259 George Street (formerly the Suncorp Place, AAP Centre and the Qantas International Centre) is a skyscraper located at 259 George Street, Sydney, Australia. It was built for Qantas and designed by architects Joseland & Gilling, and was completed in 1982.
Description The building is tall and 42 levels to roof, although the rooftop structure brings the total height to . It offers a column free layout with floor to ceiling views of Sydney Harbour and the Sydney CBD and had a dedicated computer centre constructed underground to support Qantas' global airline operations.
Construction The building was first announced in 1966, with development approval given on 19 August 1968. Construction for Stage 1 of the project began in 1970, targeted for completion in 1973. However, the project was delayed many times due to industrial action by the Builders Labourers Federation, taking 12 years to finally complete in 1982. The foyer and forecourt was refurbished in 1994 and the building was partially renovated in 1997. Most recently, the lobby was completely refurbished with full concierge service in 2015 and End of Trip facilities named 'Zephyr' added in 2017.
Anchor Tenants In 1990 Qantas vacated the building moving to World Square.Qantas Moves out Australian Transport August 1987 page 17 In 2005, Suncorp took out naming rights for the building and leased over 15 floors.Suncorp lured to CBD landmark Sydney Morning Herald 23 November 2005
In 2018, IBM became the anchor tenant occupying over seven floors with naming rights to the building.IBM closes a major new lease deal in the Sydney financial district Australian Financial Review 27 November 2018
Ownership Initially owned by Qantas, the building was sold to the Commonwealth Bank Officers Superannuation Fund in April 1986 for $200 million, making it the largest commercial property sale in Australia at the time. In 1999, Commonwealth Property Office Fund acquired a 50% interest in the property for $127.5 million and the remaining 50% was purchased in 2005 for $125 million. The building remained under their ownership until its sale to Singapore based Memocorp for $395 million in 2011.
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