The amalgamation planning and construction on this important site in the financial heart of Sydney, took Northbourne five years to complete.
Planning issues were complex involving the retention of an historic building and a listed facade and returning one of the former major occupiers The Colonial Sugar Refining Company into the new building.
Following the successful negotiation of planning with the City Council for a 40 storey building with 410,000 sq ft of Premium Grade office space and retail space for 40 shops, Northbourne raised a development funding package of circa A$300m from a consortium of 21 local and international banks led by the State Bank of New South Wales.
The timeless classical design attracted many international tenants and became the Australian headquarters for the Hong Kong Shanghai Banking Corporation (HSBC), Rothschilds Australia & J.P. Morgan.
At completion Northbourne brought in the Abu Dhabi Investment Authority to retire the bank debt and successfully managed the building for ADIA for ten years. ADIA continues to retain a 50% interest in the building.