Mirvac, along with consortium partners AMP Capital and Sunsuper, has completed its third building at Sydney’s South Eveleigh technology hub, formerly known as the Australian Technology Park.
The ASX-listed developer's latest completion, The Foundry, will now welcome the technology teams and innovation labs of anchor tenant Commonwealth Bank.
Mirvac has dubbed the new 55,000sq m commercial building, Australia’s first “groundscraper”, due to its low-lying six-storey height and sprawling 9,000sq m floorplates.
The interior of the building includes large open “hackable spaces”—where barriers to collaboration can be removed—as well as quiet retreat zones for concentrative work.
The FJMT-designed office building, one of the largest of its kind delivered by Mirvac to date, used 3 kilometres of balustrade, 2,000sq m of skylights, and over 9,000 tonnes of steel during construction.
Mirvac chief executive Susan Lloyd-Hurwitz said the building's completion marked a significant milestone in the final stages of the South Eveleigh vision to create a world-class hub for culture, commerce and the community.
Upwards of 10,000 Commonwealth Bank employees are now expected to be spread between two locations within the business park, the largest number of employees the bank has ever been able to accommodate on a single site.
Commonwealth Bank began its move from locations Olympic Park, Parramatta and Lidcombe to South Eveleigh midway through last year following the completion of the precinct's first building, Axle.
The second completed building is the precinct's community centre Yerrabingin House, which also houses a gym, childcare and an Indigenous rooftop farm.
By the beginning of next year, South Eveleigh will consist of nine commercial buildings surrounded by shared public spaces and a mix of retailers including a supermarket, hairdresser, gym and cafes and will be home to 18,000 workers.
The precinct will also provide more than 700 car spaces, as well as 600-plus secure bicycle spots across the three buildings.
Refurbishment of the heritage Locomotive Workshops in the precinct is also under way and is expected to be completed later this year.