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RetailDinah Lewis BoucherThu 14 Feb 19

Deloitte Makes $3bn Circular Quay Tower Its New Headquarters

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Accounting firm Deloitte Australia will establish its new headquarters in Quay Quarter Tower in Circular Quay.

The commitment will see Deloitte become the anchor tenant in AMP Capital’s $3 billion tower, after taking a 10-year lease over approximately 32,000 square metres.

AMP Capital commenced construction on the Tower after securing a $900 million investment from super fund platform Rest in April last year.

Quay Quarter Tower, located at 50 Bridge Street, is owned by investors in the AMP Capital Diversified Property Fund (ADPF), AMP Capital Wholesale Office Fund (AWOF) and Rest, who will acquire a one-third interest in the tower when finished.

The latest leasing announcement brings the total pre-commitment of the tower to 76 per cent, following AMP’s announcement in late 2016 when it agreed to take 35,000 square metres.

Related: Office Vacancy Rates Hit Decade Lows

The 200-metre-high, 50 storey tower, is designed by Danish architects 3XN.


Construction of the 200- metre-tall tower by Multiplex is on schedule for completion in early 2022.

Quay Quarter Tower, designed by Danish architects 3XN, forms part of the Quay Quarter Sydney precinct, which spans two city blocks including 33 Alfred Street and the Loftus Lane mixed use residential and retail laneways precinct.

Lobby interiors are by London architect Tom Dixon’s Design Research Studio, while the tower’s Market Hall is designed by AvroKo of New York.

The tower has more than one acre of green space, including landscaped sky park and terraces in its vertical villages.

RetailResidentialOfficeAustraliado not useConstructionReal EstateConstructionSector
AUTHOR
Dinah Lewis Boucher
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Article originally posted at: https://theurbandeveloper.com/articles/deloitte-makes-3bn-circular-quay-tower-its-new-headquarters