Atlassian will move ahead on plans to build a Tech Central tower with timber next to Central Station in Sydney after winning approval on the plans to be developed by Dexus

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Atlassian will move ahead with plans to build a $1-billion-plus tower next to Central Station in Sydney after winning approval for its plans.</p><p>Dexus will develop the tech company’s headquarters as part of a 39-storey mixed-use tower at 8-10 Lee Street, Haymarket in <a href="https://www.theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">Sydney’s tech central</a> precinct.</p><p>The plans by ShoP Architects and BVN show an “expansive” lobby, retail and dinning on the ground floors, while levels one to six would accommodate the Railway Square YHA and levels seven to 39 would be the Atlassian global headquarters.</p><p>This equated to 58,683sq m of office, 7952sq m of backpackers accommodation, 2579sq m of lobby and retail, along with 492sq m of basement floorspace. </p><p>The five uppermost floors of the building would create an open air environment for wellness facilities, meeting areas, lounge spaces, dining areas and planted terraces.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/5ea86bd3-f8dd-4a1d-a421-a5ae513531ad.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Atlassian global headquarters will anchor Tech Central a 24 hectare precinct in Sydney.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The lower levels incorporated the heritage railway parcels shed and YHA hostel into the development along with a two-level pedestrian link zone to be eventually transferred back to Transport for NSW.</p><p>The 3764sq m site would link the station with Toga and Adina Hotel to the west of the site and Dexus-Frasers site to the south as well as public transport.</p><p>The Sydney-based software company with links to Airbnb, Cisco, ebay, Toyota, Redfin, NASA and Kaiser Permanente originally <a href="https://www.theurbandeveloper.com/articles/atlassian-unveils-timber-tower-hq-at-tech-central">unveiled the plans</a> in June, 2020 and six months later lodged the development application.</p><p>In that time, <a href="https://www.theurbandeveloper.com/articles/dexus-confirms-14bn-atlassian-tower-backing">Dexus committed</a> to funding, developing and investing $1.4 billion in the company headquarters within Sydney’s tech central precinct.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/585b007a-0cde-400f-aa38-9de96fa6981a.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The other designs considered for the site by 3XN/GXN, MVRDV + COX, John Wardle Architects + SO-IL and Shigeru Ban + Tol&amp; + PTW.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The design of the tower would achieve high sustainability outcomes for climatic control as well as the use of mass timber according to the application.</p><p>“The design intent of the exterior façade materiality is based on a lighter palette scheme that contrasts with the saturated colour scheme of natural materials at the interior of the building, including mass timber and landscape areas,” the application said.</p><p>“The outer façade is composed of staggered light grey aluminium panels supported by a steel structure that wrap around the exoskeleton columns in between steel mega floors.” </p><p>The vision of the project was to also create 24-7 activation, incorporate the area’s history and improve the public realm for pedestrians while creating an innovative, sustainable anchor development for the precinct.</p></div></div></div></div></div>

Atlassian will move ahead on plans to build a tower next to Central Station in Sydney after winning approval on the plans to be developed by Dexus

Project in Focus: Sydney’s Central Precinct

Tech Central, a new technology hub next to Central Station and above its rail yards, is set to drastically expand the southern end of Sydney’s CBD...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Dexus has confirmed it will fund, develop and invest $1.4 billion in Atlassian’s 40-storey timber tower headquarters in Sydney’s Tech Central precinct.</p><p>In a statement the ASX-listed landlord confirmed <a href="https://www.theurbandeveloper.com/articles/dexus-takes-stake-in-atlassian-skyscraper-offloads-grosvenor-place">months-long industry speculation</a> it had taken a stake in Atlassian’s timber tower that will anchor the tech precinct next to Central Station.</p><p>The development, on the 3487sq m site at 8-10 Lee Street, will comprise a 50-level office tower with retail amenities and a new YHA accommodation at its base. </p><p>It would also provide for a new public realm around Central Station.</p><p>Dexus chief executive Darren Steinberg said Atlassian would take  a 15-year lease with a tenancy for its headquarters. </p><p>“The Atlassian tower is a great example of the future of workplace and is aligned with our purpose of creating spaces where people thrive,” Steinberg said.</p><p>“We look forward to welcoming Atlassian as a new customer and co-owner onto our platform and building out our developments within the Tech Central precinct.