Sydney’s Tech Central precinct is set to become a global technology hub with Australian tech giant Atlassian set to establish its headquarters at the site.
Atlassian has planning approval to build its $546 million, 40-storey headquarters on the YHA site at Central Station, while the neighbouring Parcel Post building has been rezoned to accept other technology tenants at the site.
Tech Central will house 25,000 jobs in the world’s tallest hybrid timber tower, spanning over 24ha of land, once fully developed. Atlassian’s headquarters alone will accommodate 5,000 operational jobs.
Planning and Public Spaces Minister Rob Stokes said approval of the precinct is a significant milestone in what would be the largest government-led urban renewal in NSW.
“The revamp of Central Station and delivery of Tech Central will create a commercial core in the City’s south that would include a public domain with new open space, shops and cafes all on top of the rail corridor,” Mr Stokes said.
Construction of the Atlassian tower is scheduled to begin in the first half of 2022, with completion expected by 2026.
“With Atlassian HQ set for construction and the Western Gateway sub-precinct rezoned, the planning controls are now in place to transform this tired transport hub into something to rival Silicon Valley,” Stuart Ayres, Minister for Jobs and Investment, said.