OFFICE

55 PITT STREET

55 Pitt Street, Sydney, NSW 2000

With frontages to Pitt, Underwood and Dalley Streets, 55 Pitt Street is a development site that has the potential to deliver approximately 63,000 square metres of premium commercial and activated retail space as part of a vibrant new destination that will contribute towards the revitalisation of the iconic Circular Quay precinct. Following a successful public exhibition of the Planning Proposal and Voluntary Planning Agreement (VPA), City of Sydney provided consent for Mirvac to commence a design excellence competition in November 2020. The design excellence competition resulted in the appointment of Shop and Woods Bagot to design the precinct in February 2021. A demolition DA was approved in October 2021 enabling demolition to commence on site in November 2021. A stage 2 DA has been lodged with the City of Sydney Council and is currently under assessment. Note: Image is an artist impression only.

Ownership
100%

Summary information

Acquisition/Agreement Date May-13
Valuation at 30-JUN-22 $230.9m
Expected Development Value On Completion >1.8bn
Target Completion FY27
Expected Development Value On Completion: Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market demand and COVID-19 uncertainties.

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.