Level 4, 122 Pitt Street Sydney NSW 2000 - PH: +61 2 8233 5600 - FAX: +61 2 8233 5601 - dcinfo@davenport-campbell.com.au
Davenport Campbell
Architecture | Design | Planning | Management
130 Pitt Street, Sydney
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130 Pitt Street, Sydney
Scope
Building Refurbishment
Completion
2008
Project Description
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.
Benefits
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%.
