Charter Hall’s Chifley South tops out as new tenants commit to $4 billion Sydney CBD precinct

Charter Hall Group (Charter Hall or the Group) has reached a major milestone in the transformation of its Chifley precinct in Sydney’s CBD, with the $1.8 billion Chifley South development reaching its highest structural point and new office and hospitality tenants secured.

The topping out, delivered with construction partner Built, brings Chifley South closer to its anticipated completion in mid-2027, with the development one of very few major office projects underway in the Sydney CBD against a backdrop of limited new supply.

Over 10,000sqm of additional commercial and retail leasing has been secured, including a full-floor commitment from Landmark Group and expansions from pre-committed tenant customers UBS and Charter Hall, highlighting conviction in Chifley and market demand for premium office space.

The new leasing also extends to the ground plane, with two hospitality operators pre-committing to the transformed Chifley precinct. Applejack Hospitality is set to open RAFI CBD, bringing their global hospitality experience to Chifley Square, while Kadlia, the group behind Kazan, will open a new fine-dining Japanese restaurant. Both are scheduled to open in September 2027.

Together, Chifley North and Chifley South will form a two-tower commercial precinct with an end value of approximately $4 billion, owned by a wholesale partnership managed by Charter Hall Group. The completed precinct is expected to accommodate up to 10,000 workers.

The precinct is opposite the new Martin Place Metro Station, with connectivity to be further enhanced by the future Hunter Street Station nearby, linking the CBD with Western Sydney.

Charter Hall Office CEO and Institutional Client Services, Carmel Hourigan, said: “Topping out Chifley South is an important milestone in the transformation of the broader Chifley precinct and moves us closer to delivering the next generation of premium office space for Sydney.

“The addition of Landmark Group and leading hospitality operators Applejack and Kadlia Group reflects the strong appeal of the revitalised Chifley precinct and our vision to create a world-class destination that brings together premium workplaces, hospitality and amenity.

David Paterson, CEO Construction, Built, said: “Topping out Chifley South marks an important milestone for everyone involved, following years of collaboration and detailed planning to deliver one of Sydney's most complex commercial developments alongside an existing operational environment. These deep capabilities have helped underpin Built’s growth into what is now Australia's largest privately owned construction company, delivering a national portfolio of complex projects across health, defence, data centres and major infrastructure.

“We're proud to partner with Charter Hall once again on another landmark project and look forward to progressing the tower through its next stages toward completion.”

Minister for Planning and Public Spaces, Paul Scully: “It’s great to see this project reaching another milestone today with the topping out.

“On the doorstep of a metro station and in the heart of the Sydney CBD, the new Chifley building is an investment in the future of jobs in Sydney.”

The Rt. Hon. Clover Moore AO Hon. FRAIA, Lord Mayor of Sydney, said: “Chifley South is a beautifully designed 37-storey, fully electric targeting a 6-star Green Star rated building, with retail and hospitality, public spaces, and quality public art – a landmark development that will serve our city life for decades.

“People want to come to work in a stimulating environment where they can connect, exchange ideas, find solutions and have some fun. Great cities continue to evolve to provide these sorts of places.

“This whole precinct is being future-proofed as a premium workplace, helping Sydney retain its status as a leading global city and the powerhouse of the NSW and Australian economies.”

Charter Hall Managing Director & Group CEO, David Harrison, said: “Chifley South is a significant investment in the future of Sydney’s CBD and reflects our confidence in the continued demand for high-quality workplaces in global gateway cities.

“Together with our partners, we are creating a precinct that responds to the needs of businesses and their people while contributing to Sydney’s public realm and long-term economic strength.”