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The redevelopment of Cockle Bay Wharf moves forward with a key milestone unlocked

By AMP Capital media team

A redevelopment of Cockle Bay Wharf will deliver over 6,500 square metres of new, open public space.


The new public space will cover the 8-lane Western Distributor that currently separates much of Darling Harbour from the CBD community. It will turn unutilised space above the 8-lane freeway into a new, public green space.


Once complete, it will transform the precinct into a world-class community, retail, entertainment and commercial precinct.


The park and retail spaces include native plantings, paths of water and a distinct village design to reflect our commitment to maintaining the site’s historical significance as a place of gathering, trade and ceremony.


The design will create a new type of workplace fit for the future of work, focused on health and wellbeing of staff, innovation and collaboration, outdoor space on its doorstep and direct access to a vibrant waterfront community.


Henning Larsen were chosen as the architect following a rigorous International Design Excellence Competition.

AMP Capital and The GPT Group’s (‘GPT’) planned 75,000 square metre redevelopment of Cockle Bay Wharf, at the heart of Darling Harbour, is progressing to the next stage of the approvals process with the Stage Two Development Application and Environmental Impact Statement going on display.

Kit Georgeos, AMP Capital Wholesale Office Fund Manager, said: “We are proud to be a part of this significant redevelopment, which will give space back to the community and create a new workplace of the future, that has a strong health and wellbeing focus. We see this as an important investment in Sydney’s CBD and look forward to delivering long-term, sustainable performance on behalf of investors.”

Matthew Faddy, Head of Office and Logistics at The GPT Group, said: “This milestone is an exciting next step in the proposed redevelopment of Cockle Bay Wharf. The revitalisation of the harbourside Cockle Bay precinct will create a community destination that offers world-class retail, commercial, entertainment and open space for the public to connect with and enjoy.

“Delivering more than 6,500 square metres of additional open public space, with new green space created over the top of the eight-lane Western Distributor, the redevelopment will enhance connectivity between Darling Harbour and the CBD community. It will also have connectivity to key public transport hubs, including Town Hall Station and future Metro stations.

“The redevelopment will contribute to the creation of more than 3,000 jobs through the construction period, investing in the revitalisation of the CBD and Sydney economy, as we recover from the disruptions of COVID-19.”

Martin Ritchie, Fund Manager of GPT Wholesale Office Fund, said: “This is an important milestone in the evolution of Darling Park and will expand the precinct into a world-leading workplace along Sydney’s waterfront, with outdoor space on its doorstep and direct access to a vibrant community.”

This redevelopment will add to the benefits created over recent years with approximately $12 billion of public and private investment in the Western Harbour area.

World renowned architects Henning Larsen were chosen following a rigorous International Design Excellence competition.

The project’s key features include:

• More than 6,500 square metres of new, open public space in addition to public paths and connections.
• More than 10,000 square metres of new retail space
• More than 3,000 jobs created during construction, and
• A 43-storey commercial building with some 65,000 square metres of office space that will offer new job and business opportunities.

The Stage One concept plan was approved by The NSW Independent Planning Commission in May 2019.

The Stage Two Development Application and Environmental Impact Assessment is due to go on public exhibition from Tuesday 9 November 2021.

Cockle Bay Wharf is co-owned by the GPT Wholesale Office Fund (50%), The GPT Group (25%), and AMP Capital Wholesale Office Fund (25%).

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While every care has been taken in the preparation of this document, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. Neither AMP Capital nor any company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This document is not intended to be and does not constitute financial advice nor a recommendation to subscribe for or purchase any investment by any person in any jurisdiction nor does it constitute an offer, solicitation or invitation to subscribe or purchase any investment in any jurisdiction where it would be contrary to the laws, regulations or directives in force or applicable in such jurisdiction.

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