Barangaroo's new development has hit the market

Barangaroo’s ‘bird nest’ hits the market with a price guide of about $35 million. The structure is one of the striking buildings on the waterfront of Sydney’s newest CBD precinct.

The three-storey circular building, developed by Lendlease, resembles a bird’s nest with its timber facade and green canopy. It occupies the entire property at 35 Barangaroo Avenue with its ground floor bar, restaurant on the second floor and a rooftop bar with stunning harbour views.

"The sale of 35 Barangaroo Avenue is consistent with our strategy to leverage Lendlease's integrated property capabilities to deliver high quality urban regeneration projects that enhance value for our securityholders and partners," Lendlease managing director of urban regeneration, John Burton said.

Lendlease sold off 10 per cent of its stake in One International Towers during the second half of 2018, which it developed in 2015, with the developer now holding only a 2.5 per cent interest in the building.

Once complete, the precinct of Barangaroo will be home to more than 23,000 workers and residents.

Image and article source: https://www.afr.com/real-estate/barangaroos-bird-nest-hits-the-market-20190319-h1cjkw


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