Aussie tech gurus are building a stunning $ 1 BILLION headquarters in the heart of Sydney – and the 40-story building is WOOD while the company is racing carbon-neutral by 2050
- Technology company Atlassian is going to develop a 180-meter tower in the CBD in Sydney
- Building is part of the government’s plans to build an area for technology and innovation
- The tower is expected to be the largest wood structure in the country
- Allegedly it will be built near the Central Station, above the YHA hostel
Atlassian plans to build a record $ 1 billion count in the Sydney CBD as part of the joint venture with the NSW government to develop an “innovation and technology complex” in the city.
The 180 meter high building of up to 40 floors will be located near Sydney Central Station and will be the tallest wooden structure in the country once it is completed.
The tech giant has not publicly announced the development, but the Financial Overview reports that the company has included it in its 15-year plan to develop the site.
The building will also count towards the company’s goal of achieving zero carbon emissions by 2050.
The 180 meter high building of up to 40 floors will be located near Sydney Central Station and will be the tallest wooden structure in the country once it is completed. Pictured: a generic design of the government plan for the technical district
Financial Review reports that the tower will be built at 8-10 Lee Street in Sydney, currently occupied by the YHA hostel
Project details are kept secret, but the tower is said to be built above the current YHA hostel on Lee Street – which will cover the first five floors.
According to the publication, approximately 2500 square meters will be reserved for retail and lobby space.
The design for the building has yet to be completed, but will be designed by New York SHoP Architects and BVN in Australia.
The software company declined to comment when it was contacted by Daily Mail Australia.
Founded by Mike Cannon-Brookes and Scott Farquhar, Atlassian became co-creator of the government-funded project in 2018, when NSW Premier Gladys Berejiklian unveiled plans for a technical hub in Sydney.
“An NSW Task Force led by Jobs for NSW President David Thodey will be created to lead the design and development of the new technology and innovation zone, which extends from Central to Eveleigh,” said Mrs. Berejiklian at the time.
Atlassian, founded by friends Mike Cannon-Brookes (left) and Scott Farquhar (right), was named in 2018 as co-creator of the government-funded project
“This will cement Sydney as the technological capital of Australia and create more secure jobs. Central to Eveleigh is already home to Australia’s largest cluster of start-up companies. We want to use that as a basis to grow new jobs and new businesses. “
The initiative is expected to create 10,000 new jobs over the next 16 years.
Atlassian also issued a statement at the time of the announcement and called it a “huge step forward” for Australia’s technology industry.
“We have just sent a very loud signal to the rest of the world that we are open to business and are in the race for the world’s largest industry,” said Mr. Farquhar.
Atlassian pushed the two entrepreneurs into the stratosphere of the Rich List and was listed on the NASDAQ with a market capitalization of US $ 25 billion in 2015.
Cannon-Brookes and Farquhar, both 40, each have a reported capital of US $ 10 billion, according to Forbes.
Daily Mail Australia has contacted NSW Investment for comments.