Circular Quay

Interest in Sydney’s tallest commercial tower shows that local offices are still attractive to global players.

A controversial Circular Quay site will be the new home of super luxurious hotel chain Waldorf Astoria’s much anticipated foray into Australia.

Property developer Mirvac has lodged fresh plans for a major tower at Sydney’s Circular Quay, kicking off a new race to build city offices for an expected longer-term recovery in the property sector.

Singapore’s Keppel Capital has emerged as the latest suitor to target a stake in the $500 million-plus office tower at Circular Quay that Chinese group Poly Global has kicked off, ahead of locking in a tenant.

Chinese property developer Poly Global has snared strong interest in the $500 million tower it is building at Sydney’s Circular Quay, with local listed company GPT eyeing off a play to buy into the development.

Royal Caribbean has stolen a march on its rivals, including Carnival, taking a 75-year lease on an island in Vanuatu to offer passengers a private destination on its South Pacific cruises.

Customer relationship giant Salesforce will anchor the building of Sydney’s tallest office tower with the Lendlease development at Circular Quay, the first of a wave of new projects being anchored by hi-tech tenants.

Property group Dexus has secured a site for Sydney’s next super tower just one block back from Circular Quay by picking up a building from Canada’s Brookfield for a reported $190 million.

The mid-market has emerged as the sweet spot in office leasing at the start of this year but big requirements from banks looking to split their operations and from flexible space groups could see larger deals struck later this year.