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23 pelican st
new 15st res for Surry hills  merchant Court 15st uc  200 goulburn st, surry hills proposed 15st  48 park st proposed 15storey office tower design by computer  new 15storey office tower for York st  91 quay st 15storey office tower approved  75 QUAY STREET 12storey office tower 26,000sqm  ---------------------------------- UNDER 10STOREYS 10st/70,000sqm office bldg for COMMONWEALTH BANK ($600m) will start late 08. demolition of Sega World (block model)  USYD CENTRAL BLDG UC  theres so much happening in Victoria park and Green square! ill slowly add them. 30 odea ave 10st  AUDI NATIONAL HQ  -------------------------------- OUTSIDE OF CBD homebush Hotel Ibis & CBA Hotel Ibis18 st/60m  North Building A 24 st/ 81m (Apartments)  NORTH SYDNEY ARC 22ST/85M UC  PARRAMATTA ECLIPSE 20storey office tower/89m 25,000sqm $160mil architects-Fitzpatrick & partners  sydney water 17st/76m UC  1015 Phillip st  CHATSWOOD Chatswood Transport Interchange APPROVED Three towers 1 -40st/168m 2 -36st/155m 3 -30st/116m  |
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Airport offices take wing Carolyn Cummins Commercial Property Editor Copyright SMH July 12, 2008 THE commercial property hub of Sydney's international airport is to be given a boost with the construction of a $39 million, 9000 square metre office building. The airport's commercial property precinct is the same size as that of North Ryde, and mirrors other progressive airports around the world that have such commercial precincts close to their terminals. It will be considered a viable alternative in office space to the CBD. The nine-storey Central Terrace Building will be opposite the entrance of Sydney Airport's International Terminal, and adjacent to the new multi-storey car park. There is a total of 150,000 square metres of space that can be developed on the site, similar to the amount of space in other commercial areas adjacent to airports such as Munich, Duesseldorf, Frankfurt, Schiphol in Amsterdam, and Hong Kong. The concept of airport cities has taken off across the world. Agents say people are happy to fly in, walk over the road, check into a hotel and then go next door to meetings. Construction of the building will be by Abigroup. It will be completed by the middle of next year. Rents are expected to be about $4000 a square metre, and large or small floor plates will be available. Access to the upgraded Sydney Airport food halls and retail areas is considered a plus for tenants to attract and retain staff. The chief executive of Sydney Airport, Russell Balding, said the new building emphasised again the growing economic importance of Sydney Airport. "Sydney Airport has a $500 million upgrade and expansion of the international terminal under way, and the $65 million, eight-storey car park for the international terminal will be opening this month," he said. "Around 650 businesses and other organisations operate in and around Sydney Airport, relying on the airport to generate jobs and incomes." He said the creation of a new "brand" of airport business district or accommodation class confirmed Sydney Airport as an important market sector within Sydney real estate. "With over 30 million passengers annually, it is the nation's busiest aviation hub for both passengers and freight, and deserves its reputation as one of the world's top airport," Mr Balding said. "By 2024 Sydney Airport is expected to be handling more than 20 million international passengers." The airport has appointed CB Richard Ellis to lease the Central Terrace Building, and it is marketing the opportunity locally, nationally and internationally. South Sydney, because of its proximity to the airport and Port Botany, and its lack of land that can be developed, has a record low vacancy rate. The Real Estate Institute of NSW said vacancy rates for the area in May were consistently lower than 1 per cent. CB Richard Ellis's leasing director, Daniel O'Brien, said a variety of tenants were showing interest in the Central Terrace Building. "The building has eight usable north-facing balconies, there are city-of-Sydney views from most floors and water views across the Cooks River to Botany Bay," he said. "There is parking available, and access to local amenities. "The South Sydney region is fast becoming a metropolitan relocation hub, attracting tenants from areas such as North Ryde and Crows Nest. Given its proximity to the CBD, access to all transport amenities, major arterial roads and very competitive rental rates, the new building is a strong option for tenants looking at traditional locations like Macquarie Park, North Sydney and Parramatta." |
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