Lendlease to develop and manage boutique commercial building Blue and William in North Sydney
- 29 Nov 2021
Lendlease will develop the new boutique office building, named Blue & William, acquired by Keppel REIT.
Located on a 2,309-square-metre site on the corner of Blue and William streets, and with circa 14,000-square-metre NLA, the project will support Lendlease’s strategy to bolster and diversify its commercial development pipeline in North Sydney.
As originators of Blue & William, the Third.i Group has consolidated the development site and worked with global architecture and design studio Woods Bagot to design the 10-storey building, which commenced construction in 2021. Lendlease will now see the development through to completion, scheduled for 2023.
Designed with tenant experience and wellness as a priority, Blue & William will provide sweeping views of the harbour from outdoor terraces on levels 5-8, an onsite café and end-of-trip facilities. The building is targeting a 5.5 star NABERS Energy Rating and 5 star Green Star Rating.
Quote attributable to Tom Mackellar, Managing Director, Lendlease Development:
“This strategic acquisition supports the diversification of our commercial product offering and unlocks prime floorspace for our customers in North Sydney.
The future of office has been reimagined, but remains strong, with a greater emphasis on flexibility and product diversity. The Blue and William development will cater for our customers looking for high-quality office design on a smaller scale.”
Quote attributable to Scott Mosely, Managing Director, Investment Management:
“We look forward to working with Keppel REIT as our new investment partner. Our investment mandates have grown significantly over the last few years in the office sector as there continues to be strong demand from investors for high quality, sustainable and flexible office assets in desirable locations.
“These assets, with a focus on wellbeing, will help corporate customers attract and retain talent.”
ENDS
For more information please contact:
Tessie Vanderwert, General Manager External Affairs, Lendlease
M +61 428 483 828
tessie.vanderwert@lendlease.com
Located on a 2,309-square-metre site on the corner of Blue and William streets, and with circa 14,000-square-metre NLA, the project will support Lendlease’s strategy to bolster and diversify its commercial development pipeline in North Sydney.
As originators of Blue & William, the Third.i Group has consolidated the development site and worked with global architecture and design studio Woods Bagot to design the 10-storey building, which commenced construction in 2021. Lendlease will now see the development through to completion, scheduled for 2023.
Designed with tenant experience and wellness as a priority, Blue & William will provide sweeping views of the harbour from outdoor terraces on levels 5-8, an onsite café and end-of-trip facilities. The building is targeting a 5.5 star NABERS Energy Rating and 5 star Green Star Rating.
Quote attributable to Tom Mackellar, Managing Director, Lendlease Development:
“This strategic acquisition supports the diversification of our commercial product offering and unlocks prime floorspace for our customers in North Sydney.
The future of office has been reimagined, but remains strong, with a greater emphasis on flexibility and product diversity. The Blue and William development will cater for our customers looking for high-quality office design on a smaller scale.”
Quote attributable to Scott Mosely, Managing Director, Investment Management:
“We look forward to working with Keppel REIT as our new investment partner. Our investment mandates have grown significantly over the last few years in the office sector as there continues to be strong demand from investors for high quality, sustainable and flexible office assets in desirable locations.
“These assets, with a focus on wellbeing, will help corporate customers attract and retain talent.”
ENDS
For more information please contact:
Tessie Vanderwert, General Manager External Affairs, Lendlease
M +61 428 483 828
tessie.vanderwert@lendlease.com