AMP Limited’s
(ASX:AMP) AMP Capital is pushing ahead with the development of the Quay Quarter Sydney precinct in Circular Quay.
The wealth manager has now submitted the Stage 2 Development Application (DA) for the commercial office tower within the precinct.
AMP Capital says the lodgement marks another milestone for the development project which has a total value of about $1 billion.
AMP Capital believes the Quay Quarter Tower will result in a stunning new tower on the Sydney skyline that will set the benchmark in premium office towers globally.
AMP reported a net profit of $971 million in the 2014 calendar year.
