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HARBOURSIDE

HARBOURSIDE, SYDNEY, NSW 2000

The Harbourside redevelopment is located within Sydney’s Darling Harbour precinct and will deliver a total gross floor area (GFA) of 87,000 square metres, including 45,000 square metres of commercial / retail space below a 48-storey residential tower. The new Harbourside will reimagine the Darling Harbour waterfront for the 21st century, reconnect the people and places of Pyrmont, and create a network of new public spaces that seamlessly bring together residents, workers, tourists, and locals as part of a world class mixed-use precinct. Harbourside is an example of the private sector working in partnership with the NSW Government to develop a project that can be beneficial for all people across NSW. This redevelopment demonstrates Mirvac’s capability to partner with Government and unlock large scale complex mixed-use projects. Construction is well progressed and it is due for staged completion from late 2026 to late 2027. This new destination will see a new era in placemaking and mixed-use, delivering exciting new retail, a campus-style commercial space and residential, all integrated with an abundance of accessible green public domains.

Ownership
50% Mirvac, 50% Mitsubishi Estate Co. Pty Ltd
Total Lots
260
NLA
~27,000 sqm office & ~7,000 sqm retail

Summary information

Acquisition/Agreement Date Jan-14
Valuation at 31-DEC-25 $54m
Project Value (incl. GST) ~$2.3bn
Expected Development Value On Completion Commercial: ~$670m
Target Completion FY27+
1. Represents the IPUC value within the Harbourside JV at Mirvac’s ownership percentage, excluding the gross up of lease liabilities under AASB 16, subject to rounding.
2. Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Note: Image is an artist impression only, final design may differ.

Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.