BUILT has been appointed to deliver the redevelopment of Sydney’s first skyscraper, 33 Alfred Street for AMP Capital Wholesale Office Fund (AWOF) and Dexus Wholesale Property Fund (DWPF).
The construction contractor will join architects Johnson Pitton Walker (JPW), who were appointed to the renewal project at its inception.
“We are delighted to be progressing the upgrade of this significant building on behalf of investors in AWOF. It has served as AMP’s head office for 60 years and will now get a new lease on life after it is comprehensively refurbished,” said Kit Georgeos, fund manager at AWOF.
This will mark the most extensive upgrades to the building in its 60 year history, having been first established in February of 1962.
“The refurbishment will restore the status of 33 Alfred Street as one of Sydney’s most iconic buildings, while retaining its important heritage character and significance,” added Georgeos.
The works will include upgrades to the building’s services and sustainability features and façade to maximise natural light, as well as extensive additions to the lobby, all while preserving the original character and key design elements of the site.
The lobby will upon completion include new reception areas, concierge facilities, intuitive wayfinding and food and beverage offerings.
Upgrades will also see direct access established between the building and the new Quay Quarter Sydney precinct, which is also being developed by AWOF and DWPF.
“DWPF is pleased to be commencing such a significant project which is generating strong leasing interest, and which is expected to generate significant returns for our investors,” said Michael Sheffield, fund manager of DWPF.
33 Alfred Street, which was once the country’s tallest building and the first to break Sydney’s 46 metre height limited at 117 metres, is set to be repositioned as a premium-grade office tower.
“We’re proud to be appointed to undertake the redevelopment of one of Sydney’s most important and iconic buildings and will be able to bring all of our experience in refurbishment, heritage and sustainability to this project to ensure 33 Alfred Street retains its status in the Sydney skyline for the next 60+ years,” said Brett Mason, CEO and managing director at BUILT.
This latest update on the renewal project comes as AMP Capital rebrands itself as Collimate Capital, after posting $252 million full-year loss.
The renewal project is set to commence in the first half of 2022.
