Lendlease’s Barangaroo South scoops the coveted Development of the Year Award at the 2017 Urban Taskforce Development Excellence Awards.
Lendlease commissioned Urbis to assess the site’s proposed retail scheme. Drawing on our unique skills, experience and expertise in the national and international retail market, Urbis forecast the size of the retail market; identified the scheme’s strengths and weaknesses; and presented key economic insights into turnover and the viability of the budgeted rental income. Ultimately supporting Lendlease to successfully deliver a well-rounded, multi-purpose precinct.
The Urban Taskforce Awards measure developments that succeed in design, economic performance, environmental commitment & innovation. Barangaroo South was identified as the stand out development project.
The judges stated, “Our awards specifically recognise the risk developers take to realise major projects and Barangaroo South has battled planning delays, campaigns against it, uncertain economic times, yet it has triumphed as the most significant addition to Sydney’s global economic status while being an incredibly vital people space loved by Sydneysiders. With tens of thousands of workers in the most up-to-date offices in the country as well as the incredible strip of waterfront restaurants that are always full, to the shopping precincts and the residential buildings, Barangaroo South has created a successful, dynamic precinct that lifts Sydney’s position as a global city.
“Giving the top award to Barangaroo was a unanimous decision. We all could see that this project was a once in a generation development that has changed Sydney forever. The city has a new front door, a new financial centre and a new recreation destination with waterfront eating all connected by ferries and trains to metropolitan Sydney. The developers, Lendlease, with their design team, have produced a remarkable result that sets a new international standard for urban renewal at a city scale.”