Lendlease today marked the official completion of its flagship commercial building in Sydney Place at Circular Quay, Salesforce Tower, which officially holds the mantle for Sydney’s tallest office tower.

Designed by one of the world’s leading architecture firms Foster + Partners, Salesforce Tower soars 55-storeys, or 263 metres, and has attracted high interest from prospective tenants, with the building now over 80 per cent leased.

Since the start of construction in 2018, the project has supported more than 2,000 jobs, with 100 per cent of tradespeople from local businesses within Greater Sydney, totalling nearly 2.7 million hours worked on-site. The tower is comprised of 9,500 tonnes of steel and 42,000 cubic metres of concrete.

Anchor tenant Salesforce, the global leader in CRM, will move into the tower mid-next year.

Jones Lang LaSalle (JLL), Australia’s largest commercial property services firm will relocate its Sydney headquarters to levels 25-27, with Greenhouse, a new hub for climate technology and innovation by venture capital company Investible on levels 1-3. Asia Pacific’s leading premium flexible workspace provider, The Executive Centre, and one of the world’s largest privately held investment managers, Wellington Management, will also join the tower. Major tenants are expected to move in from early next year.

The Sydney Place precinct is set to revitalise Circular Quay, with 24 new laneway retailers, including signature dining, must-visit bars and the much-anticipated Jacksons on George, which is expected to open mid-2023.

Approximately half of the Sydney Place precinct is dedicated to the public, including the first plaza on George Street in decades. It is framed by a one-of-a-kind community building, designed by esteemed British architect Sir David Adjaye in partnership with Indigenous Australian artist Daniel Boyd, and transferred to the City of Sydney’s ownership on completion this year. The precinct will also host the city's first Public Cycling Facility, located underneath the plaza.

Installation of the Plaza Community Building’s distinct rooftop canopy art, also designed by Daniel Boyd, is complete, and a second major public artwork, designed by Louise Zhang in partnership with Dennis Golding, has been installed in the through-site link and will be open in March 2023.

Sydney Place has been awarded a Platinum WELL Shell and Core rating and the Green Building Council of Australia’s 6 Star Green Star Design rating and is targeting a 5.5 Star NABERS energy rating.

The tower was developed and constructed by Lendlease, in a joint venture with China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia.

Tom Mackellar, Managing Director of Development, Lendlease said, “The completion of Sydney Place’s centrepiece, Salesforce Tower at 180 George Street, will reignite the Circular Quay precinct, creating a rich dining and retail experience for workers and visitors to enjoy.

“Achieving more than 80 percent leasing, the flagship commercial tower has redefined the city’s spectacular skyline and demonstrates the strong market appetite for modern workplaces that are well connected, environmentally sustainable and provide state-of-the-art facilities with a focus on health and wellbeing,” said Mackellar.

Clover Moore, Sydney Lord Mayor said, “This is a complex and nuanced development that serves both private and public interests, with an impressive office tower as well as public space with a beautifully designed community building, a major public artwork and by March next year, connected retail laneways, and public bicycle facilities.

“The exemplary goodwill and collaboration between Lendlease and the City of Sydney has resulted in a new precinct that has already attracted premium tenants such as Salesforce, will appeal to workers and visitors, and re-energise the northern part of Sydney.

“Buildings and precincts such as these will help to boost interest and investment in our city, will attract international visitors and provide a new and exciting place for workers, shoppers and residents – all of which is especially important now as we seek to recover from the impacts of the pandemic,” said Moore.

Related Reading:

Lendlease among first in Australia to unlock fossil fuel-free construction | The ASEAN Developer

Newmark Capital secure approval for mixed-use office and serviced apartment precinct at Brandon Park | The ASEAN Developer

Pallas Group expands Sydney presence with $80 million Manly project | Commo.

Landmark Auckland CBD department store for sale - Whillans Realty Group | Commo.