175 Pitt Street is a superior office building that delivers sustainable design and sought after amenities.

The building offers 22 levels of A-Grade office space with 1,050 square metres typical floor area, views to Sydney Harbour Bridge and Sydney Tower from the upper levels, high-end ground and lower ground retail including luxury brands, financial institutions and a gym, as well as basement parking for 52 cars.

A substantial building upgrade, completed in 2010, helped 175 Pitt achieve a 5.5 Star NABERS Energy rating, with sustainable initiatives including monthly water and electricity monitoring, recycling programs and sensor lighting in common areas. The building also has a 4 Star Green Star rating.

The building’s amenities help encourage an active workforce, with premium end-of-trip facilities including showers, secure bike parking, a towel service and lockers.

175 Pitt Street’s central location, with frontages to Pitt and King Streets, means the building is close to Sydney’s major retail and dining precincts as well as major train and bus transport routes.

- Views to Sydney Harbour and the CBD

- Superior end-of-trip facilities

- Sustainable building practices

  • NABERS Energy
    5.5 Star Energy Rating
  • NABERS Water
    4 Star Water Rating
  • Green Star
    4 Green Star Rating

Property Details

Building type
A Grade - office
Title
Freehold
Site area (hectares)
0.2
Lettable area ('000sqm)
25.8
Lettable area adjusted for ownership ('000sqm)
12.9
Typical floor area (sqm)
1,050
Number of buildings
1
Car parking spaces
52
NABERS Energy rating (with Green Power)
5.5
NABERS Energy rating (without Green Power)
5.0
NABERS Water rating
4.0
Green star rating
4.0 Star (Office Design v2)
Year built
1975
Major tenant
Tiffany & Co Australia
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 ($m)
254.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
254.0
Market cap rate (%)
4.92
Initial yield (%)
3.91
Leased by area (%)
95
Weighted lease term by income (years)
4.9