Brookfield, Investa Complete $200m George Street Upgrade


Brookfield Properties and Oxford Investa Property Partners have completed a $200 million upgrade to a Sydney CBD corner site.

The joint-owners transformed the original 1970s office tower into 38,364sq m of A-grade commercial space and added a five-storey retail and commercial pavilion to the 388 George Street, Sydney site.

The office space is 60 per cent leased to anchor tenants Aware Super and QBE while 80 per cent of the retail space is under negotiation.

The ground plane and pavilion building was designed by architects Fjmt and the refurbishment of the 28-storey tower carried out by builder Multiplex.

Related: Brookfield’s $367m Tower Approval a Plus for Perth

▲ The building at 388 George Street, Sydney stands at a 45-degree angle to the street corner part of which is now a permanent pedestrian zone.
▲ The building at 388 George Street, Sydney stands at a 45-degree angle to the street corner, part of which is now a permanent pedestrian zone.

The doors to the front entry foyer are the first structural glazed revolving doors in Australia and the largest piece of glass used in the project weighed 2.4 tonnes measuring 7 by 3 metres.

The tower has a new lobby and end-of-trip facilities while the mixed-use pavilion has a rooftop bar and flagship retail spaces.

The design also includes a through-site link with the newly pedestrianised George Street connecting it to King Street.

Fjmt design director Richard Francis Jones said George Street building was originally designed by John Andrews in 1976 and stands at a distinctive 45-degree angle on the street corner.

“This new façade reinforces a juxtaposition between the new pavilion and the existing modernist tower whilst strengthening the streetscape of George Street,” Jones said.

“Our design will not only restore the street wall but also create a through-link on the site that will be a natural extension of the existing link between Pitt and King streets.”

Nearby in North Sydney, Investa and joint partner Oxford Properties Group have lodged plans for an angular $500 million commercial property on the site of the MLC building.


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