BROOKFIELD PLACE SYDNEY REACHES PRACTICAL COMPLETION
Brookfield Properties announced its $2 billion Brookfield Place Sydney development - the new heart of Wynyard in the Sydney CBD - has reached Practical Completion. Over nine years in the making, Brookfield Place has transformed the once neglected Wynyard precinct into a modernised transportation hub, with Premium Grade office facilities, multiple levels of retail and a revitalised Carrington Street.
It will soon welcome anchor tenants NAB, Allianz and Brookfield, alongside Hub Moelis Australia and a further commercial tenant to join the building later in 2021. The first retailers to open on the upper and lower concourse levels leading from George Street into Wynyard station, will commence trading in July.
On completion Brookfield Place Sydney will be owned by interests associated with Brookfield, AMP Capital Wholesale Office Fund, UniSuper and other investors managed by AMP Capital.
“The completion of Brookfield Place Sydney represents a significant milestone for this world-class precinct. Together with our partner, Brookfield, we are proud to be part of such a transformative, landmark address for Sydney that is set to deliver sustainable investment outcomes for our clients, while providing a premium workplace for our tenant customers,” said Kylie, O’Connor, Head of Real Estate, AMP Capital.
Brookfield Place is the premium brand awarded by Brookfield to a select group of best-in-class, large commercial property precincts globally that deliver on a strict range of criteria including outstanding transport connections, state-of-the-art building systems, premium workspaces, high level retail amenity, leading sustainability credentials, 24/7 security, amenities for wellness and curated placemaking activities. Only five other Brookfield Places exist in the world with sister assets located in New York, Toronto, Calgary, Dubai and Perth. The development has achieved a 6 Star Green Star Design v3 rating.