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Deal of the week: Renters rush in to innovation hub

By Juliet Helmke
10 March 2022 | 1 minute read

Sydney’s forthcoming technology precinct at South Eveleigh is filling up fast, with 20,000 square metres already leased to innovation and professional services companies as well as hospitality and retail ventures.

The developer of the site, Mirvac Group, secured the Commonwealth Bank of Australia as the anchor tenant in June 2020. The bank has since been joined by a number of science and engineering organisations like Cicada Innovations, Data61 and CSIRO.

The grounds’ historic Locomotive Workshop – which have undergone a major revitalisation while still retaining important historic features – will be home to data analytics firm Quantium, which has taken over 12,000 square metres of the facility.

Sunsuper and Post Op Group will also have offices in the space, alongside retailers like The Grounds, Kylie Kwong’s Lucky Kwong, and Romeo’s Food Hall IGA.

Mirvac estimates the entire development will host approximately 18,000 workers by the end of 2022.

Campbell Hanan, head of Mirvac’s integrated investment portfolio, said the group was conscious of preserving and paying homage to the site’s original use when developing their new innovation precinct.

“The original Eveleigh Railway Workshops were the home of the country’s national rail network, and were right at the heart of Sydney’s thriving economy in the late 19th century, so it’s incredibly fitting that the site will once again be home to a vibrant workforce of Australia’s leading companies and technological minds,” Mr Hanan said.

He noted that Mirvac had seen significant interest in the campus-style working environments they’d developed, in particular the Locomotive Workshop, which will also house a large number of small businesses and independent workers through co-working space Work Club’s lease in the facility.

Work Club Global’s founder Soren Trampedach said the company was attracted to the lifestyle and amenities offered by the development.

“South Eveleigh is one of the most ambitious and best examples of creating a precinct at scale in Australia, so partnering with Mirvac was a natural fit. This was a wonderful opportunity for us to create something truly special, a place where people want to be, whether for work, play, or learning,” Mr Trampedach said.

 

Deal of the week: Renters rush in to innovation hub
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ABOUT THE AUTHOR


Juliet Helmke

Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.

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