Built celebrate topping out as One Festival Tower soars to new heights
One Festival Tower has reached a major milestone climbing to its peak at 115 metres, to showcase 360-degree views across Adelaide including the Riverbank precinct, the Adelaide Hills, the CBD and beyond.
Walker Corporation announced the 29-floor premium office tower is now 90% committed ahead of the first tenants moving in later this year.
Leading global engineering, management and development consultancy Mott MacDonald, Australian LED lighting manufacturer and digital display company VALO and its sister companies Vircura and Ikara Estates, are the latest to commit to Adelaide’s number one address.
Premier Peter Malinauskas said One Festival Tower is setting a high-quality benchmark to drive corporate investment and economic growth in Adelaide’s CBD.
“One Festival Tower is a major drawcard for global and local companies to bring their skilled jobs to South Australia, creating new employment opportunities,” Mr Malinauskas said.
“South Australia is on a strong growth trajectory right now and we stand behind major infrastructure projects which bring more skilled workers to our state like One Festival Tower.
“It will welcome up to 4000 students and workers who will be our future leaders in technology, government policy, accountancy, consulting, commerce and law.” Walker Executive Chairman Lang Walker AO said the topping-out of One Festival Tower was a big moment in the evolution of the Adelaide skyline.
“This building was carefully designed to include wide-open workspaces on every level, allowing the modern skilled workforce to take advantage of state-of-the-art collaboration hubs,” Mr Walker said. “One Festival Tower is a premium offering never before seen in Adelaide.”
“The $1 billion Festival project is South Australia’s best urban transformation with unrivalled connectivity linking to trains, trams, buses and active transport as well as a 1500-space underground carpark,” said Mr Walker. Managing Director of global consultancy company Mott MacDonald, David Johnson, said they are proud to announce their move to One Festival Tower.
“We are proud to have been part of One Festival Tower’s DNA from its inception, with our engineering teams supporting the design of this world class project,” said Mr Johnson.
“We look forward to relocating our Adelaide-based team of 150 people to One Festival Tower, which is the pinnacle of premium commercial office space in Adelaide. This location is the perfect place for our team to grow as we continue to contribute to projects 2 that drive positive outcomes for our community, both here in Adelaide and around the world.”
VALO Chief Executive Officer and Founder Aaron Hickmann said One Festival Tower presented an unmissable opportunity for his businesses to expand.
“With everything we do across our portfolio, we are raising the benchmark, creating new technologies and products and this is aligned to what One Festival Tower has achieved in the Adelaide commercial office market.
“VALO will move its corporate functions into the new high-tech fit-out at One Festival Tower where we will continue to identify, create and implement visionary technologies that can sustainably enhance human experience and capabilities,” Mr Hickmann said.
Mott MacDonald and VALO will join anchor tenants Flinders University and Deloitte in One Festival Tower, which will be the tallest all electric building in Adelaide, procuring 100% of its electricity from renewable sources to achieve a 6-star Green star rating and 5.5-star NABERS rating.
Built to a gold WELL rating, One Festival Tower used 25,000m3 of concrete in its construction, the equivalent of 10 Olympic swimming pools, as well as 3,000 tonnes of steel reinforcement. Over 90% of construction waste has been recycled so far.
