Sydney, Australia – AMP Capital Wholesale Office Fund (AWOF) and Dexus Wholesale Property Fund (DWPF) have appointed a contractor to redevelop Sydney’s iconic 33 Alfred Street office building, Sydney’s first skyscraper.

Leading national construction group Built has been appointed construction contractor and joins Johnson Pilton Walker (JPW), the architects who were appointed at the beginning of the project. The renewal of 33 Alfred Street will commence in the first half of 2022 and will be the most comprehensive upgrade of the building since its completion in 1962, 60 years ago today.

AWOF’s Fund Manager, Kit Georgeos said: “We are delighted to be progressing the upgrade of this significant building on behalf of investors in AWOF. It has served as AMP’s head office for 60 years and will now get a new lease on life after it is comprehensively refurbished.

“The refurbishment will restore the status of 33 Alfred Street as one of Sydney’s most iconic buildings, while retaining its important heritage character and significance,” said Ms Georgeos.

DWPF Fund Manager, Michael Sheffield said: “DWPF is pleased to be commencing such a significant project which is generating strong leasing interest, and which is expected to generate significant returns for our investors.”

The upgrade will improve the services and sustainability features of the building, making it one of Sydney’s most sought-after office buildings, while strictly maintaining the heritage, character and conservation values of the building.

The building’s facade will be renewed to bring more natural light in and the full height glass will showcase one of the world’s greatest outlooks over Circular Quay, the Opera House and the Harbour Bridge, yet retain key design elements in the original façade. The lobby will be enhanced with new reception areas, concierge facilities, intuitive wayfinding and high-quality food and beverage retail, that will reflect the character of the overall building.

“The iconic 33 Alfred Street will be re-positioned as a Premium-grade office tower offering some of the best views in Sydney and situated in the CBD’s dress circle,” said Ms Georgeos.

Built CEO and Managing Director, Brett Mason said “We’re proud to be appointed to undertake the redevelopment of one of Sydney’s most important and iconic buildings and will be able to bring all of our experience in refurbishment, heritage and sustainability to this project to ensure 33 Alfred Street retains its status in the Sydney skyline for the next 60+ years.”

Opened in 1962, 33 Alfred Street was the first building in Sydney to break the city’s 150-foot (46-metre) height limit and was Australia’s tallest building at the time at 117 metres.

Part of the upgrade includes direct access between 33 Alfred Street and the newly developed Quay Quarter Sydney precinct. Quay Quarter Sydney, which is also being developed by AWOF and DWPF, is an exciting new precinct in the heart of Circular Quay that spans two city blocks and offers the world-class Quay Quarter Tower, high-end residential and vibrant retail lanes where tenants can meet, shop and socialise.