The City of Sydney Council has approved Charter Hall Group’s planning proposal to build a second tower at 2 Chifley Square in Sydney’s CBD.
The Council approval follows extensive community consultation and Gateway Determination, granted by the NSW Government in February.
Alongside the existing Chifley North tower, the proposed Chifley South tower will boast 37-storeys, more than 64,000m² gross floor area of office and retail space, a reinvigorated podium amenity and a reactivated public domain at Chifley Square.
Charter Hall’s Office CEO, Carmel Hourigan says she is proud of the significant milestone for Charter Hall.
“This decision reflects confidence in Charter Hall’s vision for the Chifley Precinct to encourage the return to workplaces where collaboration, mutual success and our wellbeing thrives,” she says.
“The flight-to-quality, as demonstrated in our pre-commitment leases, is how high-performance businesses are attracting and maintaining the highest-calibre professionals and ultimately, driving success.”
Charter Hall’s Head of Development-Office, Mark Stante adds, “Our Chifley development strongly aligns with NSW Government and City of Sydney employment and sustainability objectives, contributing to the City’s target for over 100,000 additional jobs and will be an important piece of economic stimulus for the post COVID-19 recovery, while enhancing the cityscape and public precincts for all of the community to enjoy.”
The new development plans maintain a strong focus on sustainability – including electrifying the entire Chifley precinct, enabling it to operate entirely from renewable energy – and a goal to achieve Climate Active Carbon Neutral certification in line with the City of Sydney’s Net Zero Strategy.
“This is a positive project and a good response to the Central Sydney Planning Strategy, in terms of energy and employment as well as contributing to post COVID-19 stimulus,” the Director of City Planning, Development and Transport, Graham Jahn adds.
The redevelopment of Chifley will create an estimated 1,500 construction jobs during its build phase.