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d80046ae-277c-4b2b-aae9-d8d9613ae223.png" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Dexus will fund the $1.4bn development through debt facilities with potential for third party capital. Images: Dexus</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The project aims to achieve a 6-star NABERS Energy and 6-star Green Star design ratings. </p><p>New York-based SHoP Architects alongside Australian firm BVN are designing the timber tower for the wellbeing of its occupants with four-storey sections known as habitats to include <a href="https://www.theurbandeveloper.com/articles/atlassian-unveils-timber-tower-hq-at-tech-central">naturally ventilated areas</a>. </p><p>Dexus will act as development manager, funding 100 per cent of the project costs during construction, and retain a long-term equity interest in the asset. </p><p>The binding agreement is subject to planning and government approvals, which was expected at the end of this year, with construction to commence in 2022 and reach completion in 2026.</p><p>Dexus chief investment officer Ross Du Vernet said the acquisition increased the city-shaping development pipeline and provided appealing “risk-adjusted returns”.</p><p>“The exciting sustainability outcomes and initiatives championed at this development are consistent with our ambitions and will enable us to leverage this innovation across our broader platform,” he said.</p><p>Dexus will fund the costs of the development through debt facilities with the potential for third-party capital prior to completion. The development project will have no impact on Dexus’s Adjusted Funds From Operations or distribution per security in FY22.</p><p>The NSW government plans to attract more than 25,000 workers to the precinct. </p><p>The building will reach 180m high with a glass and steel facade and solar panels, along with planted terraces and natural ventilation. </p><p>A development application is yet to be lodged for the site. </p><p></p></div></div></div></div></div>

In a statement the ASX-listed landlord confirmed months-long industry speculation it had taken a stake in Atlassian’s timber tower...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Dexus has taken a 50 per cent-plus stake in Atlassian’s $1-billion timber tower anchoring Sydney’s <a href="https://theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">tech precinct</a> next to Central Station. </p><p>While the ASX-listed landlord declined to comment on the speculation, industry sources said that the transaction was struck on a “low 4s” cap rate—reflecting the strong occupancy profile of the Nasdaq-listed <a href="https://theurbandeveloper.com/articles/sydneys-silicon-valley-secures-software-giant-atlassian">tech giant Atlassian</a>, who will remain an equity partner in the project.   </p><p>The 40-storey <a href="https://theurbandeveloper.com/articles/atlassian-unveils-timber-tower-hq-at-tech-central">skyscraper</a> has 60,000sq m of net lettable area, with Atlassian’s headquarters taking at least 85 per cent of the tower’s office space, leaving just six floors. </p><p>Based on comparable office rents—Poly’s <a href="https://theurbandeveloper.com/articles/poly-george-street-tower">210 George Street</a> is leasing for around $1,300 a square metre—and a sub 4.5 per cent cap rate, the 60,000 square metre office likely transacted around the $28,000 per square metre-mark. </p><p>Dexus pipped fund manager ISPT to the sought-after partnership and is understood to be finalising negotiations with Atlassian.</p><p>The timber skyscraper will add to its neighbouring $2.5-billion twin-tower <a href="https://theurbandeveloper.com/articles/dexus-frasers-name-architect-for-25bn-central-place">Central station plans</a>, which will bring 150,000sq m of net lettable area to the market once developed. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/0ddec65a-4f24-4db6-bf86-de558a828203.jpg" width="870"/></picture><div><span style="align-content:center;opacity:0.8">▲ Dexus is selling a 50pc stake in the Harry Seidler-designed Grosvenor Place.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Meanwhile, a 50 per cent stake in Dexus’ 44-storey Grosvenor Tower has hit the market. The group’s Grosvenor Place Holding Trust owns a 37.5 per cent interest in the tower, according to financial statements. </p><p>A Dexus spokesperson confirmed that the group is selling down its entire interest in the tower, which lost <a href="https://theurbandeveloper.com/articles/deloitte-makes-3bn-circular-quay-tower-its-new-headquarters">anchor tenant Deloitte</a> to AMP’s Quay Quarter last year.</p><p>Chinese sovereign wealth fund China Investment Corporation is believed to have picked up another 50 per cent to add to its existing 25 per cent ownership in the tower, <em>The Australian</em> first <a href="https://www.theaustralian.com.au/business/property/china-wealth-fund-behind-1bn-grosvenor-place-swoop/news-story/391c83175eecd12fadd5b5d1df2842f7">reported </a>last week.   </p><p>In Melbourne, Dexus <a href="https://theurbandeveloper.com/articles/dexus-offloads-452-flinders-street-for-450m">offloaded</a> the 22-storey 452 Flinders Street to German investor Deka Immobilien for $440 million. Chief executive Darren Steinberg said that the group will <a href="https://theurbandeveloper.com/articles/dexus-offloads-office-assets">continue to recycle assets</a> to invest in more resilient markets. </p><p>“With Australia in a recession, we are preparing for subdued tenant demand and increased vacancy levels in our core office markets,” Steinberg said.</p><p>The country’s largest office landlord <a href="https://theurbandeveloper.com/articles/dexus-offloads-office-assets">reported</a> that it collected 98 per cent of its rent across the June quarter, while the group’s office portfolio occupancy remained steady at 95.6 per cent.</p></div></div></div></div></div>

Dexus has taken a 50 per cent stake in Atlassian’s $1 billion timber tower anchoring the government-backed tech precinct...

