
Two huge new skyscrapers are set to reshape Sydney's skyline – and they'll be taller than the iconic Sydney Tower
The planning changes – increasing permitted building height to 310 metres – were introduced to enable the construction of a new 70-storey skyscraper at 56–60 Pitt Street. Nearby, at 1–25 O'Connell Street, a 319-metre tower is also expected to rise above the CBD in the coming years. Though not officially approved yet, this 71-storey tower is 'in line with the Central Sydney Planning Strategy,' according to Lord Mayor Clover Moore AO.
'These buildings will provide future workplaces that are in line with what business expects and that are essential for Sydney as a globally competitive city,' Moore said, after explaining how the Pitt Street development will benefit the city.
'This project will provide more office space, a high-quality design and outstanding public places, in the form of a new public plaza and a pedestrian through-site link connecting Pitt Street to Spring and Gresham streets.'
Both towers fall within the northern tower cluster area of Central Sydney, and while exact plans haven't yet been made public, their height could reshape the city's iconic skyline – surpassing the Sydney Tower, which currently stands at 309 metres.
Worried about what that might mean for your sun-soaked lunch breaks and city views? According to the City of Sydney, the Central Sydney Planning Strategy allows the skyline to rise while ensuring that sunlight continues to reach key public spaces, including Hyde Park, Wynyard Park and the Royal Botanic Garden.
'It was the product of three years of deep research by City staff, who worked block by block, carefully examining the way our city works and where sunlight falls. We can build tall towers in the city; we can see our skyline rise with iconic, sustainable buildings – when we follow deep, evidence-based work that considers the current and future needs of our city,' said Moore.
This art-lined toll-free motorway is being built in Sydney's west.
.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
2 days ago
- Daily Mail
What a mess Crystal Palace's European saga is - and the blame lies with UEFA, writes MIKE KEEGAN
The law is an ass – and with every passing day its enforcement appears to resemble a donkey derby. UEFA first introduced rules on multi-club ownership in 1998. The aim was to prevent collusion. How is that working out? In recent times Red Bull Leipzig and Red Bull Salzburg have competed in the Champions League, as have Girona and Manchester City, who both come under the City Football Group. Why? Because their owners, well aware of the steps needed, ticked the relevant boxes in time. Indeed, when it looked like Nottingham Forest and Olympiakos may both qualify for the Champions League – and potentially breach the rules – Evangelos Marinakis did what everyone else in that position does and placed his shares in Forest into a blind trust. What Palace are guilty of is not colluding with Lyon, who are owned by former major shareholder John Textor, but of failing to play along with the game. Unsurprisingly, they are now in war mode at Selhurst Park ahead of an appeal to the Court of Arbitration for Sport. The shovels are out and it would appear that the digging is unearthing all manner of dirt. As Mail Sport has revealed, Palace are expected to demand that UEFA hands over what they believe are bombshell emails and texts that exist between the governing body and Nottingham Forest. UEFA introduced multi-club ownership rules to prevent collusion, but that has hardly worked They are firmly of the view that the documents prove that Forest were given extra time beyond the March 1 deadline to comply with the rules. As it turned out, Marinakis was removed as a person of significant control of NF Football Investments, the vehicle that owns the club, on April 30. Should Palace succeed with their demand, they believe the documents would represent the smoking gun they need to present to the Court of Arbitration for Sport (CAS) as it would clearly indicate double standards. Furthermore, UEFA's case stands and falls on the March 1 deadline, which was brought forward for this season. Confirmation of an extension for one and not another would at the very least raise serious questions. When Mail Sport asked chairman Steve Parish for his observations following Palace's crunch hearing at UEFA HQ, he declined to comment. However, earlier this week, he took a swipe at the 'beneficiaries'. 'If there wasn't someone who wanted to get in as a consequence, then there wouldn't be a problem,' he told The Rest is Football podcast. 'People have to look at themselves in terms of what they do. Some people say it's fine, some say it's not. I don't have control of that. I have control of the arguments we put forward to UEFA.' But Forest are looking out for, rather than at, themselves, which ironically is the sole thing every Premier League club has in common. At the City Ground they were aware of the initial deadline and of the issue and reacted accordingly, albeit even if they did need additional time. As things transpired, Forest did not qualify for the Champions League and so there may be an element of the red herring. It is impossible not to feel sympathy for Palace and their fans. The enemy here, however, lies at the side of Lake Geneva, rather than the River Trent.


