Avenor acknowledges all Aboriginal and Torres Strait Islander peoples, the Traditional Custodians of the lands on which we work. We recognise their continuing connection to Country and pay our respects to Elders past, present and emerging.
Project Value:
$1.5 billion
Size:
75,000sqm
Status:
Under construction via Dexus/Atlassian JV
Est. Completion:
2027 (approx.)
Architecture:
SHoP Architects & BVN
Construction:
Built & Obayashi
Location:
Lee Street, Sydney (anchoring the Tech Central Precinct)
As the originator behind the landmark $1.5bn Atlassian tower and the Tech Central precinct, Avenor presented its tried and tested tenant-led fund-through structure and its tech precinct experience to the Atlassian Founders. This watershed moment led to creating the Sydney Tech & Innovation Precinct.
Avenor tailored its services as Atlassian’s whole-of-project development firm, driving development from first concept initiation through acquisition, planning, design and contractor procurement to packaged fund through sale.
Having canvassed the market for prospective sites, Avenor leveraged its previous expertise in Tech & Innovation Precincts to identify Central Station and the YHA property as the optimal location to meet the needs of Atlassian and the tech industry from an investment, operation and strategic perspective.
Securing the property under option in 2016, Avenor worked with Atlassian, YHA Australia and the NSW Government to bring this exciting precinct to life. Avenor navigated complex heritage and planning constraints to obtain approval to increase the height from 7.5m to 200m, allowing a development of a 75,000sqm tower which will become Atlassian’s headquarters, anchoring Sydney’s emerging Tech Central precinct.
Avenor ran a global design competition which focussed on world-leading ESG principles. Now, as the world’s tallest hybrid timber building, the building will have just half the embodied carbon of a conventional equivalent, and climate engineered natural ventilation systems which reduce both operating emissions and operating costs.
Project Establishment
Site Identification
Acquisitions and Transactions
Adjoining Owner Transactions
Project Strategy & Implementation
Feasibility Analysis
Transaction Structuring
Internal Decision Mapping
Legal Negotiations
Project Control Group Leadership
Development Management
Acquisition & Amalgamation
Delivery Agreement Negotiations (NSW Govt, YHA)
Rezoning Approvals & SEPP Establishment
International Design Competition & SSDA
NSW Government Negotiations
(TFNSW, Dept. Premier, Dept. Planning)
Government Agency Negotiations
Internal & External Stakeholder Management
Fund Through Divestment
Project Management
Consultant Procurement & Management
Budget & Cashflow Management
Builder Procurement & Management
Authority Approvals Management
Program Management and Reporting
Holistic Value Management
“Tenant-led development allows businesses to create a bespoke office solution in a safe and healthy environment – and to benefit financially from their commitment.”
Peter Clemesha
Co-founder & Executive Director
20.08.22
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