Tech-giant Atlassian has given a first look at the world’s tallest hybrid-timber tower to be built next to Sydney’s central station in the Tech Central precinct.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Tech-giant Atlassian has unveiled a first look at the world’s tallest hybrid-timber tower to be built next to Sydney’s central station.</p><p>The 40-storey, $1 billion-plus skyscraper will anchor the NSW government-backed <a href="https://theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">technology precinct</a>, Tech Central. The government plans to attract more than 25,000 workers to the emerging precinct by 2025.</p><p>Topping out at 180 metres, Atlassian’s new timber headquarters will have a glass and steel facade with solar panels incorporated into the sides, along with a mix of indoor and planted terraces with natural ventilation.</p><p>While the tech giant is yet to lodge a development application for the project, Atlassian hopes to start construction in 2021 and complete the skyscraper in 2025. </p><p>Related: <a href="https://theurbandeveloper.com/articles/timber-tower-proposals">Timber Towers Grow to New Heights: 7 Projects to Watch</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><iframe sandbox="allow-forms allow-scripts allow-pointer-lock allow-same-origin allow-top-navigation allow-presentation" class="embed-responsive-item" allowfullscreen="" frameBorder="0" style="max-width:574px;width:-webkit-fill-available" height="300px" src="https://youtube.com/embed/QGoZ5t-dq7E"></iframe></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>New York-based architects SHoP and Australian practice BVN are the design team behind the building which uses hybrid mass timber construction.</p><p>The upper floors comprise flexible office space directed at tech-businesses while the lower floors of the tower would include 480 beds of Railway Square YHA accommodation as well as the heritage Parcels Shed which would be incorporated into public space on the site.</p><p>The mass timber tower will join already-completed timber towers including Lendlease’s 30 metre Daramu House at Barangaroo and 25 King Street in Brisbane which tops out at 45 metres.</p><p>Related: <a href="https://theurbandeveloper.com/articles/toga-plans-redevelopment-sydney-tech-hub">Toga Group Plans Mixed-Use Project at Central Precinct</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/db148e98-a381-4c0a-885c-18321dbc64ae.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ First look: Atlassian&#x27;s 40-storey building features a glass and steel exoskeleton built next to Sydney&#x27;s central station.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Atlassian co-founder Scott Farquhar said the space that they were building would be highly sustainable and highly flexible for the work of tomorrow.</p><p>“Even with a highly distributed workforce, we’ll need a place to come together. Now we can design this space especially for these new ways of working,” Farquhar said.</p><p>“Sydney has the potential to be one of the world’s leading technology cities and the creation of a tech precinct sends a loud signal that we’re in the race to take a slice of the world’s most valuable market.”</p><p>Related: <a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world">Five Global Tech Hubs from Around the World</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/6cc4d746-9598-4c2f-8538-b470bb277e82.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The building at the Tech Central precinct includes a mix of indoor and outdoor terraces with natural ventilation.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>BVN co-chief executive officer Ninotschka Titchkosky said the build would achieve a number of firsts globally and in Australia.</p><p>“It will make what was once best practice seem inadequate and hopefully lift the ambition of the built environment across Australia,” Titchkosky said.</p><p>NSW premier Gladys Berejiklian has already shown support for the timber skyscraper in Sydney.</p><p>“Atlassian is a great Australian success story and it’s very fitting for them to have their headquarters here in Sydney,” Berejiklian said.</p><p>“Tech Central will rival Silicon Valley as the place to be.”</p></div></div></div></div></div>

Tech-giant Atlassian has given a first look at the world’s tallest hybrid-timber tower to be built next to Sydney’s central station at Tech Central.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Australia’s largest tech company Atlassian will anchor a 35-storey skyscraper above a new Silicon Valley-esque technology hub next to Sydney’s Central Station.</p><p>More than a year after premier Gladys Berejiklian first flagged <a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world">plans</a> to transform the southern end of the CBD into a <a href="https://theurbandeveloper.com/articles/sydneys-silicon-valley-secures-software-giant-atlassian">tech and innovation hub</a>, the NSW government has released the first images of its vision for the 24-hectare Central Precinct.