City Approves $3bn Central Place Sydney

The $3-billion Central Place Sydney project, the centrepiece of the city’s new Tech Central precinct, has taken the next step to becoming a reality.

The joint venture between Frasers Property Australia and Dexus has been approved by the City of Sydney for a site next to Central Station in the heart of the CBD.

The Fender Katsalidis, and Skidmore, Owings and Merrill-designed project, with landscape architecture by Arcadia, comprises 130,000sqm of A-grade commercial space across two towers as three forms—35 and 37 levels of commercial office and an eight-storey low-rise building, The Connector, designed to “enliven the precinct at street level”.

Central Place Sydney project director Kimberley Jackson said the approval would allow the project to further progress.

▲ Central Place Sydney has taken the next step towards fruition with approval from the City of Sydney.

“Our development has been designed to create a place where work and lifestyle can blend seamlessly, create an exciting new destination for Sydney and leverage what is already on offer as a thriving tech and innovation neighbourhood emerges,” she said.

Along with the neighbouring Atlassian Central and the proposed Toga slender tower development, Central Place Sydney “will create greatly improved outdoor landscaped spaces for workers and visitors as well as an expanded retail offering and elevated connections between neighbouring communities, allowing pedestrians to flow efficiently through and within the sub-precinct,” Jackson said.     

Subject to Central Place Sydney securing NSW government final stage approvals, construction is scheduled to begin next year and the first stage of the project delivered in 2027. 

Sydney’s emerging Tech Central precinct is expected to create 25,000 jobs by 2036 with a focus on science, technology, education and mathematics (STEM), along with life sciences and increased technology exports.