SKYSCRAPERS || Australia’s best makes global top 5

Urban renewal has become a buzz phrase recently as cities globally take underused areas of land to make way for new uses.

If done correctly it can provide a platform for new ideas and infrastructure like in Sydney’s western CBD fringe where one of its newest landmarks, One Central Park East Tower, has been honoured as one of the world’s best.

SBS business reporter, Ricardo Goncalves explains.