Nov 24, 2017 Last Updated 3:11 PM, Nov 24, 2017

New Entry From the Editor :

Tesla completes construction of the world’s largest lithium ion battery in South Australia

Tesla completes construction o…

AusBN - Tesla has completed construction of its giant lithium ion battery i...

Rio Tinto prolongs association with China’s Sinosteel with JV extension

Rio Tinto prolongs association…

AusBN - Rio Tinto (ASX:RIO) and China’s Sinosteel Corporation have ag...

Amazon arrives in Australian retail market

Amazon arrives in Australian r…

AusBN - Amazon Australia has officially launched and will start taking orde...

Brookfield Property Partners wins $1.7b Wynyard redevelopment

Sydney WPAusBN - Global real estate firm, Brookfield Property Partners (NYSE:BPY) has won the tender to re-develop Wynyard Station, one of Sydney’s busiest train stations over the

next four years, the NSW government announced yesterday.

The AUS$1.7 billion project will replace two aged ramps into the station with a broad high-end retail concourse and transit hall with construction expected to commence early next year.

“This $1 billion project is set to become a new jewel of Sydney’s CBD,” said Mike Baird, the premier of NSW and minister for infrastructure. “For too long, Wynyard Station has languished without the infrastructure that such a pivotal transit hub demands.”

In addition, the “Wynyard Place” proposal will include a 27-level 59,000 sq. m office tower with “market leading environmental credentials.”

Carl Schibrowski, head of development at Brookfield’s Australian division said: “This will be a dynamic and attractive environment for people to come together to work, shop, meet and relax.”

The development is expected to finish by late 2020, just as the new light rail opens along George Street. 


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