South Sydney office market transforms into a green-tech office precinct

The neighboring Green Square precinct also offers a variety of amenities, including parks and open spaces, the Green Square Library and Plaza, cultural and community precincts, and the Gunyama Park Recreation and Aquatic Center.

Charging

“There is significant demand from cleantech companies to create a hub in the immediate precinct, and some of the biggest developers both in Australia and abroad have answered the call,” Solomons said.

Stanton Hillier Parker managing director Evgenikos and senior partner Kruyer said 5B represents Mascot’s emergence as a technology and innovation hub, with dynamic businesses moving further south from Sydney.

“Other key benefits of this asset represent an environmental, social and governance (ESG) investment behind 5B, rental growth potential, depreciation benefits and the ability to add 21 percent of the building area from an additional level. approved,” Evgenikos said. .

LOGOS and the country’s biggest superfund, AustralianSuper, are also studying plans for the Qantas buildings in Mascot, which they bought for $802 million in October last year.

Under plans, part of the site will be leased back to the airline, while the consortium of buyers, which also includes the Abu Dhabi Investment Authority, will work with Qantas to look at potential development options for the sites, which could include new green technology. tenants

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