South Sydney office market transforms into green tech office district

The nearby Green Square neighborhood also offers a range of amenities, including parks and open spaces, the Green Square Library and Plaza, cultural and community districts, and the Gunyama Park Aquatic and Recreation Center.

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

Stanton Hillier Parker Managing Director Evgenikos and Senior Partner Kruyer said 5B represents Mascot’s emergence as a center of technology and innovation, and dynamic companies moving deeper into the south of Sydney.

“Other key benefits of this asset represent an investment in the environment, social and governance (ESG) behind 5B, potential for rental growth, depreciation benefits and the possibility of adding 21% of surface construction from an approved additional level,” Evgenikos said. .

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

According to plans, part of the site will be leased to the airline while the buyer consortium, which also includes the Abu Dhabi Investment Authority, will work with Qantas to review potential development options for the sites, which could include new green technologies. tenants.

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Jose C. Birney