The thriving Sydney North Shore office market will soon welcome 100 Mount Street, which has topped out after two years of construction.
Developed by Australia’s largest landlord, Dexus, the $600 million tower will deliver 42,100sq m of space and will be North Sydney’s tallest commercial tower, topping out at 35-storeys.
Marketed by Dexus as “the defining landmark of North Sydney”, the tower is 63 per cent leased ahead of its early-2019 completion.
The tower will not stand as North Sydney’s tallest commercial building for long, with Winten Property Group’s $1 billion 1 Denison Street soon to overtake it, at 39-storeys and 60,000sq m of office space.
Winten appointed Multiplex to deliver the tower earlier this year after terminating a $200 million construction contract with Grocon.
Anchor tenant at 100 Mount Street, Laing O’Rourke – who is also building the tower – pre-committed to the tower prior to commencing construction in 2016. Government-owned Nbn Co committed to 48 per cent of the building a year ago, consolidating multiple Sydney offices to lease 20,364 square metres.