Deloitte relocates Australian headquarters to Quay Quarter Tower

22 February 2019 Consultancy.com.au

Deloitte has confirmed it will be moving into a new headquarters early 2022. The accounting and consulting firm will become the anchor tenant in Sydney’s Quay Quarter Tower. 

With more than 8,000 professionals and 790 partners, Deloitte is one of Australia’s largest professional services firms, and the second largest accountancy and consultancy group in the country. 

Deloitte operates with 14 offices across Australia, with its office at 225 Grosvenor Place, where it inhabits multiple floors, currently serving as its national headquarter. After a spokesperson of the firm last year revealed that the firm was considering options for a new headquarter (the lease at Grosvenor Place runs until 2023), major landlords and real estate advisor jumped on the occasion to promote their locales. 

According to sources close to the matter, main options included Lendlease's 55-level commercial Circular Quay Tower, and 388 George Street, which is controlled by Investa and Brookfield. The decision has however fallen in favour of Quay Quarter Tower in Circular Quay, often referred to as the ‘gateway to Sydney’ for its harbour location and views of the Sydney Harbour Bridge and the Sydney Opera House.

Deloitte relocates Australian headquarters to Quay Quarter TowerLocated at 50 Bridge Street, Quay Quarter Tower is the centrepiece in the broader Quay Quarter project. The tower, due for completion in late 2021, will offer 97,000 square metre of space, and rise 200 metres, making it one of Sydney’s taller buildings. Quay Quarter Tower is largely owned by AMP, which will itself take up an anchor tenancy of 36,500 square metre in the building. Deloitte will become the second anchor tenant in the $3 billion tower, taking a 10-year lease over approximately 32,000 square metres. 

Quay Quarter Tower was designed by Danish architects 3XN. The tower’s Market Hall is designed by AvroKo of New York, while the lobby interiors are designed by London-based architect Tom Dixon’s Design Research Studio. 

The announcement is the second of its kind for the owners of Deloitte’s current office at Grosvenor Place, Dexus, Investa and Aria. Not too long ago co-tenant Norton Rose Fulbright, an international law firm, confirmed it is moving to a new headquarters at 60 Martin Place as part of its merger with local entity Henry Davis York. 

The relocation to Quay Quarter Tower is part of Deloitte’s commitment to providing its people with “premium workspaces that foster collaboration and innovation,” said Andrew Griffiths, Deloitte’s Chief Financial Officer in Australia. Last year, the firm completed upgrades to its offices in Brisbane, Canberra and Perth. Meanwhile in Melbourne, the accounting and consulting firm agreed to take up the anchor tenancy in a new landmark development at 477 Collins Street, in the heart of Melbourne’s city district. 

Globally, Deloitte is headquartered in London, the United Kingdom. The company is led by CEO Punit Renjen and Chairman David Cruickshank.

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