BROOKFIELD Properties and Oxford Investa Property Partners have unveiled the first stage of the $200 million 388 George St redevelopment.
The project will deliver 38,364 sqm of A grade commercial office space over 28 storeys and 2,680 sqm of prime retail space to the CBD core. Stage one involved a new tower lobby and end-of-trip (EOT) facilities while the second and final stage will see the delivery of a brand new five-storey, FJMT-designed mixed-use pavilion to complete the project.
The mixed-use pavilion, due for delivery later this year, will add an important new landmark to the CBD core, with five-storeys of commercial and retail space, a rooftop bar and flagship retail stores
Brookfield Properties executive vice president and co-head Danny Poljak said not only does the redevelopment add significant value by upgrading the existing commercial tower and developing the new retail podium on a dormant part of the site, the owners have also enhanced the site’s connectivity to George and King streets.
“The development will completely transform this busy city corner and integrate with the newly pedestrianised George St with a through-site link planned in the next stage linking to King St,” he added.
OIPP fund manager Nicole Quagliata said the recently completed improvements establish the building as a leading contemporary workplace for tenants, providing high quality amenity within a prominent Sydney CBD location.
“The new mixed-use podium with premium retail opportunities will bring new amenity to the revitalisation of this exceptional George Street location,” she said.
The project, which is being delivered by construction partner Multiplex, created over 250 jobs during its construction.