</p><p>The proposal sets out the urban renewal of the precinct into a transport-centered commercial district, improving public connections to bordering suburbs Chippendale, Surry Hills, Ultimo and Redfern and providing green walkways to Belmore and Prince Alfred parks.</p><p>The southern central Sydney location “provides a natural extension to the city’s development”, the draft strategy <a href="https://shared-drupal-s3fs.s3-ap-southeast-2.amazonaws.com/master-test/fapub_pdf/A+A+western+gateway/Appendix+C+-+Central+Precinct_Draft+Strategic+Vision_Print+View.pdf">reads</a>, connecting the city at its boundaries and creating a centre for the “jobs of the future”. </p><p>“The opportunity is comparable [to] large urban renewal programs including Kings Cross, Euston and Olympic Park in London and Hudson Yards in New York.” </p><p>Related: <a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world">Five Global Tech Hubs from Around the World</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/a1d75934-0f10-42f1-bba6-5e76e1123795.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">▲ Artists impression of the possible scale of the Sydney Central Station redevelopment. Image: Urban Growth NSW.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Atlassian co-founder Scott Farquhar confirmed that the company is working with state agencies and local government on the precinct.</p><p>“We want to help create the jobs of the future and contribute to the 25,000-plus additional innovation jobs that the precinct is expected to deliver.</p><p>“That is what the tech precinct is all about. It will breathe new life into the Central Station area, while also preserving its history and heritage.” </p><p>The Nasdaq-listed company is working on a preliminary scheme for a 35-storey, circa $800 million tower which will include a mixed-use hotel, retail and innovation space on the site of the Railway Square YHA backpackers.  </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/8565fc63-931c-42d4-b084-f3b58a0d5424.jpg" width="700"/></picture><div><span style="align-content:center;opacity:0.8">▲ A preliminary rendering of the towers at the Western Gateway sub-precinct, set to be anchored by Atlassian. Image: Urban Growth NSW.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>While the tech firm has appointed Avenor as an external development advisor, it is yet to appoint an architect or construction partner. </p><p>Atlassian <a href="https://theurbandeveloper.com/articles/sydneys-silicon-valley-secures-software-giant-atlassian">first announced</a> an in-principle agreement with the NSW government in February, with plans for the precinct to become a “technology ecosystem”. </p><p>“This precinct will be a home to future generations of Australians who might otherwise take their great ideas overseas,” Farquhar said.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/569ac5fb-ebdd-43a0-8457-227d9faa7987.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ The draft strategy includes precedents of public connections and pedestrian walkways, including Sydney&#x27;s Green Square.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The government has broken down the 24-hectare Central Precinct plans into a series of sub-precincts, including the western gateway sub-precinct which the government says has the potential to kick off the development of the larger precinct.</p><p>ASX-listed development giant Dexus controls a large swathe of <a href="https://theurbandeveloper.com/articles/dexus-consolidates-office-stranglehold-in-sydney-melbourne-">long-term leaseholds</a> in the area and is currently working through an <a href="https://theurbandeveloper.com/articles/dexus-frasers-progress-plans-for-sydneys-silicon-valley-at-central-station">unsolicited proposal</a> for a large-scale mixed-use development above the Henry Deane Plaza. </p><p>The developer partnered with Frasers on the proposal, which includes the redevelopment of the plaza at Lee Street, while recently <a href="https://theurbandeveloper.com/articles/dexus-consolidates-office-stranglehold-in-sydney-melbourne-">consolidating</a> its hold—spending $354 million on strata offices—on Pitt Street. </p><p>“While land within the [western gateway] sub-precinct is government owned, it is within long-term existing leaseholds and is subject to private sector redevelopment proposals,” the NSW government said.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/6d8a9608-a7c5-4756-aef1-51b94307a3f7.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">▲ A rendering of Dexus and Frasers proposal for the Henry Deane Plaza at Sydney&#x27;s Central Station.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Lord mayor Clover Moore welcomed the Central Precinct plans as a “forward-thinking development of what is a really under-utilised part of our city”.</p><p>“For years, debate has raged over what we should do with the land above and around the Central Station rail yards,” Moore said.</p><p>“Now NSW planning and Atlassian have a plan I’m excited about—a high tech precinct above the rail yards, connecting the surrounding suburbs with new walking connections.”</p></div></div></div></div></div>

