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Sydney CBD development Parkline Place scores its first tenant as BDO outgrows its existing office space.
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BDO gives commuting a vote of confidence with landmark lease
21 April 2023
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BDO has given the traditional office commute a huge vote of confidence by signing up to be the first tenant of landmark Sydney CBD development Parkline Place.
With sweeping views across the harbour and city from levels 22 to 25, it expands BDO’s office footprint from 4,480 square metres to 6,100 square metres in one of the biggest lease deals since the pandemic.
A spokesman said the firm had expanded since the pandemic from 330 Sydney partners and staff to 610 partners and staff and needed the space.
There was no company mandate on number of days its staff must attend the office, but Sydney managing partner Grant Saxon said the decision was all about “earning the commute”.
“Its location and integration with Sydney’s transport network will make it easy for our people and clients to access our team,” he said.
“The design of the office is also critical so that staff will have an incentive to come together and collaborate in a sustainable environment with amenities that encourage agility and a positive work culture.”
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“We understand that the benefits that come with flexibility and face-to-face contact will only be realised if we ‘earn the commute’, so we are investing in quality amenities that will make our workspace unique.”
The 39-storey tower, by acclaimed architect Foster + Partners, occupies the corner of Pitt and Park Streets and is due for completion next year. It sits above Sydney Metro Pitt Street Station and incorporates hospitality and retail.
BDO is set to move in during 2025 and has podium signage rights. The decision was an assertion of the firm’s values, Mr Saxon said.
“Moving into a building of the quality of Parkline Place makes a statement about where we are as a firm. The new premises will provide a superior office experience of quality, amenity and sustainability reflecting our position in the market from both a client and talent perspective.”
Built by CPB Contractors, the tower is described as a modern interpretation of classic Sydney sandstone, masonry and bronze with “flexible, contemporary workspaces for the next generation of business ideas and collaboration”.
Facilities include social hubs, a multi-purpose podium area, breakout spaces and interconnecting stairs. The building will be powered by 100 per cent renewable energy and it will be net zero in operations.
The development is co-owned by Oxford Properties Group and Mitsubishi Estate Asia, and managed and delivered by Investa.
Oxford Properties Australia chief Alec Harper said signing BDO was a milestone for the project and validation of its commitment to “workplaces that are green, smart and focused on wellness and employee experience”.
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