Sydney’s Largest New Lease in 2025
ING Bank commits to 11,000sqm at One Shelley Street
Following an extensive search, ING has committed to a 10-year lease over Levels 4-6 and Part Level 1 at One Shelley Street, together with high profile sky signage rights. The Bank will relocate its teams from 60 Margaret Street to Shelley Street in 2027.
The ING tenancy of 11,000 square metres comprises some of Sydney’s largest floorplates averaging 3,550sqm each. These campus-like floors feature a large, light filled central atrium with interconnecting stairs and, due to the building’s unique diagrid façade structure, are essentially column free enabling an extremely efficient workplace design.
One Shelley is a $600 million Premium-grade asset owned and managed by Charter Hall on behalf of its funds management clients. Located at the northern gateway of the Sydney CBD, tenants benefit from its close proximity to major transport connections including Wynyard Walk, Wynyard Station, Barangaroo ferry services and the Barangaroo Metro station.
A major refurbishment program designed by Woods Bagot was delivered during 2025 where sustainability was central to the brief. One Shelley has achieved a 6 Star Green Star Performance rating and is powered by 100% renewable electricity, as well as a building design that prioritises indoor environmental quality, fresh air and biophilic elements.
ING Australia CEO Melanie Evans noted that the new space would bring teams closer together, supporting collaboration, focus and wellbeing, while aligning with the company’s commitment to reducing its environmental footprint.
Charter Hall Office CEO Carmel Hourigan described the transaction as evidence that demand from major blue-chip companies for premium, well-located and sustainable office space across the Sydney CBD remains strong particularly in a market facing limited new supply over the next five to seven years.
Cadigal were the leasing agents for the transaction on behalf of Charter Hall, while ING were represented by JLL. Cadigal extends its congratulations to all parties involved in bringing this landmark transaction to a successful completion.
