Development giants Frasers Property Australia, Sekisui House and Impact Investment Group have struck a major tenancy deal with the University of Technology Sydney at their landmark Central Park project.
The university’s Graduate School of Health will take up a 15-year tenancy occupying 100 per cent of One Hundred Broadway, and become the masterplanned community’s newest commercial tenant by mid-2019.
One Hundred Broadway is Central Park’s main commercial structure, a six-level building providing 5,500sq m of floor space and is due for completion later this year.
Related reading: NSW Government to Open Up Ultimo Powerhouse Site to Developers
Singapore-owned Frasers Property Australia and Japan’s Sekisui House developed “Duo” as part of their $2 billion Central Park precinct. One Hundred Broadway is the commercial element of the Fosters + Partners-designed Duo towers.
“As UTS sought to meet the needs of its fast-growing Graduate School of Health, it made sense for it to look to Central Park, being so close to the university’s city campus,” Central Park project director Mick Caddey said.
When UTS’s graduate school relocates to One Hundred Broadway, it will provide postgraduate courses in the disciplines of pharmacy, clinical psychology, orthoptics and physiotherapy, along with new programs such as genetic counselling, Indigenous health and speech pathology, as they are developed.
Related reading: Crown Group’s $1bn Urban Hub ‘Eastlakes’
The university will also operate a multidisciplinary primary health care clinic that will support teaching and research while simultaneously in providing health services to the community.
Subject to planning approval, the fit-out will feature practice-based learning pod classrooms, clinical simulation rooms that mimic the clinical environment, and collaborative meeting rooms and work spaces.
Impact Investment Group entered into an options agreement with Frasers and Sekisui House last year to acquire hotel and commercial space at Duo. The $190 million deal included the 300-room Four Points by Sheraton, Central Park hotel, and the now fully-tenanted One Hundred Broadway.
Currently under construction, the development will be due for completion in late 2018. The Graduate School of Health expects to begin operating there in mid-2019.