Approval given to $156m redevelopment of a heritage-listed building in Sydney

Monica Gameng   |   December 6, 2017

The City of Sydney has given AMP Capital approval to redevelop the heritage-listed 33 Alfred Street office tower in Circular Quay. Refurbishment works are expected to cost more than $156 million.

33 Alfred Street was built in 1962 and it is known as the country’s first skyscraper. Redevelopment works on the iconic office tower will include refreshing the façade, modernising its services and interiors – while still maintaining its heritage characteristics – as well as reinstating the building’s lost features. Street-level frontages will also be given an increased activation.

“We are delighted to have received approval for the redevelopment of 33 Alfred Street from the City of Sydney, who we have consulted with on this project for more than two years. After 55 years, it’s time to upgrade the building and give it new life for many more decades of service.

“This work will make 33 Alfred Street one of Sydney’s most highly sought-after, premium-grade office buildings. However, it will still be recognisable as one of the most loved and distinctive buildings at Circular Quay, the gateway to Sydney. We are committed to sensitively and sustainably renewing 33 Alfred Street for the benefit of its investors, future tenants and the local community,” AMP Capital Real Estate Chief Operating Officer Louise Mason said.

Refurbishment works are expected to commence in 2021.

What do you think of this refurbishment project on 33 Alfred Street? Let us know in the comment section below.

Don’t forget to subscribe to the PlantMiner newsletter today to receive the latest industry news and project updates straight to your inbox.

Source: The Urban Developer and AMP Capital

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Sydney IMAX to be demolished in $700m redevelopment

The $700m Darling Harbour development, The Ribbon, will see Sydney's iconic IMAX theatre demolished and replaced by a luxury hotel, serviced apartments and a revamped IMAX ­cinema. 

News, Projects
$200m Cross Street redevelopment awarded in Sydney

After shortlisting three high quality proposals, the consortium to develop the $200 million mixed-use property at the Double Bay car park on Cross Street in Sydney has been announced. The Woollahra Council has chosen property developer Axiom Properties Limited, Built and Palace Cinemas to work on this redevelopment project.

$450m Northbank Goods Shed redevelopment in VIC given the green light

Victoria’s Northbank Goods Shed precinct beside the Yarra River is set to be revitalised with property developer Riverlee given the approval to proceed with its $450 million ‘Seafarers Place’ development.

Get the latest project news

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders

Complete the form to get started