Built has reached the highest point on Charter Hall’s $1.8 billion Chifley South tower in Sydney’s CBD.
The real estate giant also revealed further tenant commitments for the 37-storey tower that has risen next to the existing Chifley North tower of 53 storeys.
The project is due to be completed in mid-2027 and is one of the few new office developments under construction in Sydney’s constrained CBD core.
Charter Hall Office chief executive Carmel Hourigan said they had high conviction in the Chifley precinct and market demand for premium office space.
“Topping out Chifley South is an important milestone in the transformation of the broader Chifley precinct and moves us closer to delivering the next generation of premium office space for Sydney,” Hourigan said.
“The addition of Landmark Group and leading hospitality operators Applejack and Kadlia Group reflects the strong appeal of the revitalised Chifley precinct and our vision to create a world-class destination that brings together premium workplaces, hospitality and amenity.”
Together, Chifley North and Chifley South will form a two-tower commercial precinct with an end value of about $4 billion, owned by a wholesale partnership managed by Charter Hall Group.
The completed precinct is expected to accommodate up to 10,000 workers.
Since construction began in early 2024, more than 4800 people have worked on the project and clocked about 1.7 million hours on site.
The team has laid about 37,000 cubic metres of concrete and installed more than 5000 tonnes of reinforcement, all the while navigating the challenges of delivering a new tower within a constrained CBD site alongside an operational commercial building.
Built used a combination of digital models, site-capture technology and AI-enabled processes to identify and resolve issues earlier, streamline project reporting and support faster decision-making across the build.
Built chief executive for construction David Paterson said the topping out was the culmination of “years of collaboration, detailed planning and digital engineering to deliver one of Sydney’s most complex commercial developments alongside an existing operational environment”.
“These deep capabilities have helped underpin Built’s growth into what is now Australia’s largest privately owned construction company.”
