North Sydney's $11b big build

20/10/2021 | Australian Financial Review

1 | 2

A third wave of projects is lining up to tap the growth expected in North Sydney after the 2024 completion of the Victoria Cross Sydney Metro station.

North Sydney is in for an $11 billion-plus expansion as the NSW capital’s fast-growing second CBD unleashes a wave of developments that will boost the existing centre but also extend it further north over Berry Street as it looks to accommodate a further 20,000 workers by 2036.

After an initial $3.2 billion wave of development that included Suntech REIT’s 177 Pacific Highway, Winten Property Group’s 1 Denison Street and Dexus’ 100 Mount Street towers, work is in train on a further $2.9 billion of projects such as Lendlease’s Victoria Cross tower, Aqualand’s residential 168 Walker Street tower and Billbergia’s office-hotel development at 88 Walker.

But a third wave of projects – with an estimated end value of $8.4 billion – is already lining up to tap the growth expected after the 2024 completion of the Victoria Cross Sydney Metro.

Full story available here