Biggest Construction Cost Increase Since Introduction of GST
The quarterly rate of growth within the cost of construction around Australia…
1 November 2021
As part of the New South Wales government’s Planning System Acceleration Program, the world’s tallest hybrid timber tower has now been officially approved.
The Australian tech company Atlassian will find its new global headquarters from level 7 to level 39 and levels 1 through to 6 will act as backpacker accommodation for the Railway Square YHA in Sydney. Atlassian will use the top 5 levels of the building to house shared lounge spaces, public dining areas, planted terraces and wellness facilities.
This $1 billion tower is being described by architects as “an extroverted expression of wood and plants, framed by a crenellated exterior façade.” The Atlassian Central Development by Shop Architects and BVN won a design excellence competition and is set to adjoin Sydney’s Central Station.
In an attempt to create a more eco-friendly environment, the exoskeleton will be constructed of large steel rings and each 4 storey section will be known as a ‘habitat,’ featuring naturally ventilated areas like gardens.