Barangaroo may be the poster-child of Sydney’s rejuvenation, but another contender is set to hog the development limelight as AMP Capital begins work on a 50-storey glass skyscraper, part of a $2.7 billion renewal project next to Circular Quay.

The investment fund manager has kicked off development of its Quay Quarter tower at 50 Bridge Street, a landmark 50-storey tower designed by Danish architects 3XN.

The 200-metre-tall skyscraper will be constructed around five “shifting glass volumes” stacked on top of each other, punctuated by atrium space with views over Sydney Harbour.

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