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Sydney’s tallest office tower marks official completion

Lendlease today marked the official completion of its flagship commercial building in Sydney Place at Circular Quay, Salesforce Tower.

Lendlease today marked the official completion of its flagship commercial building in Sydney Place at Circular Quay, Salesforce Tower, which officially holds the mantel for Sydney’s tallest office tower.

Designed by one of the world’s leading architecture firms Foster + Partners, Salesforce Tower soars 55-storeys, or 263 metres, and has attracted high interest from prospective tenants, with the building now over 80 per cent leased.

Since the start of construction in 2018, the project has supported more than 2,000 jobs, with 100 per cent of tradespeople from local businesses within Greater Sydney, totalling nearly 2.7 million man-hours on-site. The tower is comprised of 9,500 tonnes of steel and 42,000 cubic metres of concrete.

Anchor tenant Salesforce, global leaders in CRM, will occupy levels 34-53 when it relocates mid next year.

Jones Lang LaSalle (JLL), Australia’s largest commercial property services firm will relocate its Sydney headquarters to levels 25-27, with Greenhouse, a new hub for climate technology and innovation by venture capital company Investible on levels 1-3. Asia Pacific’s leading premium flexible workspace provider, The Executive Centre, and one of the world’s largest privately held investment managers, Wellington Management, will also join the tower. Major tenants are expected to move in from early next year.

The Sydney Place precinct is set to revitalise Circular Quay, with 24 new laneway retailers, including signature dining, must-visit bars and the much-anticipated Jacksons on George, which is expected to open mid-2023.

Approximately half of the Sydney Place precinct is dedicated to the public, including the first plaza on George Street in decades. It is framed by a one-of-a-kind community building, designed by esteemed British architect Sir David Adjaye in partnership with Australian indigenous artist Daniel Boyd, and transferred to the City of Sydney’s ownership on completion this year. The precinct will also host the city's first Public Cycling Facility, located underneath the plaza.

Installation of the Plaza Community Building’s distinct rooftop canopy art, designed by First Nations artist Daniel Boyd, is complete, and a second major public artwork, designed by Louise Zhang in partnership with Dennis Golding, has been installed in the through-site link and will be open in March 2023.

Sydney Place has been awarded a Platinum WELL Shell and Core rating and the Green Building Council of Australia’s 6 Star Green Star Design rating and is targeting a 5.5 Star NABERS energy rating.

The tower was developed and constructed by Lendlease, in a joint venture with China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia.

Quotes attributable to Tom Mackellar, Managing Director of Development, Lendlease

“The completion of Sydney Place’s centrepiece, Salesforce Tower at 180 George Street will reignite the Circular Quay precinct, creating a rich dining and retail experience for workers and visitors to enjoy. 

“Achieving more than 80 percent leasing, the flagship commercial tower has redefined the city’s spectacular skyline and demonstrates the strong market appetite for modern workplaces that are well connected, environmentally sustainable and provide state-of-the-art facilities with a focus on health and wellbeing.”

Quotes attributable to Clover Moore, Sydney Lord Mayor

“This is a complex and nuanced development that serves both private and public interests, with an impressive office tower as well as public space with a beautifully designed community building, a major public artwork and by March next year, connected retail laneways, and public bicycle facilities.

“The exemplary goodwill and collaboration between Lendlease and the City of Sydney has resulted in a new precinct that has already attracted premium tenants such as Salesforce, will appeal to workers and visitors, and re-energise the northern part of Sydney.

“Buildings and precincts such as these will help to boost interest and investment in our city, will attract international visitors and provide a new and exciting place for workers, shoppers and residents – all of which is especially important now as we seek to recover from the impacts of the pandemic.”  

For more information:

Ashley Chrysler
External Affairs Manager – NSW/ACT
ashley.chrysler@lendlease.com
+61 472 653 297

Lendlease acknowledge the Traditional Custodians of the land on which Sydney Place is being built, the Gadigal people of the Eora Nation, and pay our respects to them and their elders - past, present and emerging.