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Stockland has received the green light to develop North Sydney’s tallest office tower, which will stand 51 storeys high with an estimated end value of $1.4 billion upon completion.
Situated at 110-122 Walker Street, the 59,000sqm Affinity Place development will feature commercial office and retail space, bicycle parking, end-of-trip facilities, car parking and loading facilities.
The building, which brings together three sites, will also feature a sky garden, views of Sydney Harbour and the CBD, and include a publicly accessible pedestrian link from Walker Street to Little Spring Street.
“We are pleased to have received development approval for Affinity Place, allowing us to progress our vision for contemporary workplaces designed to meet the future needs of companies and employees, and be part of North Sydney’s transformation,” Stockland CEO commercial property Louise Mason said.
“A priority of Stockland’s strategy is to increase our portfolio of quality workplace assets, capitalising on long term trends in urbanisation and urban renewal.
“Affinity Place will be among the most sustainable buildings in North Sydney, contributing positively to Stockland’s and our future tenants’ drive towards net zero carbon."
The development will only be a minute walk from the new Victoria Cross Metro Station and six minutes from the North Sydney Train Station and bus interchange.
According to Sydney Metro estimates, the train services will be able to transport commuters to Barangaroo in three minutes, Martin Place in five minutes and Central in nine minutes. The site will also be within walking distance to North Sydney and Milsons Point ferry.
“Our design will create a contemporary tower with efficient and flexible floors that will allow the curation of a variety of workspaces to suit preferred working styles and prioritise employee wellbeing,” Stockland Executive General Manager of Development for Commercial Property Gavin Boswarva said.
“Tenants will enjoy floor plates that maximise harbour and city views, daylight, access to outdoor landscaped terraces and a rooftop sky garden - a unique offer for North Sydney, reimagining the future of workplace and reinforcing connection with the local community.”
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