Charter Hall Group (Charter Hall or the Group) is pleased to announce the latest milestone of its $1.8 billion Chifley South development in the super core precinct of the Sydney CBD, with construction progressing above ground level.
Chifley South is now well into the main construction program and, once completed in mid-2027, will be home to approximately 10,000 workers. The precinct will house Australia’s leading businesses, with UBS, Morgan Stanley, Gilbert + Tobin and Charter Hall among existing and committed tenants.
Upon completion, the Chifley precinct – comprising the existing Chifley North tower and the new Chifley South tower – will have a combined value of approximately $4 billion, owned by a wholesale partnership with some of Charter Hall’s largest wholesale investors, including GIC, VFMC and TelstraSuper. It will be Charter Hall’s largest asset, with a combined NLA of ~110,000sqm.
As well as the quantum of office space, the upgrade of the broader Chifley precinct will include class-leading tenant amenity, a new arrival experience including new lobby, and a significant retail offering to reactivate the public domain at Chifley Square – all well-serviced by ample public transport, amenity and wellness offerings.
Charter Hall Office CEO, Carmel Hourigan, said, “Chifley has long been regarded as an iconic address for the business, finance and legal community in Sydney. With the expanded precinct we will deliver alongside our construction partner Built, and Chifley South’s world-leading modern and sustainable design, Chifley is set to be Australia’s leading CBD office precinct.
You can now read the full press release at the link below