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| 15-year transformation of Sydney’s waterfront officially complete  Sydney’s central business district, Barangaroo South precinct is officially complete, marking the culmination of a 15-year urban regeneration project that has revitalised Sydney's harbourfront.In 2009, Lendlease, an Australian multinational construction and real estate company, was appointed as developer to transform what was once an inaccessible container port on the western edge of Sydney's CBD into one of the city's most thriving mixed-use destinations. Today, Barangaroo South is home to more than 1,800 residents, 23,000 workers, 95 retailers and welcomes 33,000 visitors each day. The precinct stands as an international benchmark for large-scale urban regeneration. International Towers Sydney, the three flagship commercial buildings at the centre of Barangaroo South, together with engineered timber buildings Daramu House and International House, attracted major corporate tenants from the outset, who are still there today. These workplaces remain some of the most sought after in Sydney's CBD with over 95 per cent occupancy– a testament to the appeal of world-class, modern infrastructure alongside the precinct's dining and entertainment that are a drawcard for businesses. One Sydney Harbour, the three luxury residential towers designed by world-renowned architect Renzo Piano, has achieved more than $4 billion in sales since its launch in 2019, while setting new Australia property price records. This includes the three-level penthouse that crowns Residences One which sold for more than $141 million in 2019 – believed to be the most expensive individual residential property ever sold in Australia. Barangaroo South is also Australia's first mixed-use carbon-neutral development, an accolade achieved through energy-efficient and innovative infrastructure, including a district cooling plant with a harbour water heat rejection system, a recycled water treatment plant, onsite solar and an embedded electricity network. The precinct has maintained its Climate Active Carbon Neutral certification since 2019, affirming its reputation as the gold standard in large scale, sustainable urban renewal. First Nations cultural values were embedded throughout the planning and delivery of the project. The precinct honours Barangaroo, a prominent First Nations woman, through its name. Public art, street names, and design elements across the precinct reflect and celebrate First Nations cultures and connections to Country. The project's completion positions Barangaroo South as a legacy urban transformation delivered through long-term partnerships and world-leading urban regeneration and placemaking capabilities. write your comments about the article :: © 2025 Construction News :: home page |