Investor Presentaiton
dexus
Atlassian Central.
Atlassian Central will comprise a
market-leading sustainable 39-level
office tower spanning circa 75,000
square metres of gross floor area,
including retail amenities and new
YHA accommodation space at its
base, as well as a new public realm
around Central Station.
The development is located adjacent
to the Central Place Sydney
development, and within the State
Government-led Tech Central
precinct. The project will catalyse
Sydney's innovation and technology
precinct, Tech Central, and set a new
global benchmark in sustainability
and smart workplace that challenges
the status quo.
Construction has commenced and is
expected to reach practical
completion in late 2026. Atlassian will
occupy the office accommodation
under a 15-year lease.
Property details as at 30 June 2023
Title
Metro area
Zoning
Site area (sqm)
Acquisition date
Development statistics
Building type
Ownership on completion (%)
Development status
Development phase
Building area (sqm at 100%)
Leased by area (%)
Number of buildings
Project cost estimate ($bn)
Yield on cost (%)²
Expected completion
Major customer
Green Star rating³
NABERS Energy rating
(with Green Power)³
NABERS Energy rating
(without Green Power)3
NABERS Water rating³
Leasehold
Sydney CBD
B8 Metropolitan Centre
3,487
July 2021
Premium grade - office
Dexus (Approximately 60-65%)
Atlassian (Approximately 35-40%)
Committed
Under construction
58,000 (Office and Retail)
100
1
1.45
4-5
Late 2026
Atlassian
6 Star Green Star Design
5.5
5.5
4.0
Represents funding obligation for 100% of the project cost, which includes funding cost, downtime and income earned through development but excludes
land.
1.
2
Target yield on cost calculation includes cost of land, funding cost, downtime and income earned through development in the denominator.
3. Target rating.
17
Notes
50
2023 Dexus Investor DayView entire presentation