ISPT achieves practical completion for the transformation of 270 Pitt Street, Sydney

The A-Grade asset is the third office refurbishment by the leading fund manager

 Leading fund manager ISPT has now completed its revitalisation of 270 Pitt Street Sydney, transforming the building into an A-Grade office tower with 22,660sqm of office space, a redesigned ground floor entry experience and connectivity to essential amenities.

As part of the refurbishment, sustainability was a core focus with ISPT rehoming 1,400 workstations, and recycling 20,000sqm of floor tiles and 10,000sqm of ceiling tiles.

The building was re-designed by COX Architecture, who led the internal re-design, interiors and architecture, alongside construction partner Built, development manager Logic Projects, and Eastview as the project manager.

Demonstrating a commitment to flexibility and excellence in workplace design, Geyer Architects delivered almost 5000sqm across five floors of bespoke, turnkey fitouts, ready for immediate occupation and tailored to suit a diverse range of tenants – spanning from boutique suites to expansive full floors and an interconnected dual floor village.

Commencing works in April 2024, ISPT’s refurbishment of 270 Pitt Street followed in the footsteps of 477 Pitt Street, Sydney and 500 Bourke Street, Melbourne, which saved upwards of 57,000 tonnes of embodied carbon.  The refurbishment of both 477 Pitt and 500 Bourke Streets resonated strongly with the occupier market, with 500 Bourke Street achieving strong leasing commitments both prior to, and post, practical completion with over 40,000sqm leased across a number of different industries, including from the financial, insurance and legal sectors. 477 Pitt Street was also very well received within the market, with Stone & Chalk, on behalf of Property NSW, leasing over 8,000sqm.

Acquired by ISPT in 2001, 270 Pitt was previously fully leased to the Department of Defence before the fund manager made the decision to refurbish and retrofit it using its existing structure.

The project benefits from connectivity to the new Sydney Metro station and proximity to the upcoming Town Hall Green, as well as end-of-trip facilities on the ground level, wellness facilities, and integrated ground floor food & beverage outlet.

270 Pitt Street has a 5-Star Green Star rating, 5.5 Star NABERS Energy Commitment Agreement, 4.0 Star NABERS Water and will be fully electric and net zero in operation.

Quotes attributable to Nicole Ward, Head of Portfolio (Office) at ISPT

“270 Pitt represents the third major retrofit we’ve undertaken recently across our portfolio – allowing us to deliver another quality office precinct to the market. The ability to retrofit buildings allows us to bring them to life once again, whilst delivering spaces which support the evolution of what the workplace is now expected to deliver.  We know our existing and new tenant partners are seeking fresh workspaces which encourage wellness, promote collaboration and generate and build a sense of community, whilst supporting new ways of working from different spaces within the building.

“We’d also like to acknowledge our project partners COX Architecture, Logic Projects, Eastview and Built, who worked closely with us to deliver a market-leading asset that is sustainable, architecturally designed and amenity-rich,” Ward said.

Quotes attributable to Brooke Lloyd, Director and Interiors Lead at COX Architecture

“At COX, we see workplace design as a catalyst for connection, wellbeing and performance – and that belief sits at the heart of the transformation at 270 Pitt Street.”

“This project is about revealing potential, not only in the building itself, but also in how people will move through it. By peeling back the layers and celebrating the original structure, we’ve created spaces that are grounded, generous and flexible to diverse needs; supporting everything from quiet focus to shared collaboration.”

“We also considered the building’s role within the broader Town Hall precinct; a place rich in history yet poised for change. The new façade engages in careful dialogue with the adjacent heritage Uniting Church, and the broader design is mindful of its place within the upcoming Town Hall Green, a major new public square which 270 Pitt Street will benefit from once complete.”

“For us, reusing what already exists is a creative opportunity that supports our broader mission to do more with less. By working with the original structure and materials, we reduce waste, extend the life of the building, and create sustainable, character-rich spaces.”

For further information please contact:

Nicole Grove
General Manager, Communications
E: ngrove@ispt.com.au
M: 0427 916 166