Reuters
2 days ago
- Reuters
G20 finance chiefs back central banks' independence as they seal communique
DURBAN, July 18 (Reuters) - Finance chiefs from the Group of 20 countries stressed the importance of central bank independence in a communique issued on Friday following a two-day meeting in South Africa's coastal city of Durban. The ministers and central bankers pledged to boost cooperation as they sealed their first communique since October 2024, a month before President Donald Trump's election victory and subsequent tariff war. The issue of central bank independence hung heavily over the meeting following Trump's repeated berating ofU.S. Federal Reserve Chair Jerome Powell for not cutting interest rates, attacks that have roiled global financial markets. The communique was reached in the absence of U.S. Treasury Secretary Scott Bessent from the two-day meeting, though Washington was represented by Michael Kaplan, acting under secretary of the Treasury for international affairs. Bessent also skipped the previous G20 finance chiefs' gathering in Cape Town in February, even though Washington is due to assume the G20's rotating presidency in December. "Central banks are strongly committed to ensuring price stability, consistent with their respective mandates, and will continue to adjust their policies in a data-dependent manner. Central bank independence is crucial to achieving this goal," the communique said. South Africa's deputy finance minister David Masondo told reporters that the meeting outcomes contained in the communique were "consented to by all members" and centred on "strategic macroeconomic issues". The communique also recognised "the importance of the World Trade Organisation to advance trade issues", while adding the body needed reform. The agreement is seen as an achievement even though communiques issued by the G20, which emerged as a forum for cooperation to combat the 2008 global financial crisis, are non-binding. G20 finance ministers failed to reach a joint stance when they met in February, to the dismay of hosts South Africa. South Africa, under its presidency's motto "Solidarity, Equality, Sustainability", has aimed to promote an African agenda, with topics including the high cost of capital and funding for climate change action. The finance ministers and central bank governors said in Friday's communique that they were committed to addressing debt vulnerabilities in low- and middle-income countries in an effective, comprehensive and systematic manner.


Times
3 days ago
- Times
Fun in the sun heats demand for Dunelm's garden furniture
A strong summer sale and healthy demand for garden furniture helped Dunelm to weather the subdued retail market with a 4 per cent increase in fourth-quarter sales. The homewares retailer, which sells items ranging from armchairs to kitchenware, reported total sales of £415 million for the 13-week period to June 28, up from £399 million last time. It attributed the good results to solid demand during its summer sale, which included both full-priced and discounted products. The warm weather also helped Dunelm, boosting sales of outdoor furniture and decorative outdoor accessories, while its furniture category continued to 'perform particularly strongly'. The company, which named the Sainsbury's executive Clodagh Moriarty as its new chief executive last week, is expected to report pre-tax profit in line with forecasts, which analysts have put at £210 million. However, Dunelm cautioned that there were still no clear signs of a sustained recovery in consumer confidence. Nick Wilkinson, who will step down as chief executive of Dunelm in October, said: 'Amid muted consumer confidence, we are not standing still waiting for a recovery. We are instead focused on delivering relevance to our customers.' He added that the company remained confident as it progressed with ambitions to gain further market share. The retailer opened four stores during the fourth quarter, including its first inner-London store at Westfield in White City, another small superstore in Trowbridge, and large superstores in Manchester and Southend. Full-year sales also rose 3.8 per cent year-on-year to £1.8 billion. The Leicestershire-based retailer credited the uplift to the introduction of AI-powered search and recommendations on its website 'driving increasingly personalised experiences'. Dunelm acquired the Dublin-based Home Focus at Hickeys and its 13 stores in November last year, marking its entry into the Irish market. It also took over the luxury home decor company Designers Guild in April, which supplies fabrics under exclusive licence from the royal family. Shares in the FTSE 250 retailer are up 14 per cent this year and rose another 46p, or 4 per cent, to close at £11.87 on the positive update. Meanwhile, another furniture retailer also showed resilience against a gloomy economic backdrop. DFS Furniture recorded a 5.8 per cent increase in gross sales for the year to June 29. Its order intake rose 10 per cent year-on-year, 'demonstrating significant outperformance of the market that remains subdued'. Tim Stacey, chief executive of DFS, said: 'Looking forward, we are confident that the group is well positioned to drive attractive returns for shareholders as the market recovers and we remain focused on delivering our medium-term ambition of £1.4 billion revenue and 8 per cent PBT margins.'