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>The $25 billion Australian-born software giant Atlassian is set to become an anchor tenant at </strong><a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world"><strong>Sydney’s Innovation and Technology precinct</strong></a><strong> located at Central-Eveleigh.</strong></p><p>Atlassian co-CEO Scott Farquhar confirmed an in-principle agreement with the New South Wales government had been reached for what would be its new Sydney headquarters near Central Station.  </p><p>The state government is promoting the area as the digital destination of Australia. </p><p>Farquhar this week said his hopes for the new precinct would become a “technology ecosystem”, creating benefits for start ups and large tech companies alike. Something his company didn&#x27;t have starting out in Sydney almost 20 years ago. </p><p>Founded by best friends Mike Cannon-Brookes and Scott Farquhar in 2002, the homegrown giant has since become Australia’s biggest tech success story.</p><p>Atlassian is responsible for the likes of Trello and Jira, the latter a product popular for helping developer teams track software bugs. </p><p>Last month Nasdaq-listed Atlassian reported $1 billion in annual revenue for the first time ever, beating Wall Street’s expectations. </p><p>Related: <a href="https://theurbandeveloper.com/articles/atlassian-builds-belonging-over-diversity-in-the-workplace-">Tech Giant Champions ‘Belonging’ in the Workplace</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/56ed7612-f1bc-4ca2-9068-5e4143a6e0d4.png" width="1898"/></picture><div><span style="align-content:center;opacity:0.8">NSW Premier Gladys Berejiklian on Tuesday, with Farquhar, announced Atlassian would be an anchor tenant</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>And as New South Wales heads to the polls next month, with an election slated for March 23, Premier Gladys Berejiklian also took the opportunity to announce initiatives across four planned employment precincts to be created at Eveleigh, Liverpool, Lucas Heights and the Central Coast. </p><p>“These new precincts will bring together universities, major hospitals, small businesses and start-ups, 250,000 new jobs,” Berejiklian said.</p><p>The three other precincts would include the Liverpool Health and Innovation Precinct, with three universities signing a statement of intent for the precinct around the redeveloped Liverpool hospital. </p><p>A $12.5 million fund towards the development of a nuclear medicine and technology hub set for Lucas Heights in Sydney&#x27;s south, and the creation of a Central Coast education and employment precinct aiming to revitalise Gosford CBD.</p><p>“These precincts will bring together universities, major hospitals, industry leaders and startups to deliver more job opportunities across Sydney and the Central Coast,” Berejiklian said.</p></div></div></div></div></div>

Home-grown $25 billion software giant Atlassian will become an anchor tenant at Sydney’s tech hub in Central-Eveleigh.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Software giant Atlassian is going “beyond diversity”. </strong></p><p>Instead it says it&#x27;s focusing on something deeper, a fundamental need that we all have, creating a sense of belonging. </p><p>“We&#x27;ve always said that we want people to be able to do the best work of their lives at Atlassian, and we know that feeling like you belong is crucial in order to fulfil that,” Atlassian said in its 2018 State of Diversity Report.</p><p>Related: <a href="https://theurbandeveloper.com/articles/atlassian-co-founder-mike-cannon-brookes-buys-late-lady-mary-fairfaxs-100m-fairwater-mansion">Atlassian Co-Founder Buys $100 Million Fairwater Mansion</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ea7149bc-61a7-43ce-b8f1-1b07747b5026.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">Atlassian&#x27;s global head of diversity and belonging Aubrey Blanche</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><br><strong>Balance and belonging vs diversity </strong></h2><p>Atlassian&#x27;s Diversity Report shows people associate the word “diversity” with underrepresented people, which it says is getting in the way of progress.</p><p>Research has shown diverse teams perform better, but Atlassian&#x27;s global head of diversity and belonging Aubrey Blanche says this should be considered in a much wider context.  </p><p>&quot;Diversity starts at the team level... we must think more broadly than defining diversity in terms of gender and race.</p><p>“We know that the highest performing teams include people with diverse perspectives and ways of solving problems.</p><p>“We&#x27;re moving away from the idea of &#x27;diversity&#x27; in order to build balanced teams.&quot;</p><p>Related: <a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world">Five Global Tech Hubs from Around the World</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/3bdcd60d-cfc5-41f9-b134-cf6b49e48ce1.jpg" width="4000"/></picture><div><span style="align-content:center;opacity:0.8">Atlassian office space</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Blanche says it&#x27;s not about how many people of a specific demographic are represented at the company level, the focus is on balancing perspectives across teams, at all levels of the organisation.