Construction is underway on global software giant Atlassian’s 39-storey headquarters, which will anchor the Tech Central precinct and spearhead NSW’s innovation engine.

The NSW Government, in partnership with Atlassian, Dexus and YHA, announced that construction had commenced on the project, which is expected to be open in 2027.

Minister for Enterprise, Investment and Trade Alister Henskens said the NSW Government was excited to kick off construction on the award-winning concept, which incorporates a hybrid timber design and will be the tallest of its kind in the world.

“We are incredibly proud to see Atlassian’s Australian HQ come to life at Tech Central, progressing our goal of delivering the world's most sustainable, inclusive and creative innovation precinct,” Mr Henskens said.

“This iconic building will play a vital role in supporting NSW talent attraction and retention efforts and become a beacon for the technology industry.

“In a fierce global skills market, on its completion the building will boost our market competitiveness and welcome 5,000 future technology and supporting industry jobs, in addition to creating over 800 construction jobs.”

Atlassian Co-Founder and Co-CEO Scott Farquhar said the company was adapting to a new way of work since COVID-19, with the new office to play a unique role as the company reimagines traditional office spaces and how work gets done.

"We’ve been involved in the Tech Central vision from day one. Today marks a big milestone for us as we edge closer to constructing our new tower. Atlassian is built on bright ideas, strong values, and great teamwork, and we can’t wait to see this come to life in Atlassian Central,” Mr Farquhar said.

The first anchor tenant, Atlassian, will be joined by Afterpay, Canva, ROKT and Safety Culture in supporting the activation of the Tech Central precinct.

The development will provide 20 per cent of the 25,000 additional innovation jobs target, and over 20 per cent of the 250,000 square metres of space for technology companies across the precinct.

The mixed-use headquarters will offer an impressive and inclusive range of functions to cater for the workforce of tomorrow, with other floors of the building spanning retail, dining and affordable accommodation.

Dexus has reached agreement with Atlassian to fund, develop and invest in Atlassian Central.

Dexus CEO Darren Steinberg said today marks a significant milestone in Dexus’s partnership with Atlassian to deliver their Australian Headquarters.

“The world’s greatest city-shaping precincts are achieved through collaborative partnerships. This is a unique opportunity for Dexus and Atlassian to create a global leading workplace that challenges the status quo, with new benchmarks in sustainability and smart buildings,” Mr Steinberg said.

YHA CEO Paul McGrath echoed excitement for the commencement of construction.

“At YHA, we pride ourselves on providing spaces that facilitate social connection, discovery and creativity. Digital nomads in Australia are continuing to increase and are positioned in the heart of Atlassian’s building, creating a unique and sustainable space that aligns with not only the needs of the modern traveller but also our values,” Mr McGrath said.

For more information on the building visit atlassiancentral.com.au.