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Retail leases snapped up at Quay Quarter Tower

Quay Quarter Tower is jointly owned by AMP Capital Wholesale Office Fund, Dexus Wholesale Property Fund and Rest Super

Landmark Sydney building Quay Quarter Tower (QQT) has locked in new food, beverage and services leases across its retail podium ahead of its official late-2022 opening.

The Tower’s retail offering for tenants and locals alike is complemented by the adjoining lifestyle precinct at Quay Quarter Lanes – an 11,000m2 precinct spanning two city blocks which incorporates QQT and Quay Quarter Lanes, a mixed-use residential, commercial and retail laneway network featuring 104 apartments and two levels of retail across three separate new buildings, and the refurbishment of heritage wool stores, Hinchcliff House and the Gallipoli Memorial Club.

Joining QQT is Deli Ziosa, Quay Quarter Pharmacy in addition to Sushi Hon, Nam Nam and Costi’s Seafood, which will all open in the fourth quarter of 2022.

Espresso Bar Parla and Fossix Coffee Lounge began trading in the Tower’s lobby levels when AMP and AMP Capital commenced occupying Quay Quarter Tower in April.

Kit Georgeos, Fund Manager, AMP Capital Wholesale Office Fund (AWOF) said, “With 95% of the commercial premises in the Tower leased, we are seeing an upturn in retail commitments as businesses see the opportunities and exceptional quality of Quay Quarter Tower.”

“The precinct has been created to transform and energise the workday experience with world-class flexible workspaces, diverse retail amenity, public art and health and well-being facilities.”

“The retail podium will contribute significantly as more occupants begin to move in over the remainder of 2022.”

Quay Quarter Tower. Photo credit: Martin Siegner

Deloitte, Corrs Chambers Westgarth, EQT, Johnson Winter & Slattery, and flexible workspace operator The Work Project have committed to Quay Quarter Tower, with international trading firm IMC Financial Markets also securing 5,740m2.

Quay Quarter Tower is jointly owned by AMP Capital Wholesale Office Fund, Dexus Wholesale Property Fund and Rest Super.

Michael Sheffield, Fund Manager of Dexus Wholesale Property Fund (DWPF) said, “QQT continues to demonstrate an exceptional asset for our investors, with the high quality, diverse retail and services amenity enhancing the offer for new and existing customers alike.”

The six levels of visually connected podium amenity is a key difference in QQT because it comprises a two-level Market Hall with verandah dining offering Harbour Bridge views, and soft health and lifestyle retail, in addition to the ground lobby and upper lobby cafés, an extensive podium garden and two floors of flexible workspace.

Quay Quarter Sydney is an 11,000 square metre precinct spanning two city blocks

“To complement traditional food and beverage, and restaurant tenancies, we see soft fitness and group training gyms, wellbeing and retail services, and a boutique grocer and liquor store as key opportunities within the building,” AMP Capital Senior Development Manager Liann Lim said.

Designed by leading Danish architects 3XN supported by their executive architects BVN, QQT’s striking design comprises five shifting glass volumes stacked upon each other and punctuated by atrium space, delivering expansive views of Sydney Harbour while maximising natural light deep into the floorplates.

Quay Quarter Tower is targeting a 6 Star Green Star Design & As Built rating from the Green Building Council of Australia. In addition, other targeted environmental ratings include a 5.5 Star NABERS Office Energy Base Building Rating, a 4 Star NABERS Office Water Rating and a WELL Gold Core and Shell certification.

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