</p><p>The report revealed women in leadership roles increased to 27.1 per cent this year, above average for women in senior management across all industries. </p><p>Atlassian also increased the proportion of women working in technical roles from 14 to 17 per cent, and increased its over-40 workforce from 19 to 22 per cent. </p><p>Among its US employees, where ethnic background is recorded, black and Latino men and women were underrepresented in every area.</p><p>“We also know that in order to help those people do their best work, they need to feel like they can be authentic at work and feel they belong on their team,&quot; Blanche said.</p><p>&quot;We&#x27;re building for a wide variety of customers, and thus, our teams need to reflect their perspectives as we create products and practices to address their needs.&quot;</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><blockquote><p><b>At Atlassian, we&#x27;re playing the long game, valuing progress over perfection.</b></p></blockquote></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/cbc88749-23d6-4740-859e-8c69966a9aab.jpg" width="1000"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><br><strong>Authenticity on all levels </strong></h2><p>NASDAQ-listed Atlassian was founded by best friends Mike Cannon-Brookes and Scott Farquhar in 2002, and has since become Australia’s biggest tech success story. </p><p>Today they have thousands of employees and millions of people around the globe using their software. But despite the “success” Cannon-Brookes last year shared about his own personal experience dealing with imposter syndrome. </p><p>“Let me let you in on a secret, most days, I feel like a fraud,” Cannon-Brookes said in his Ted Talk last year. </p><p>“Like I don’t really know what I’m doing.” </p><p>“Have you ever felt way, way out of your depth and kind of guessed-slash-bullshitted your way through because there was no other way out? Petrified that at any moment you’ll be exposed for the fraud you are? Even though everyone around you (oddly enough) acts for all the world like you do indeed deserve to be there? </p><p>“That’s impostor syndrome,” Cannon-Brookes said. </p><p>Instead of allowing himself to become paralysed this feeling, Cannon-Brookes said he tries to use it to his advantage, “motivated by my fear of generally looking like an idiot”.</p><p>“The most successful people I know don’t question themselves but they do regularly question their ideas and their knowledge. </p><p>&quot;They know when the water is way too deep, and they’re not afraid to ask for advice. They don’t see that as a bad thing…and they use that advice to hone those ideas, to improve them and to learn.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><iframe sandbox="allow-forms allow-scripts allow-pointer-lock allow-same-origin allow-top-navigation allow-presentation" class="embed-responsive-item" allowfullscreen="" frameBorder="0" style="max-width:574px;width:-webkit-fill-available" height="300px" src="https://www.youtube.com/embed/zNBmHXS3A6I"></iframe></div></div></div></div></div>

Atlassian's Diversity Report shows people associate the word “diversity” with underrepresented people, which is getting in the way of progress.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Software billionaire Mike Cannon-Brookes and his wife Annie have secured Australia’s most expensive property, the late Lady Mary Fairfax’s Sydney Harbour estate, Fairwater.</strong> </p><p>The sale will see the Cannon-Brookes move in next door to best friend and fellow Atlassian co-founder Scott Farquhar who purchased the neighbouring &quot;Elaine&quot; estate for $71 million last year. </p><p>Related: <a href="https://theurbandeveloper.com/articles/sydneys-own-silicon-valley-five-global-tech-hubs-from-around-the-world">Five Global Tech Hubs from Around the World</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f6e28003-6f79-40ce-b579-0e34f9824536.jpg" width="1024"/></picture><div><span style="align-content:center;opacity:0.8">Mike and Annie Cannon-Brookes family</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>When the Atlassian duo decided to launch their business some 16 years ago, their financial goals starting out was simple, earn a basic graduate wage of roughly $50,000 a year. </p><p>Needless to say, the pair may have reached a bit beyond their initial income aspirations.</p><p>Related: <a href="https://theurbandeveloper.com/articles/four-australian-cities-make-luxury-global-residential-list-">Four Australian Cities Make Luxury Global Residential List</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/56ed7b5a-b27d-4b40-94d6-29e821007f85.jpg" width="965"/></picture><div><span style="align-content:center;opacity:0.8">Fairwater, Point Piper.