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Billionaire Andrew Forrest and his family have purchased the brand new Waldorf Astoria hotel on a prime spot in Sydney’s Circular Quay.
Lendlease’s $2 billion Sydney Place will soar 55-storeys, or 263 metres, and be the flagship site for software platform Salesforce.
With a building boom under way, North Sydney’s office sector is facing a risk of oversupply. But the big developers say the post-pandemic market is turning in favour of their projects.
Lendlease and Mitsubishi Estate Asia have snapped up a 4,000 sqm site on Alfred Street in Circular Quay which will feature Australia’s first Waldorf Astoria.
Lendlease and Mitsubishi Estate Asia have formed a joint venture to acquire the One Circular Quay development from Chinese investment house AWH for $800 million.