, will commence trading in July.
Brookfield Properties Executive Vice President and Co-Head, Carl Schibrowski, praised the project’s architectural partners, MAKE and Architectus, along with construction partner Multiplex, for overcoming complexities and being able to deliver the development safely during the pandemic.
Mr Schibrowski also cited Brookfield’s close collaboration with the NSW Government.
“The commercial tower is now over 90% leased, our retail is over 80% committed and by working in deep collaboration with Transport for NSW, we have delivered an outstanding new arrival experience for the circa 120,000 commuters who pass through Wynyard every day.
“This really is proof of what can be achieved when the government and private sector work together.”
Carl Schibrowski, Brookfield Properties
Multiplex Regional Managing Director, David Ghannoum, said the delivery of Brookfield Place Sydney had been a “fantastic journey” for the company.
“Working with Brookfield Properties, Transport for NSW and the anchor tenants has been a privilege and we are immensely proud of the challenges we have overcome together and the landmark buildings we have delivered.
“We look forward to Brookfield Place becoming a thriving precinct for Sydneysiders now and into the future.”
David Ghannoum, Multiplex
When fully completed, the property will be owned by various interests with Brookfield, AMP Capital Wholesale Office Fund, UniSuper and other AMP Capital investments.
AMP Capital’s Kylie O’Connor added that the completion is a significant milestone for the precinct.
“Together with our partner, Brookfield, we are proud to be part of such a transformative, landmark address for Sydney that is set to deliver sustainable investment outcomes for our clients, while providing a premium workplace for our tenant customers.”
Kylie O’Connor, AMP Capital