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The Fairwater mansion was snapped up quickly after <a href="https://theurbandeveloper.com/articles/lady-fairfaxs-point-piper-estate-hits-the-block-and-could-be-australias-first-100-million-sale">hitting the market just this month with price expectations of more than $100 million</a>. </p><p>The purchase of Fairwater estate also ends more than a century of Fairfax family ownership of the sprawling neighbouring properties, and perhaps ushers in a new era, that of the Atlassian tech dynasty amid Sydney&#x27;s prestige harbour neighbourhood.</p><p>Related: <a href="https://theurbandeveloper.com/articles/aerotropolis-sydney-science-park-one-step-closer">Sydney&#x27;s $5 Billion Smart City Under Way</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/e1913ad2-ac88-4d9c-b7e4-d9e944c8fdf0.jpg" width="815"/></picture><div><span style="align-content:center;opacity:0.8">The late Mary Fairfax hosting actor Kirk Douglas at the property. Fairwater estate has officially changed hands from media moguls to tech tycoons. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“We are delighted with the purchase of Fairwater for our young family and look forward to continuing the legacy of this beautiful Sydney home” the Cannon-Brooke couple said in a statement.</p><p>“We love the idea of raising our four young children in this historic property, filling the house and gardens with love and laughter through the years.”</p><p>Related: <a href="https://theurbandeveloper.com/articles/a-shift-in-lifestyle-propels-strong-demand-in-prestige-market-beulah">Prestige Market Still Buoyant with $16m South Yarra Penthouse Sale</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/6295aece-e2fb-4e53-a354-12f4040a8e8b.jpg" width="800"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Experienced with dabbling in the property market, the Cannon-Brookes family sold their Centennial Park home for a cool $17 million in an off-market deal in May earlier this year.  </p><h2><br><strong>New era in Australian royalty? </strong></h2><p>The software giant co-founders are estimated by Forbes to be worth around $3.5 billion each, after deciding to float Atlassian on the US Nasdaq in 2015. </p><p>Not bad for two university friends who started the business with a $10,000 credit card limit.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2375a12f-4bb9-498e-ad1f-420e61d01ba6.jpg" width="792"/></picture><div><span style="align-content:center;opacity:0.8">Often referred to as “accidental billionaires”, the pair founded Atlassian in 2002.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Atlassian’s software has helped more than 60,000 organisations to track, communicate and streamline its processes. </p><p>NASA (yes, the US space agency) has used Atlassian software on Mars. Organisations including eBay, Twitter, Coca-Cola, Visa, BMW use Atlassian&#x27;s products.</p><p>Related: <a href="https://theurbandeveloper.com/articles/growlands-high-end-st-kilda-tower-takes-parking-to-new-heights">Luxury St Kilda Tower Takes Car Parking to New Heights</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/be7dec9d-6cbb-4443-9ca1-3c2dde075290.jpg" width="1024"/></picture><div><span style="align-content:center;opacity:0.8">The Elaine estate, next door, sold for $71 million in 2017 to Atlassian co-founder Scott Farquhar.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“The Elaine and Fairwater properties have been in the Fairfax family for more than 100 years,” Christies International&#x27;s Ken Jacobs said when marketing the Fairwater estate.</p><p>“Money can give you whatever house you want as far as construction and modern features go, but you can’t get this sort of land holding. It’s just not available. </p><p>“Fairwater is a reward for a life of success,” Jacobs said.  </p><p>A spokesperson for Christies International said the phone had been &quot;ringing off the hook all day&quot; since news broke of the sale. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/aec43935-f306-4ac2-b183-627e165b8035.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">The Point Piper Fairwater estate</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Over the decades the land on Sydney harbour has been subdivided to the hilt by developers. However the Fairwater estate has remained intact with its 11,210sq metre lot size offering.  </p><p>The former Lady Fairfax property represents the largest privately-owned beachfront landholding on Sydney Harbour.</p></div></div></div></div></div>

  Co-founders, best friends and now neighbours. Tech billionaire buys $100m estate next door to his billionaire buddy Scott Farquhar.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Sydney is set to become home to Australia&#x27;s own Silicon Valley after tech giant Atlassian announced it will partner with the NSW government in a project expected to create thousands of jobs.</strong></p><p>Atlassian is Australia’s largest tech company and will help the NSW government taskforce, headed by chair David Thodey, design the new technology and innovation precinct.</p><p>Sydney&#x27;s new tech hub will span from the south-end of Sydney&#x27;s CBD to Eveleigh and is expected to revitalise the area, which is already home to a large cluster of start-up firms. </p><p>Representatives from University of Technology Sydney, University of Sydney and Sydney Business Chamber will join the taskforce, as well as industry experts from a wide range of Australian start-ups.