Real tenants for Barangaroo at last

22 June 2012

The announcement by the Premier, Barry OFarrell and by Lend Lease that tenants are now confirmed for the first two towers at Barangaroo is welcome news, says the Urban Taskforce.

 

 

The industry has been waiting a long time for confirmation that tenants are confirmed for Sydneys biggest project at Barangaroo, says Urban Taskforce CEO Chris Johnson.   The review of the project last year clearly unsettled the momentum that had been built up for Barangaroo and it has taken a long time to now restore confidence to the project.

 

Barangaroo is a symbol of Sydneys importance to the Asia Pacific region as a financial centre and as a global city. Like the financial centre at Marina Bay in Singapore or the International  Finance Centre in Hong Kong, Barangaroo will be an iconic statement of Sydneys confidence as the regions financial hub.

 

Westpac and KPMG clearly anchor the project as a financial centre and with Lend Lease taking significant space the project is now on the track to reality.

 

With the NSW building construction expenditure at half that of Victoria on a per capita basis large construction projects like Barangaroo are vital to keep employment in this sector.

 

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