Ann: TZ Westpac Collins and Kent Street Announcem, page-21

re: Ann: TZ Westpac Collins and Kent Street A... Hi,

Hope TZL builds on its success ( for new buildings)

Two out of the three commercial towers to be built at Lend Lease’s $6 billion Barangaroo South Sydney CBD harbourside project are more than 70% leased following agreements with Westpac and KPMG.

Westpac has entered into an agreement with Lend Lease to take approximately 70% of the commercial floor space in the first tower to be constructed at development site.

The bank will take 60,000 square metres in the Barangaroo building currently known as “C4” and expects to occupy the building from 2015.

Lend Lease has also entered into a lease agreement with accounting firm KPMG in the second tower, which is conditional on funding, which combined with Lend Lease’s own commitment to move its offices to the second tower will take up over 75% of commercial floor space.

KPMG currently leases about 28,000 square metres in the KPMG Centre at 10 Shelley Street at King Street Wharf.

KPMG is also expected to commence its move into the second tower in 2015.

The lease agreements, which cover over 120,000 square metres of office space, represent Australia’s largest ever commercial leasing commitment for a single development.



Barangaroo South will have about 330,000 square metres of office space upon completion.

There are plans for three commercial building known as C3 (49 storeys), C4 (42 storeys) and C5 (39 storeys), which are due to be completed in 2015 and 2016.