AMP Capital has commenced construction on its Quay Quarter Tower at 50 Bridge Street. "The 200-metre-high, 50-storey tower comprises five shifting glass volumes stacked upon each other punctuated by atrium space, maximising views out to Sydney Harbour and daylight into the office floors. At the base of the tower is an urban green space and approximately 5,000sq m of lifestyle, services, food and dining retail. Two years ago "AMP Capital agreed to sell its headquarters overlooking Circular Quay to two of its unlisted funds – AMP Capital Diversified Property Fund and AMP Capital Wholesale Office Fund – for at least $430 million. As part of that deal AMP agreed to take up a major new lease in the proposed Quay Quarter Tower. Quay Quarter Tower forms part of the 11,000sq m Quay Quarter Sydney precinct, incorporating the office tower, 33 Alfred Street and the Young and Loftus mixed-use precinct. Early building work has already commenced, and Quay Quarter Tower is expected to be completed in late 2021."