Southern Cross Electrical Engineering (ASX:SXE) - Managing Director, Graeme Dunn
Managing Director, Graeme Dunn
Source: Graeme Dunn/LinkedIn
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Southern Cross Electrical Engineering’s (SXE) subsidiary Heyday receives a $35 million contract for the Atlassian Australian HQ building in Sydney
  • The 39 storey-high development is set to be the world’s tallest hybrid-timber building and will be located at 8-10 Street, Sydney, adjacent to the Central Rail Station
  • The building boasts an innovative design with sustainability and renewable energy in mind and is targeting a 6-star Green Star rating
  • Heyday expects to start work immediately and completion is anticipated towards the end of 2026
  • Company shares end the day 0.68 per cent in the red to close at 73 cents

Southern Cross Electrical Engineering’s (SXE) subsidiary Heyday has been awarded a $35 million contract.

The electrical services design and construct contract is for global software giant Atlassian’s Australian HQ building development in Sydney.

The project is located at 8-10 Lee Street, Sydney and anchors the New South Wales Government’s Tech Central precinct.

The building is set to be 39 storeys high which reportedly makes it the world’s tallest hybrid-timber building. The 75,000-square metre development will include new YHA Railway Square accommodation within the lower levels.

In an effort to meet sustainability targets, the development will include a 50 per cent reduction in carbon compared to a conventionally constructed building and a 50 per cent reduction in operational energy. Moreover, the building will only rely on renewable energy for power.

To achieve this, the building will have an innovative glass and steel framework that will incorporate an electricity generating façade system with self-shade capabilities to reduce heat gain inside the building.

Southern Cross Managing Director Graeme Dunn said he’s pleased Heyday has been granted a contract for this innovative building design.

“Heyday has been associated with many iconic developments in the centre of Sydney over the years and we are now extremely pleased to have been selected to participate in this world-class project,” he stated.

Heyday expects to start work immediately and completion is anticipated towards the end of 2026.

Company shares ended the day 0.68 per cent in the red to close at 73 cents.

SXE by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights: Your most watched and most discussed stocks this week

In this new segment, we dive into the backend of HotCopper to reveal what you've been…
Donald Trump supporter photographed in lead up to 2024 election

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

The Dow Jones finished up +3% on election day; the NASDAQ and S&P weren’t far behind.…
The Market Online Video

ASX Market Close: IT stocks lead bourse higher | November 8, 2024

The market remains buoyant in the wake of Trump’s election in the United States, and the…
Golden sun across a mountain ridge

Flynn Gold reaches milestone exploration target for Golden Ridge

Flynn Gold Ltd has achieved a maiden exploration target for the Trafalgar, Brilliant and Link Zone…