
A 6,000-square-metre site in Sydney’s CBD will be transformed into an 80-storey twin-tower development featuring luxury apartments and a hotel, following its acquisition by a new joint venture.
Central Sydney Property Pty Ltd, formed between Billbergia Group and Metrics Credit Partners, purchased the midtown precinct site from Han’s Holding Group.
The development will include approximately 600 luxury residences and hotel rooms across two towers that will rank among Sydney’s tallest buildings.
Billbergia development director Saul Moran said the project would revitalise an underused area.
“Our vision will transform this underutilised city block into a cutting-edge urban community with luxury residences supported by premium amenities, quality public domain and active placemaking,” he said.
The site comprises eight plots amalgamated between 2015 and 2019, spanning Castlereagh, Pitt, and Liverpool streets.
Plans include a podium with retail spaces and a public plaza featuring outdoor seating, landscaping and public art.
New laneways will connect major streets to a civic square to improve pedestrian access.
The project emerged from an international design competition, with fjcstudio leading the design team in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design.
Fjcstudio design director Richard Francis-Jones said the development would complement Sydney’s existing architecture.
“Our design proposal has a distinctive and forward-looking form but is also restrained, elegant and reinforces the geometry, urban structure and maturity of Sydney,” he said.
The development partners bring significant experience, with Metrics Credit Partners managing $22 billion in assets as a non-bank lender, while Billbergia specialises in urban renewal projects.