//A report to the council to be considered on Monday 1 June recommends working with owners of an entire city block to achieve good planning results rather than individual, ad-hoc building redevelopments.//
//The block is currently owned by a number of different private and public organisations includingValad, Marsico Holdings, Rugby Union Club, Cambooya Properties, St George Bank, Mirvac, GE Real Estate Investment, Telstra, Energy Australia and City of Sydney.
Some changes to the block have already been given the go-ahead, including the approval of a 110-metre tall commercial building at 1 Alfred St (Goldfields House) and a Mirvac 110-metre tall commercial development at 188-208 George St, 1 Underwood St and 4 Dalley St.
“If council agrees to allow an increase in height restrictions, the City will continue to work with the property owners to deliver high quality development outcomes,” Moore said.
“Property owners may consider lodging new development applications if the planning controls are changed. We held a consultation meeting with the property owners in March this year with generally positive feedback.”//
Gold Fields House is a landmark building within the core of Sydney CBD and tourism precinct.
Owned in joint venture by: Valad’s development business (21%), Stichting Pensioenfonds ABP (40%) and its Australian V-Plus Fund (39%)
the Gold Fields House development will comprise up to 37,500 square metres of developable floor space.
Valad has received Stage 1 Development Consent for the Gold Fields House redevelopment project at Sydney’s Circular Quay.
The approval from the City of Sydney Planning Committee is a milestone for Valad which will now proceed with an international architectural competition to create a world-class complex which will feature a significant residential component.
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