Sydney Olympic Park. Work on office building

Work on a new six-storey commercial office building, in Murray Rose Avenue, in Sydney Olympic Park, is expected to commence as soon as Department of Planning approval is received. The building, opposite the train station, will incorporate five floors of commercial offices, with ground floor retail and 2 levels of underground car parking. To be built by developers FDC Construction and Fit Out Pty Ltd, the new building is expected to open in late 2012 and house up to 350 workers. This new, A-grade commercial office building will sit alongside the Watpac-developed 8 Australia Avenue building, which was recently purchased by a managed fund for $30 million.Several other commercial developments are in the pipeline as the property markets interest in the precinct increases.