Australia’s largest capital city will host the biggest technology hub in Australia, Tech Central, with home-grown tech giant Atlassian locked in as an anchor tenant.

The NSW Government has announced it is pumping in $48.2m to bring Tech Central to life.

“We have some brilliant tech innovators and entrepreneurs in our state and Tech Central will help us retain local talent and attract some of the brightest minds in the world,” said NSW Premier Gladys Berejiklian.

“This will be more important than ever as we recover from the pandemic.”

The precinct – which will stretch from Central Station to Camperdown – will feature 250,000 square metres of office space and will become home to startups, scaleups and “innovation ecosystem partners”.

At the core of this development is a stunning and an environmentally-friendly building on the doorstep of Sydney’s Central station.

“Sydney has the potential to be one of the world’s leading technology cities and the creation of a tech precinct sends a loud signal that we’re in the race to take a slice of the world’s most valuable market,” said Atlassian co-CEO Scott Farquhar.

“That’s why we’re building this precinct. We want to create jobs, ideas and innovation. This will be home to thousands of workers and the best new ideas.

“If you want to work in tech - this is the place you will want to be.”

Atlassian is currently housed in a historic George St building near Wynyard Station.

The new digs are expected to take at least 4 years to build.