33 Alfred Street reaches major leasing milestone - Dexus

Contact

Jan 9, 2025

33 Alfred Street reaches major leasing milestone - Dexus

Three new customers have been secured at 33 Alfred Street, Sydney, bringing leasing commitments to 85% ahead of the expected development completion in mid-2025.

Dexus

33 Alfred Street, Circular Quay leased
Dexus

33 Alfred Street, Circular Quay leased
Dexus

33 Alfred Street, Circular Quay leased

Three new customers have been secured at 33 Alfred Street, Sydney, bringing leasing commitments to 85% ahead of the expected development completion in mid-2025.

33 Alfred Street is co-owned by Dexus Wholesale Property Fund (DWPF) and Mirvac Wholesale Office Fund (MWOF). Dexus is the development and leasing manager.

Allens, a Sydney-based international commercial law firm with offices throughout Australia and Asia, will occupy circa 11,000 square metres across 9 floors, including the iconic level 26 top deck with 360-degree views across Sydney Harbour.

Pinsent Masons, a leading international law firm, will occupy circa 2,600 square metres of workspace across two levels, expanding their current workspace by 1,850 square metres. A global asset manager will also move into the tower, expanding their space by 800 square metres to occupy approximately 2,500 square metres in the building.

Hamish Stuart, Head of Leasing, Office at Dexus said “This is an exciting milestone for 33 Alfred Street, which is achieving strong leasing momentum ahead of development completion. The future-focused workplace is attracting high calibre customers who are looking to be co-located in a dynamic professional environment in a prime CBD location.”

Sadie Andrew, Partner and Head of Sydney, Pinsent Masons said: “The significant growth of our Sydney office has required us to find a new office space that can accommodate our growing workforce and offers the technology and level of amenities that are crucial to the efficient operation of a modern, international corporate law firm. We are incredibly excited to be moving into 33 Alfred Street.”

Brad Collier, Fund Manager DWPF said: “Sydney’s first skyscraper is an iconic office building that will have a new lease on life when it opens next year. It is a fantastic asset to have as part of the Fund and the strong leasing outcomes achieved by the Dexus team demonstrate the strength of the market for the right asset, in the right location.”

Kit Georgeos, Fund Manager MWOF said: “We are delighted to see that 33 Alfred St has been so well received by tenants and has achieved this level of commitment six months ahead of completion. The project illustrates our commitment to exceptional quality assets with a focus on sustainable design and long-term investment performance.”

The addition of Allens and Pinsent Masons adds to the already strong professional services presence committed to 33 Alfred Street including A&O Shearman (previously Allen & Overy), Maddocks, and Lander & Rodgers.

Built in 1962, 33 Alfred Street sits in the heart of Sydney’s financial district, offering some of the city’s best views. This iconic building is being transformed into a premium office tower, spanning around 31,000 square meters. While its heritage charm is being preserved, the floors, façade, and building services are getting a modern upgrade.

33 Alfred Street fully retains its existing structure to extend the life of the building and minimise material waste. It will be a carbon neutral building for operations against scope 1 and 2 emissions and is targeting 5.5-Star NABERS Energy and 6-Star Green Star Office As Built v3 ratings.

Once completed, 33 Alfred Street will be the final piece of Quay Quarter Sydney, offering tenants access to world-class amenities at the award-winning Quay Quarter Tower and Quay Quarter Lanes.