A new Sydney tower tops out after reaching its vertical limit this week. It all sounds a bit familiar doesn’t it?
That’s because it’s the second tower to max out recently after Crown Sydney earlier in the week, as Sydney’s skyline welcomes another addition, albeit a somewhat smaller one.
Elevating to a modest 25 floors, the $350 million CBRE Global Investors commercial tower in North Sydney will become Zurich Financial Services Australia’s headquarters.
The tower, at 118 Mount Street, will include 20,500 sqm of commercial office space, 33 parking spaces, a café and rooftop terrace.
Sydney-based construction company Roberts Pizzarotti is building the tower, with a completion date set for later this year – further evidence that coronavirus isn’t grinding construction to a complete halt.
However, the impacts of the pandemic are never too far away, with the topping out ceremony being live streamed to the major stakeholders across the world rather than the customary on-site proceedings.
This news comes as North Sydney has seen an influx of global investment in commercial developments, with Chinese, American and British investors all opting for the area to develop office buildings.
With its proximity to the city’s main CBD and iconic landmarks, North Sydney is one of Australia’s fastest-growing business districts.