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Brookfield secures anchor tenant at Wynyard Place

07-Dec-2016


SYDNEY, 7 December 2016 – Brookfield Property Partners L. P. (“Brookfield”) (NYSE: BPY; TSX: BPY.UN), on behalf of its institutional partners, has finalised a 12-year lease agreement from mid- 2020 with one of Australia’s largest financial institutions, National Australia Bank (NAB), to occupy 31,000 square metres (333,681 square feet) at Wynyard Place Sydney.

Brookfield’s development is transforming Wynyard into a world-class urban precinct in the heart of Sydney’s CBD.

The commercial tower at 10 Carrington will have 59,000 square metres (635,070 square feet) of Premium-Grade office space with best-in-class facilities, amenities and finishes. This new standard in workplace design offers major commercial tenants forward-focused office accommodation in the heart of Sydney’s central business district. The tower maximises natural light access and provides efficient floor plates of up to 2,500 square metres (27,000 square feet) which are easily adaptable to suit the needs of diverse businesses and working styles.

The development also includes restoration of Shell House and 285 George Street and will deliver 7,000 square metres (75,350 square feet) of high-end retail, a revitalised Wynyard Lane and a major upgrade to Wynyard Station’s George Street entrance connecting to a grand transit hall and public concourse.

Head of Development, Brookfield Property Partners – Australian Office Division, Carl Schibrowski, said: “We look forward to welcoming National Australia Bank to Wynyard Place from mid-2020. As an iconic Australian financial institution, NAB is the perfect fit for Wynyard Place, which will be the premier commercial address in Sydney’s CBD.”

With the integration of Shell House and 10 Carrington, large, campus-like floor plates of 3,220 square metres (35,000 square feet) will be created, representing some of the largest in the Sydney CBD. NAB will occupy levels 1 through to 9.

Around 30,000 square metres of premium office space remains available with floor plates exceeding 2,000 square metres. On Level 27, a large external terrace comprising over 600 square metres remains available for the tenant who secures the highest floors. A meeting and conference facility and a co-working hub will also be created in the precinct.

The development has achieved a coveted 6 Star Green Star- Office Design v3 rating and is targeting a 5.5 Star NABERS Energy rating. Early site works will commence this month and construction is expected to complete in 2020.

The development has been designed to integrate with Sydney’s $2.1 billion light rail project with the transit hall linking with the City of Sydney’s pedestrian walkway and light rail project on George Street.      


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