Sydney's tallest structure could be sharing its title with another building. The City of Sydney Council received a proposal for two adjacent skyscrapers at the northern end of the CBD. If they are built, the office blocks they’ll be up there with Sydney tower, at more than 300 metres high.
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00:00Sydney's skyline could soon be taken to new heights, with two new proposed buildings for
00:07the city's CBD slated to go more than 300 metres high.
00:11Lend Lease says its proposal for a 72-storey building, which will be able to accommodate
00:169,000 workers, will help transform the city.
00:19We are very, very keen to remove any of the red tape and bureaucracy that stands in the
00:25way of Sydney progressing.
00:26A big measure of that progress is big buildings being built in the middle of the city.
00:31So the red tape for many years has been the height limit in the city.
00:35Sydney Tower is the tallest structure in the city, standing at 309 metres.
00:41These new buildings are approved.
00:42One will be the same height and the other will be just four metres shorter.
00:46Cities are an expression of the aspirations of people.
00:50They are the built embodiment of society.
00:54And height has always been an expression of aspiration, confidence and indeed power
01:00in cities.
01:02The towers would be used as offices at a time when recent data shows persistently high office
01:07vacancy rates in the city centre.
01:09CBRE data from March showed that there's been an uptick in recent months in terms of the
01:14availability of office space.
01:15We're seeing rental vacancies start to come down, but it's been fairly stable over time.
01:20We're still not seeing office market rates coming back to their levels that they were
01:23at pre-pandemic, which reflects people still continuing to work from home.
01:27The plans for the proposed buildings will be discussed at a council meeting next week.