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ATO Spends $73M on New Adelaide Skyscraper | Sydney News

ATO Spends $73M on New Adelaide Skyscraper | Sydney News

Published 1 week, 3 days ago
Description

The ATO is splashing out $73.4 million to relocate its Adelaide operations to a brand-new 38-story skyscraper, Festival Tower Two — just behind Parliament House — despite critics calling the cost extravagant and questioning why they can’t simply upgrade their existing, less-than-15-year-old office. The agency claims the old fit-out is outdated and inefficient, and the new space will save money long-term, even though exact rent figures remain undisclosed. Property experts argue refurbished space would be cheaper, and question the need for premium real estate. The ATO insists the move followed a competitive process and is preparing contingency plans in case the new tower isn’t ready on time.

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