Atlassian plans to move into the Nasdaq-listed software firm’s new skyscraper beside Sydney’s Central Station in 2028 after investing hundreds of millions of dollars in the project.
The tower is jointly owned by Dexus and Atlassian, with Atlassian locked in as the anchor tenant under long-term arrangements.
Earlier expectations put the finished building’s value at around $1.8 billion, reflecting its scale and profile in the city’s tech precinct.
Executives frame the move as a deliberate strategic bet on a flagship base rather than a simple real-estate upgrade.
Designers pitch the tower as a technology-forward low-carbon landmark that sharply cuts operating costs compared to Atlassian’s existing Sydney offices.
Internal modelling suggests the company will pay roughly one-third less per square metre for space in the new building than it does now.
Leadership also expects those per metre costs to fall further over the life of the tenancy as efficiencies compound.
The combination of premium workspace and lower ongoing rent makes the development attractive to finance teams focused on long-horizon cost control.
