Liverpool Civic Place marks development momentum in Liverpool CBD

SYDNEY, 7 May 2024 – The new face of Liverpool takes shape with the debut of Liverpool Civic Place. This modern, mixed-use development is a significant milestone in Liverpool's evolution towards Sydney's third CBD.

JLL, appointed to lease the building, emphasises this important project's role in reshaping the city's office market.

Liverpool Civic Place, with its 12,700sqm commercial space over 11 floors, offers businesses a prime location at 50 Scott Street. Besides office spaces, the development features council chambers, a library, and childcare services, providing an inclusive community ecosystem. It strengthens Liverpool CBD, offering new public arenas and fostering job creation.

Liverpool, located within the Greater Western Sydney region, is responding to infrastructure progress and preparing for future demographic expansion. Notably, the city's nearness to the new Western Sydney Airport and Western Sydney University and proposed upgrades to local transportation establish it as a hub of activity.

"Liverpool Civic Place shifts the Liverpool office market narrative," states Maria Mangcoy, JLL leasing agent. "It presents a unique, progressive option for clients seeking office spaces with sought-after ESG credentials in this fast-growing region."

The unveiling aligns with the economic upswing in Western Sydney prompted by infrastructure projects and business expansions, including the approved plans for Westfield Liverpool's redevelopment. These advancements serve a future population surge and ensure Liverpool continues to thrive.

Stephen Panagiotopoulos, JLL leasing agent, adds, "As Liverpool matures, Liverpool Civic Place steps forward as a key project. With close proximity to new infrastructure including the Intermodal and Health Precinct, Liverpool CBD is attracting excellent enquiries and strong future growth."

The rising number of degree holders and professionals indicates higher office demand. With an estimated population of 240,000, Liverpool's immigrant and population growth offer more scope for commercial property growth.

Liverpool Civic Place underlines the ongoing growth in Liverpool. It presents an investment opportunity for both institutional owners and savvy investors. As a prominent establishment in a flourishing region, it offers an optimistic glimpse into Liverpool's commercial real estate future.