Mirvac will be the developer, builder and a long-term owner in the precinct, which includes:
Mirvac, together with AMP Capital’s fund, AWOF, and AMP separate account client, Sunsuper, as Coinvestors, the Commonwealth Bank as one of Australia’s largest tenants, and Centuria, as an owner of the existing buildings, are committed to delivering this significant urban renewal project in alignment with the Government’s original vision for ATP and the emerging Central to Eveleigh Urban Transformation Strategy.
Following the acquisition of ATP, Mirvac and its partners will revitalise the existing technology precinct through the development of approximately 93,000 square metres of office space, in addition to 3,00 square metres of amenity, including a gymnasium, retail outlets, childcare and a multipurpose community space.
The Locomotive Workshop will be redeveloped to deliver high-quality, multi-purpose A-grade workspaces for major technology and innovation users and start-up businesses. In order to further enable and encourage the use of the ATP precinct as a technology and innovation hub, Mirvac, the Commonwealth Bank and Centuria will establish a Tech Incubation Fund. The purpose of the Tech Incubation Fund will be to enable appropriately qualified technology focused companies and start-up businesses to occupy space within the Locomotive Workshop on subsidised rents.