Focus on investments: South Eveleigh
Updated on 29 July 2025
2 minute read
Our investment in South Eveleigh supports local businesses and communities, while helping to fund our members’ futures.
Image caption: South Eveleigh precinct
About South Eveleigh
The South Eveleigh precinct is a work and lifestyle destination located on the fringe of Sydney’s CBD. It was developed by Mirvac Group (Mirvac) and is co-owned by ART and a Mirvac-managed fund. The precinct is an urban renewal project, converting 13.5 hectares of land, including the old locomotive workshops adjacent to Redfern railway station, into a thriving office and retail district.
Did you know?
- The locomotive workshops opened in 1887, and were responsible for manufacturing, repairing, assembling and maintaining every element of a locomotive steam engine.
- The 2018 South Eveleigh building ‘The Foundry’ is named for the great Eveleigh Foundry that once stood in its spot.
The two blacksmith bays – now used by Eveleigh Works – remain the only intact operating bays from the original Locomotive Workshop.
- There are many prestigious individuals connected with South Eveleigh – including Mary “Mollie” Lions – the longest serving industrial nurse at Eveleigh – she worked at the Workshops for over 20 years, from 1947 – 1968.
Our investment
In November 2015, ART acquired a one-third interest in the development of three buildings in the precinct. The investment features two campus-style office buildings with over 90,000 sqm of office space anchored to Commonwealth Bank of Australia (CBA) which was completed over 2019 to 2020.
The precinct also contains food and service retail space alongside community facilities such as sports courts, an indigenous rooftop farm and a cultural community garden. The campus has been awarded a 6-star Green Star Design & As Built rating by the Green Building Council of Australia, with on-site solar panels to supply renewable electricity to the building.
Why we’re invested
Investing in South Eveleigh provides:
- Access to a newly developed asset with CBA as an anchor tenant providing a reliable income stream, with annual fixed increases.
- Modern buildings with sustainability credentials which can be viewed here.
- High quality income and diversification benefits to our real estate portfolio.
Future focus
South Eveleigh is an evolving precinct, which has tailwinds from the development of nearby Waterloo Station and redevelopments at Redfern station. Also providing future potential is its location within the Tech Central precinct – a NSW Government initiative tasked with creating the biggest innovation and technology hub in Australia.
ART expects to continue to support the revitalisation of this precinct, supporting local businesses as well as seeking to enrich existing communities through social and cultural spaces. We recognise the importance of the activation of the precinct to create value for members by fostering future employment, and opportunities for local business and retailers.
Image caption: South Eveleigh precinct
Learn more about our investments
You can review your investments anytime by logging into Member Online or through the ART app.
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