At a formal ceremony today, Charter Hall Group officially marked the topping out of construction on 333 George, the Group’s latest commercial development in Sydney’s CBDNSW Minister for Transport and Infrastructure, Andrew Constance MP, Charter Hall’s Head of Office, Adrian Taylor, and Watpac Constructions General Manager Construction, Nick Saclley all marked the occasion with a traditional tree planting on the top floor of the building.
Mr Constance said: “Commercial developments like 333 George highlight the incredible transformation we’re seeing in the CBD, and as new office and retail space comes online, the NSW Government is building the transport infrastructure to get people where they need to go more efficiently. Right on the doorstep of 333 George we’ll have the CBD Light Rail, with construction now in full swing.”
333 George, owned by the Charter Hall Prime Office Fund (CPOF), commenced construction in 2014 and is being developed by Charter Hall and constructed by Watpac Constructions.
The retail leases secured at 333 George Street represent nearly 30% of forecast income for the asset. Top four banking service provider, National Australia Bank (NAB) and international bank HSBC, will locate their two level flagship retail and premium banking facilities at the address with Woolworths also committing to a long term lease to operate a new Metro store on the lower ground level.
Charter Hall Head of Office, Adrian Taylor said: “Our strategy to actively manage our national $8 billion office portfolio is creating enhanced value for investors through the successful redevelopment of existing assets. The redevelopment of 333 George enhances CPOF’s portfolio quality and total return metrics, delivering investors with a coveted new Prime-Grade office asset in the tightly held core Sydney CBD precinct.
“To date we have secured retail tenancies with NAB, HSBC and Woolworths which along with agreed terms on the office space account for around 90% of the development ahead of completion,” Mr Taylor added.
The 18 level building is well located on the corner of George Street and Martin Place and features 15 levels of contemporary office space and three levels of highly sought after retail space that will engage with the city and amplify the experience of being within this prime CBD location.
Designed by Grimshaw architects, the defining feature central to the building's sense of community is its five levels of cascading rooftop terraces that blur the lines between indoor and outdoor working environments along with the highly-transparent floor to ceiling glazing that creates a sense of openness.
Grimshaw Partner, Andrew Cortese said: “The design delivers an elegant building where the constraints of the site are realised as distinct features which combine to provide a workplace of unique amenity and identity that reflects the character and distinction of its prominent locale.”
High performance glazing, rainwater harvesting and recycling as well as monitoring of energy use will minimise the building’s environmental impacts and provide a workspace that enhances employee wellbeing and comfort.
333 George Street has been awarded a 5 Star Green Star Office Design v3 certification and will provide its occupants with an unrivalled opportunity to experience a highly efficient and inspiring workplace.
L to R---Nick Saccley, Minister Andrew Constance, Adrian Taylor, Andrew Borger.