To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionLendlease, Ping An and Mitsubishi to build tallest building in Sydney
A joint venture between Lendlease, China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia has launched its A$1.9 billion ($1.3 billion) skyscraper at Sydney’s Circular Quay with the signing of software provider Salesforce as the anchor tenant.
Salesforce Tower Sydney will be a 263-meter (863-foot), 53-story tower and will become the city’s tallest office building. It is scheduled to be completed in mid-2022.
Salesforce will anchor 50 percent of the tower, occupying 24 levels.
Ping An is the majority partner, contributing 50 percent toward the development of the Circular Quay hub, with Mitsubishi and Lendlease making up the remaining 30 percent and 20 percent, respectively.
Other major developments in the Circular Quay precinct include Mirvac’s office at 55 Pitt St. and China Poly Group Corp’s tower at 220 George.
