Crown Sydney ‘Tops Out’
Exclusive new shots as landmark $2.4bn building, Crown Residences at One Barangaroo, reaches new heights.
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In a milestone for the Crown Sydney development, the already iconic Crown Residences at One Barangaroo has officially ‘topped out’ ahead of schedule – marking completion of its 275-metre vertical construction.
Designed by globally-renowned architects WilkinsonEyre, this is another impressive and on-time development for the project – that will this December see the planned opening of a 349-room hotel, 14 restaurants and bars and selected retail.
Crown Residences, located in the upper levels, are also on schedule for homeowners to move into the building in the first half of 2021.
Crown Towers Sydney Deluxe Villa bathroom.
While topping out normally means a large celebration, things were a little more subdued given Covid-19 restrictions – the milestone marked by a site visit from NSW Treasurer, Dominic Perrottet, alongside Crown Resorts Chair, Helen Coonan, Crown executives Ken Barton and Todd Nisbet and Group CEO of Lendlease, Steve McCann.
“Today marks a special moment in Crown’s history, which hopefully can also be a part of a new, positive outlook for Sydney after months of unprecedented challenges for many in our community,” offered Coonan. “This building was designed to be a tribute to Sydney and a landmark recognised around the world.”
The view from the top.
To date, 237,888 tonnes of concrete and approximately 20,000 tonnes of steel reinforcements have been fitted to the structure. To finalise the build, more than 1,300 workers will continue to work on the interior fit-out of across the remainder of the year.
Check out more photos of the project below.
Crown Sydney Lobby
Crown Tower Sydney Deluxe Villa living and dining room.
Crown Towers Sydney Harbour Bridge King Room.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992
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Australia’s commodity-rich economy recorded its weakest growth momentum since the early 1990s in the second quarter, as consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.
The economy grew 0.2% in the second quarter from the first, with annual growth running at 1.0%, the Australian Bureau of Statistics said Wednesday. The results were in line with market expectations.
It was the 11th consecutive quarter of growth, although the economy slowed sharply over the year to June 30, the ABS said.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992, the year that included a gradual recovery from a recession in 1991.
The economy remained in a deep per capita recession, with gross domestic product per capita falling 0.4% from the previous quarter, a sixth consecutive quarterly fall, the ABS said.
A big area of weakness in the economy was household spending, which fell 0.2% from the first quarter, detracting 0.1 percentage point from GDP growth.
On a yearly basis, consumption growth came in at just 0.5% in the second quarter, well below the 1.1% figure the RBA had expected, and was broad-based.
The soft growth report comes as the RBA continues to warn that inflation remains stubbornly high, ruling out near-term interest-rate cuts.
RBA Gov. Michele Bullock said last month that near-term rate cuts aren’t being considered.
Money markets have priced in a cut at the end of this year, while most economists expect that the RBA will stand pat until early 2025.
Treasurer Jim Chalmers has warned this week that high interest rates are “smashing the economy.”
Still, with income tax cuts delivered at the start of July, there are some expectations that consumers will be in a better position to spend in the third quarter, reviving the economy to some degree.
“Output has now grown at 0.2% for three consecutive quarters now. That leaves little doubt that the economy is growing well below potential,” said Abhijit Surya, economist at Capital Economics.
“But if activity does continue to disappoint, the RBA could well cut interest rates sooner,” Surya added.
Government spending rose 1.4% over the quarter, due in part to strength in social-benefits programs for health services, the ABS said.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
