Frasers & Dexus Lodge DA for $2.5bn Central Place Sydney project

Frasers Property Australia and Dexus today lodged development plans with the City of Sydney for their circa $2.5 billion Central Place Sydney project. This development will position Tech Central as a key driver of innovation and growth in the Asia Pacific region and significantly contribute to large-scale urban change in Sydney.

The plans include:

• Approximately 130,000 square metres of workspace space across two premium office towers, comprising 35 and 37 levels respectively;
• Rooftop community spaces and vertical gardens;
• Environmentally responsive building façade and structure to support sustainability aspirations;
• Improved pedestrian amenity and connectivity to Central Station;
• A diverse range of retail and dining options, public art, and green spaces; and
• An integrated distribution facility that will service and benefit the precinct through an advanced logistics infrastructure.

The DA includes a connection to the adjoining Atlassian, Adina, future ‘over station development’ and Goods Line tunnel. Improvement works are also proposed to part of Henry Deane Plaza and above the existing Devonshire Street tunnel for an above ground connection to the future ‘over station development’. Concept approval is also sought for a 10 storey building envelope adjoining Henry Deane Plaza containing commercial land uses.

Central Place Sydney Project Director, Kimberley Jackson, said the world-class tech precinct will rejuvenate Central as one of the key gateways to the Sydney CBD and underpin Tech Central as Sydney’s tech and innovation hub.

“Central Place Sydney is a city-shaping development that will attract some of the best innovation and technology businesses to Sydney.

“The connectivity of the site to Australia’s busiest interchange, Central Station, and links to the neighbourhoods of Surry Hills, Chippendale, Eveleigh, Haymarket and Darling Harbour will contribute to a vibrant destination supporting Sydney’s 24-hour economy.

“The precinct will define the future of work and workplaces, incorporating the latest healthy building initiatives and powered by 100% renewable energy.”

The community will have the opportunity to provide feedback through the City of Sydney public exhibition process.

In addition to working with the City of Sydney to achieve planning consent, there is a parallel process underway to progress the project through Stage 3 of the NSW Government’s unsolicited proposals process.

Subject to Frasers Property Australia and Dexus securing the relevant approvals, construction is targeted to commence in 2022, with the first stage of the project targeted to be delivered in 2025.