56 Pitt Street is a sustainable office tower that occupies a significant site in Sydney’s past. Built on land that originally housed the Sydney stock and wool exchange 150 years ago, this contemporary building proudly features the Lady of Commerce Statue that dates back to 1889.

56 Pitt offers 26 levels of B-Grade office space with 800 square metres typical floor areas typified by natural light and with views across the CBD and Sydney Harbour. The workspaces are complemented by ground floor retail offerings and basement parking for 64 cars.

Sustainability is a key factor at 56 Pitt Street, with the building achieving a 5-Star NABERS Energy rating marked by significant reductions in electricity and water usage.

The building is conveniently located close to both bus and train public transport options, including Wynyard and Circular Quay stations.

- Sustainability focus

- Views of the CBD and Sydney Harbour

- Convenient access to public transport

  • NABERS Energy
    5 Star Energy Rating
  • NABERS Water
    4 Star Water Rating

Property Details

Building type
B Grade - office
Title
Freehold
Site area (hectares)
0.2
Lettable area ('000sqm)
20.1
Lettable area adjusted for ownership ('000sqm)
10.1
Typical floor area (sqm)
800
Number of buildings
1
Car parking spaces
64
NABERS Energy rating (with Green Power)
5.0
NABERS Energy rating (without Green Power)
5.0
NABERS Water rating
4.0
Year built
1967
Major tenant
National E-health Transition
Owner
DXS
Ownership (%)
50
Co-owner
Dexus Office Partner

Property Statistics

Metro area
Sydney CBD
Zoning
B8 Metropolitan Centre
Acquisition date
April 2014
Book value at ownership ($m)
123.5
Independent valuation date
December 2016
Independent valuation at ownership ($m)
122.5
Market cap rate (%)
5.75
Initial yield (%)
5.85
Leased by area (%)
98
Weighted lease term by income (years)
2.5