</p><p>The hub’s ambition is to be home to 10,000 new jobs by 2036.</p><p>As Sydney welcomes news of its new tech-headquarters, <em>The Urban Developer</em> takes a look at <strong>major tech hubs from across the globe.</strong></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><blockquote><p><b>Sydney has the potential to be of one of the world’s leading tech cities and the creation of a tech hub sends a very loud signal – not only to the country, but to the rest of the world – that we’re in the race.</b></p>--Atlassian Co-Founder Scott Farquhar. </blockquote></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/77a79ce3-179f-47b5-876b-26b5c50bb22e.jpg" width="961"/></picture><div><span style="align-content:center;opacity:0.8">NSW Premier Gladys Berejiklian and co-founder Scott Farquhar unveiled plans for Sydney&#x27;s new tech hub this week. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Staten F:  Paris France</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/749b4c4e-39b6-4ae3-9f4f-dc7de1db2b83.jpg" width="3264"/></picture><div><span style="align-content:center;opacity:0.8">Billionaire Xavier Niel invested €250 million ($390m) into Station F.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Station F is touted as the “world’s largest incubator” in the tech startup scene, located in Paris’ 13th arrondissement. </p><p>Housed in a former railway space, at 58 metres wide and 310 metres long the site offers room for 3000 entrepreneurs. </p><p>The sprawling site, which utilises shipping containers for meeting rooms, is also home to global names such as Facebook, L&#x27;Oréal, and Microsoft.</p><p>The building’s architect is Wilmotte &amp; Associés. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/5fff1bb0-7545-4652-bf62-93ea5c771c38.jpg" width="1000"/></picture><div><span style="align-content:center;opacity:0.8">Station F</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Silicon Allee Campus: Berlin Germany</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2dba71cf-3d9b-441a-a1d1-b29e159a4e28.jpg" width="3264"/></picture><div><span style="align-content:center;opacity:0.8">Berlin&#x27;s Allee Campus is Europe&#x27;s answer to Silicon Valley.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Europe&#x27;s answer to Silicon Valley is the Allee Campus in Berlin. </p><p>The city has become Europe’s startup capital, surpassing London in venture capital investments in 2014. </p><p>The campus itself is a 7500sq m “neighbourhood” serving Berlin’s startup scene, home to thousands of entrepreneurs who live and work in the area. </p><p>Berlin has become home to more than 2500 startups attracting billions of investment into the venture founded in 2011. </p><p>Global tech giants such as Facebook and Airbnb have Berlin offices.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Zhongguancun: Beijing China</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/38afa363-c73d-466a-ad35-5f69a10c781f.jpg" width="1000"/></picture><div><span style="align-content:center;opacity:0.8">Zhongguancun - Beijing&#x27;s tech hub.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Beijing&#x27;s high-tech base Zhongguancun is well-known for nurturing some of China’s leading tech startups.</p><p>In 2016, the Chinese government announced it would invest $1.5 billion into further developing the area, located in Beijing’s Haidian District. </p><p>Along with the finance boost, last year a Top Tech Cities in the World report ranked the Beijing tech hub the world&#x27;s number one site.</p><p>It’s also home to a number of international tech giants such as Lenovo, Google and Microsoft. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Silicon Valley: San Francisco USA</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/a2f23455-84ac-4a78-b2bd-efc4125dc2bf.jpg" width="840"/></picture><div><span style="align-content:center;opacity:0.8">The original &quot;tech hub&quot;, Silicon Valley, in the southern San Francisco Bay Area, is the global centre for technology, venture capital and innovation. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The OG itself.  </p><p>But is it still the global hub of tech finance and innovation? </p><p>While we&#x27;ll let you ponder that question, Silicon Valley certainly needs no introduction. </p><p>Long home to many start- up and global tech companies, with the likes of Apple, Cisco, Google, HP, Intel and Oracle calling Silicon Valley home. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/98c29346-2456-4e87-9638-e963e581d3c8.jpg" width="1500"/></picture><div><span style="align-content:center;opacity:0.8">Apple Park in Cupertino, designed by Norman Foster, the vision of Apple Founder Steve Jobs. <br>Apple became the world’s first trillion-dollar public company this month.</span></div></div></div></div></div></div></div>

As Sydney is set to become home to its own mini-Silicon Valley, The Urban Developer takes a look at major tech hubs from around the globe. 

ATLASSIAN