130 Pitt Street, Sydney
The design brief for 130 Pitt Street was to re-position the asset in order to attract high calibre tenants. This was achieved by creating a new lobby space with a coffee offering, converting the ground floor retail area into 3 seperate retail tenancies, recladding the first 2 levels of facade and upgrading every office floor to a high standard.
GE Real Estate purchased 130 Pitt Street in November 2005 for $57 m with a 40% vacancy rate. Once the building was fully tenanted it was sold for over $112 M to Investa increasing the asset value by almost 100%.