23.01.20 / THE AUSTRALIAN
The co-working industry is showing signs of flourishing locally with the listed Victory Offices taking space in the heart of Sydney even as rival WeWork stumbles globally and landlords take a more cautious stance towards some smaller operators.
In just over nine months, the building formerly located at this prime corner location has been demolished to its lowest level to make way for John Holland’s new 15-story boutique office tower, 275 George St. The new building was bought by Japanese real estate firm Daibiru Corporation in August 2018.
Executive General Manager Development & Investments Tom Roche said he is pleased to see the development take another important step forward.
“This is an incredible achievement for John Holland as it means our vision for this flagship commercial building located in the heart of Sydney CBD is truly on its way,” he said.
“We look forward to the new tenants moving in next year where they will be able to experience, firsthand, the great benefits that 275 George St provides.”
Innovative measures were adopted during the demolition process, including relocating and reusing existing steel trusses to support a loading platform to assist with the removal of the debris. This approach minimised disruption to one of Sydney’s busiest streets, reduced the impact on the environment by requiring new steel, and helped keep the project on track.
With the crane now installed, the project moves into its final phase as the tower will begin to rise from the basement levels.
When complete in 2020, occupants of 275 George St will benefit from spacious column free workspaces filled with natural light, retail opportunities at ground, first and subterranean levels and premium end-of-trip facilities.
Tenants will also enjoy the large outdoor terrace and sweeping views down George Street from the upper levels. The building is targeting a 5 Star Green Star rating and a 5 Star NABERS Energy rating.
John Holland is proud to showcase our capabilities as a fully integrated property and infrastructure company by delivering 275 George St, a building that will set the benchmark for the next generation of Grade-A workplaces.
John Holland is one step closer to delivering a premium office space in the heart of Sydney’s CBD, with major demolition work officially underway on our 275 George St development.
Groundwork commenced at the 7,300sqm strategic site earlier this year and preparations were made for the demolition of the existing building to make way for the new 15-level office tower. The installation of demolition scaffolding and the relocation of cabling work is now complete.
Executive General Manager Development & Investments, Tom Roche, said reaching this point is an incredible milestone for John Holland.
“This is the first Grade-A office tower in the Sydney CBD developed and built by John Holland, so it is a proud moment to be able to demonstrate our capabilities as a fully integrated property and infrastructure company.
When complete in 2020, 275 George Street will stand as an office tower benefiting from natural light to 3 sides, advantageous views down George Street towards Circular Quay and to the east along Hunter Street, with a multitude of public transport on its doorstep. Its highly sought-after 500sqm column free floor plate is equipped for the modern workforce, providing the option for greater densities while the building amenity caters for premium end-of-trip facilities and food and beverage options.
The building is targeting a 5 Star Green Star rating and a 5 Star NABERS Energy rating.
15.08.18 / THE AUSTRALIAN
Sydney’s office market is running hot with Chinese-backed group John Holland claiming a new benchmark on the $240 million sale of its prime office development at 275 George St.