Westfield will open the first stage of the office component of its $600 million Pitt Street Mall redevelopment in Sydney six months earlier than expected due to better trading conditions.
The Australian Securities and Investments Commission is expected to move into its new 100 Market Street headquarters early next year.
Westfield is yet to make a decision on a second office tower to be developed at 85 Castlereagh Street, above what was formerly the Imperial Arcade.
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But Westfield Managing Director Steven Lowy said conditions in the office and retail leasing markets were improving, in line with the Australian economic recovery.
ccummins@smh.com.au
SMH
