A joint proposal by GPT Wholesale Office Fund, Canada’s Brookfield and AMP Capital Wholesale Office Fund has won the approval of an independent planning panel for the $1 billion redevelopment of Sydney’s Cockle bay Wharf.
The consortium lodged its initial development application for the precinct in 2016, planning for a 183-metre commercial tower on the eastern edge of Darling Harbour. The tower will be the fourth $1 billion-plus tower for the Cockle Bay precinct despite the disagreement from the City of Sydney council about the overshadowing impacts.
The 40 level building is about 60,000 sq m of office space and will target a 6 Green Star rating and 5 Star NABERS energy rating. The proposal also includes the addition of 1 hectares of public space including new shops, bars and restaurants along the waterfront.
The approval of the concept proposal also means that two of the footbridges over the Western Distributor will be demolished to make way for a deck and large publicly-accessible open space over the motorway. Meanwhile, the third footbridge at Druitt Street will be upgraded as part of the redevelopment. The commission concluded that the provision of open space on the site represented a public benefit.
Image and article source: https://theurbandeveloper.com/articles/gpt-brookfield-and-amp-get-green-light-for-650m-cockle-bay-redevelopment-
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