The former ANZ Bank building has been sold.
The former ANZ Bank building at 275 George Street, Sydney, has been bought for over $80 million by John Holland, an engineering, contracting and services provider backed by China Communications Construction Company.
According to Cityscope research, the property sits on a site of 622 sqm, with three street frontages to George Street, Margaret Street and Wynyard Lane. The 14-storey building has a net lettable area of 7,367 sqm with typical floor plates of 528 sqm, and was completed in 1966 with the foyer refurbished in 2003.
The QIC managed property was offered for sale through an international expression of interest campaign closing on 4 May 2017, handled by Colliers International.
The property has development approval for the construction of a 15-storey building with 3 levels below ground comprising two basement levels of plant, bicycle parking and end of trip facilities. The new building will include 3 levels of retail space, and 13 levels of commercial office space.
John Holland was purchased in April 2015 by China Communications Construction Company International Holding Limited (CCCI), which is a wholly owned subsidiary of China Communications Construction Company.