Cbus Property’s 83 Pirie street $300 million development has begun in Adelaide’s CBD, with the 20-storey PCA A-Grade office tower is anticipated to serve as new offices for approximately 3,000 city workers.
Designed by Woods Bagot, the 30,645-square-metre office tower will feature an expansive lobby with adjoining cafe and 500-square-metre Wellness Centre.
There will also be a rooftop terrace with a collaboration space for tenants.
Not a bad view from the building.Cbus Property Chief Executive Officer Adrian Pozzo, said the new development, would bolster the company’s diverse investment portfolio, which is currently more than 40 per cent occupied by long-term government tenants.
“We would like to thank the State Government for its endorsement of the development as the anchor tenant,” he said.
“Responding to a future Adelaide workforce with a focus on sustainability, wellness, connection to the public community, nature and productivity, 83 Pirie Street is an incredibly exciting project that will optimise the site’s potential and create a new landmark for the city, as well as reinvigorate the city’s office precinct.”
Minister for Infrastructure and Transport, Corey Wingard, said the new building will consolidate department staff into one location, creating savings for the taxpayer.
“When DIT moves in, the Department will be the anchor tenant and will occupy around 18,500m2, which will reduce the department’s footprint and deliver savings of more than $56 million over the lease term,” Minister Wingard said
.“Not only will this project support thousands of jobs during construction, but it will also save taxpayers tens of millions of dollars over ten years from 2023.
“This project supports the South Australian construction industry as the Marshall Liberal Government continues its record $16.7 billion spend on infrastructure around the state.”
In line with Cbus Property’s ambitious goal to achieve net zero carbon across its portfolio by 2030, 83 Pirie is targeting 5.5 Star NABERS Energy and 4 Star NABERS Waste ratings, as well as a 6 Star Green Star Base Building rating. The cutting-edge design is also planned to achieve Gold WELL certification.