Mirvac Tops Out Trio of Green Square Towers

Three of Mirvac’s residential towers in Sydney’s $13-billion Green Square have topped out.

The trio—The Frederick (23 storeys), Portman on the Park (12 storeys) and Portman House (11 storeys)—comprise 311 homes and have a combined construction value of more than $210 million.

The Green Square precinct in Zetland, in Sydney’s west, is one of the largest urban renewal projects in Australia. 

Mirvac chief executive, development, Stuart Penklis said the completion of the three buildings “forms a significant milestone for the ongoing evolution of Green Square from one of the city’s oldest industrial suburbs to Sydney’s first new town centre in more than a century”.

“The new community we are delivering in partnership with state and local government at Green Square has already contributed homes for more than 1000 residents and these three new apartment buildings will mean a further 685 residents will call the precinct home by the end of 2023. 

“On completion, Mirvac will deliver more than 1600 apartments in Green Square, along with state-of-the-art office and vibrant retail spaces, and substantial public spaces within the Green Square Town Centre.”

Penklis said Green Square was “a great example of government and industry coming together to not only generate more places close to the city for Sydneysiders to call home, but also foster a community that will meet the needs of its residents for years to come”.

Green Square by Mirvac has been under way for more than nine years and the precinct is now home to an internationally acclaimed library and Civic Plaza, as well as the 6200sq m Drying Green, Gunyama Park Aquatic and Recreation Centre, Green Square train station, Joynton Avenue Creative Centre, and more than 40 parks.

▲ Milestone: Toby Long and Stephanie James, from Mirvac, City of Sydney City Planning, Development & Transport director Graham Jahn, NSW planning minister Paul Scully, Sydney Lord Mayor Clover Moore and Mirvac chief executive of development Stuart Penklis at the topping out ceremony.

The Green Square Public School, set to cater for 600 primary students, began construction in August. 

Landcom, the NSW government’s land and property development organisation, and Mirvac began working on the Green Square urban renewal project in 2012.

Penklis said more than 80 per cent of the towers’ apartments had sold.
“As our national immigration rates return to pre-pandemic levels, and with national unemployment rates at a near 50-year low, we are seeing buyers acting decisively in the tightening market to secure quality, larger apartments setting themselves up for future growth,” he said.

“Green Square is an ideal example of incorporating ESG principles into residential development, creating ‘good density’ modelled on a new approach to sustainable inner-city living leveraging new and existing infrastructure.”