DB RREEF has received the final Stage 2 development application approval from the Central Sydney Planning Committee for its flagship Sydney office development – Space 1 Bligh.
The 42,000 sqm building, which will be owned by DB RREEF Trust (68%) and DB RREEF Wholesale Property Fund (32%), has been designed by Architectus in
The building is designed to achieve 6 Star Green Star rating and a 5 star ABGR rating and will feature
DB RREEF is in tender negotiations with a number of building contractors and discussions with prospective tenants are progressing.
Construction is anticipated to commence in 2008, for completion in late 2010, early 2011.
Australian Property Journal
