1 Bligh Street, Sydney

Overview

1 Bligh Street, Sydney is a Premium grade CBD office tower completed in July 2011 combining leading edge design, innovation, technology and sustainability features, representing the next generation of high rise office space in Australia. Spanning 29 levels including a mid-level external terrace/wintergarden, 1 Bligh Street has achieved a 6 Star Green Star design rating and 5.5-star NABERS Energy rating. The building incorporates black water projects, onsite energy generation, high indoor environment quality and an innovative double skin glass facade, the first of its kind in an Australian high rise building.

Asset Information

  • Asset typePremium Grade - office
  • Year built2011
  • Asset locationSydney CBD
  • Site area (hectares)0.3
  • Lettable area ('000sqm)42.17
  • Lettable area adjusted for ownership ('000sqm)15.48
  • Typical floor area (sqm)1600
  • Car parking spaces97
  • OwnerDXS
  • Ownership (%)37
  • Co-ownerDWPF, MDAP
  • Major tenantClayton Utz
  • Acquisition dateAugust 2000
  • Book value at ownership ($m)369.6
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)369.6
  • Market cap rate (%)5.50
  • 12 month rolling yield (%)6.26
  • Leased by area (%)96
  • Weighted lease term by income (years)4.8

  • NABERS Energy rating (with Green Power)5.0
  • NABERS Energy rating (without Green Power)5.0
  • NABERS Indoor Environment6.0
  • NABERS Waste3.5
  • NABERS Water rating4.5
  • Green Star rating6.0 Star (Office As Built v2) 5.0 Star (Performance v1.2)
2014 - National Energy Globe Award Australia
1 Bligh Street, Sydney awarded National Energy Glove Award Australia 2014
2013 - Sustainable Development Award
1 Bligh Street, Sydney awarded 2013 Urban Taskforce Development Excellence Awards Sustainable Development Award
2013 - Landscape Architecture Award
1 Bligh Street, Sydney awarded the Landscape Architecture Award
2013 - Milo Dunphy Award, Sir Arthur G Stephenson Award, and the Urban Design Architecture Award
1 Bligh Street, Sydney awarded Milo Dunphy Award - Sustainable Architecture, Sir Arthur G Stephenson Award - Commercial Architecture and Urban Design - Architecture Award
2012 - Design & Innovation
1 Bligh Street, Sydney awarded for Design & Innovation at the UDIA NSW Awards for Excellence 2012
2012 - The International High-rise award
1 Bligh Street, Sydney awarded The International High-rise Award, recognised as the world's most innovative high-rise building.
2012 - Most outstanding new tall building in Asia and Australasia
1 Bligh Street, Sydney awarded most outstanding new building in Asia and Australasia
2012 - AIB Commercial Construction Category > $100m Award
1 Bligh Street, Sydney awarded AIB Commercial Construction Category >$100m Award
2012 - Harry Seidler Award - Commercial Architecture and Sustainable Architecture Award
1 Bligh Street, Sydney awarded the Harry Seidler Award - Commercial Architecture and Sustainable Architecture Award
2011 - UDIA NSW Austral Bricks Awards: Best Retail / Commercial Development
1 Bligh Street, Sydney awarded UDIA NSW Austral Bricks Awards: Best Retail / Commercial Development
2011 - API NSW Excellence in Property Awards: Best Commercial Development
1 Bligh Street, Sydney awarded API NSW Excellence in Property Awards: Best Commercial Development
2011 - Highly Commended - Office Architecture and Office Development
1 Bligh Street, Sydney awarded Highly Commended - Office Architecture and Office Development
2010 - MBA Excellence in Construction Site safety >$50m
1 Bligh Street, Sydney awarded MBA Excellence in Construction Site safety >$50m
2008 - Best International Office Architecture
1 Bligh Street, Sydney awarded the Best international Office Architecture
2008 - Chicago Athenaeum International Architecture Award
1 Bligh Street, Sydney awarded Chicago Athenaeum International Architecture Award
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