126 Phillip Street evolves: Investa begins construction of The Assembly arrival lobby and Balmain secures new headquarters
Investa is pleased to announce a transformation of the ground floor arrival lobby at the iconic Deutsche Bank Place at 126 Phillip Street, Sydney – the landmark Premium-grade tower on the city’s skyline.
The Assembly – A space to arrive, work and connect
Construction has now commenced on The Assembly, the premium ground floor arrival and social space designed by Warren & Mahoney Architects. With sophisticated finishes, versatile third spaces, and an elevated food and beverage offering, The Assembly will become the heart of 126 Phillip Street – a place to work, meet, and connect through casual and fine dining, collaboration, informal business meetings, and events. Occupants will be able to enjoy the new space in the coming months, with construction expected to be complete by April 2026 – ahead of a rare opportunity to lease upcoming office space at the prestigious address.
Video: Learn more about The Assembly and the evolution of Deutsche Bank Place at 126 Phillip Street, Sydney.
Balmain selects new headquarters to reflect growth
Balmain, a privately owned and operated, Australian private credit organisation, has chosen Level 11 at 126 Phillip Street, Sydney as its new Australian headquarters – a strategic move aligned with the company’s growth, and focus on fostering a collaborative customer led culture.
Balmain’s new 1,444sqm office features a state-of-the-art fitout tailored to a high-performance, innovative work environment. The thoughtfully designed space includes a welcoming client-facing reception, front-of-house area, multiple meeting rooms, quiet zones, collaborative hubs, and even a games room – blending modern functionality with a premium user experience.
Andrew Griffin, Chief Executive Officer at Balmain said: “As Balmain continues to grow, we needed a workplace that reflects our vision and values and gives our people the environment and tools they need to deliver exceptional outcomes for our investors.”
Mark Podgornik, Head of Leasing at Investa, said: “Investa is proud to welcome Balmain to 126 Phillip Street – a property that continues to attract industry leaders who value quality, location, and workplace experience. The upcoming ground floor upgrade will maintain 126 Phillip Street’s reputation as a best-in-class Sydney CBD office address, with curated dining, retail and bookable third spaces for our occupants to enjoy and entertain in.”
Photo: Balmain's new office at 126 Phillip Street, Sydney.
About 126 Phillip Street, Sydney
Jointly owned by the Investa Commercial Property Fund (ICPF), Investa Gateway Offices (IGO) and a Mirvac Managed Fund (LAT), 126 Phillip Street is a 34-storey office tower with Sydney’s first remote core and Australia’s tallest atrium, rising the full 160-metre height of the tower. Designed by globally acclaimed architect Lord Norman Foster of Foster + Partners, the award-winning tower is celebrated for its architectural excellence. It offers Premium-grade office space in a premier CBD location at the top end of Hunter Street, with views of Sydney Harbour and the Botanical Gardens through its floor to ceiling glass façade.
The tower holds several sustainability credentials, including a 5-Star NABERS Energy and 4-Star NABERS Water rating, and is WELL Platinum, Equity, Health and Safety and Core rated by the International WELL Building Institute. Premium end-of-trip facilities, a childcare centre, and landscaped outdoor areas complete the offering – delivering a workplace designed for comfort, connection and convenience.
Photo: The landmark Deutsche Bank Place at 126 Phillip Street, Sydney.
