Real estate investment trust Dexus has taken up redevelopment of Lakes Business Park South in Botany, known as Botany Quarter, to create one of the largest business and lifestyle hubs in South Sydney.
Designed by nettletontribe, the premium ‘life-work-life’ hub will offer more than 200 individual creative office, retail, hi-tech industrial, individual storage units, and food and beverage offerings spanning three buildings across 24,300m².
The project comprises two adaptive reuse buildings with flexible configurations for creative office suites, high clearance warehouses with mezzanine and display front, food and beverage plus retail suites, as well as a childcare centre.
The redevelopment will also include a new building comprising hi-tech industrial units with loft showrooms, creative commercial suites, and storage units.
Botany Quarter is an addition to the mixed-use portfolio of Dexus, complementing the adjacent Lakes Business Park and Sir Joseph Banks Corporate Park, and The Mill in Alexandria.
Dexus chief investment officer Ross Du Vernet said: “Building on our mixed-use experience, we’ve created a highly flexible offer that will meet the demands of the current market, while allowing flexibility for dynamic businesses to change and evolve.
“Botany Quarter will reinvigorate the South Sydney area and create a much-needed lifestyle precinct, in the same way that The Grounds of Alexandria has done, for the enjoyment and benefit of both workers and the local community.”
The precinct will include destination restaurants, cafes and eateries, parkland, and amenities such as a proposed on-site gym and childcare facility.
The company said that Botany Quarter will promote a community atmosphere where customer wellbeing is at the forefront.
It said that the new precinct will be the destination address in south Sydney for a range of businesses and entrepreneurs, as well as offering an urban sanctuary for local residents and visitors.
Michael Crombie and Tom Barnier at Colliers International, South Sydney, have been appointed to market the project.