Mirvac and its consortium partners, AMP Capital and Sunsuper, announced what they describe as the practical completion of The Foundry, the third new building to be delivered as part of the revitalised technology and innovation hub, South Eveleigh.
The Foundry is the second-largest commercial building in Australia, one of the country’s first ‘groundscrapers’ and the largest steel building Mirvac has developed to date. As the largest building in the precinct, it spans 55,000sqm over six storeys with expansive floorplates nearing 9,000sqm, earning the title of one of Australia’s first ‘groundscrapers’ in reference to its large-scale, low-level design.
The building is set to become home to over 5,500 Commonwealth Bank of Australia staff including the organisation’s innovation labs, complementing their first workplace at the precinct, Axle, that opened last year.
Commonwealth Bank of Australia’s CEO, Matt Comyn said, “Our commitment to the South Eveleigh precinct is driven by a desire to create a workplace that would inspire our team to design leading digital experiences for our customers.”
“We know innovation can’t happen in isolation, and that’s why we are delighted to be part of the NSW government’s ’innovation corridor‘ and collaborating with educators, entrepreneurs and the community in and around South Eveleigh,” Comyn said.
“Five years ago, we earmarked South Eveleigh as our future workplace. The move to Axle, and soon to The Foundry, is part of CBA’s long-term investment in innovation, our people and our customers, and commitment to Sydney.”
Leading Australian interior design and architecture firm, Davenport Campbell, designed the tenancy fit-out of Commonwealth Bank of Australia’s workplace to foster innovation and ideas exchange.
The Foundry is targeting a 6 Star Green Star rating, and a 5 Star NABERS Energy rating, with a solar array on the roof offsetting the base building energy with a design output of 370kW.
It also includes 2,500sqm of diverse retail along Central Avenue, which will provide essential services such as a general practitioner and a pharmacy as well as an outdoor dining area.
The South Eveleigh precinct will be completed in 2021, consisting of nine commercial buildings surrounded by shared public spaces with a diverse mix of retailers, art and cultural experiences to activate the precinct in the evenings and on weekends.
According to Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz said, “For over 100 years, South Eveleigh has been a renowned centre for technology, innovation and collaboration. Mirvac and our partners had a shared vision for South Eveleigh as a defining precinct for Sydney that would bolster our standing as a global city, foster collaboration and exchange, and bring together a people from all walks of life.”
“The completion of The Foundry marks a significant milestone in the final stages of this vision to create a world-class hub for culture, commerce and the community,” Lloyd-Hurwitz said.
Lloyd-Hurwitz said that Mirvac’s integrated model and diverse capabilities in delivering large-scale mixed-use precincts meant is was uniquely positioned to deliver this state-of-the-art workplace.
“The Foundry offers a different breed of workplace that heralds a shift towards new ways of working. The exceptional working environment is technology-enabled, fostering collaboration while also allowing ultimate flexibility and diversity for its workforce – all elements which will meet the needs of current and future generations of workers.”