ispt 135 million redevelopment of 477 pitt st
Image: Supplied.
  • The office is located close to Central Station, Sydney.
  • Includes landscaping by Yerrabingin.
  • It will be home to Sydney’s first government supported scale-up hub.

The 477 Pitt Street office redevelopment in Sydney has been completed, with industry superannuation fund-backed property investor, ISPT, repositioning the precinct as a next-generation, A Grade asset.

ISPT has held the property in its office portfolio since 1999, and commenced transformation of 477 Pitt Street in 2022. The redevelopment included upgrades to the lobby entry, a rejuvenated façade treatment (façade completion expected in 2025), well-being facility, Flex by ISPT offering executive meeting rooms, team working and collaboration and event spaces, plus the addition of a new rooftop terrace overlooking Belmore Park.

The company also engaged First Nations landscapers, Yerrabingin, to create a considered landscaping theme that draws a connection to the land on which the office sits.

Tenant commitments

Several tenants have recently committed or recommitted to office space, including Wardle (formally John Wardles Architects), legal firm Moray & Agnew, fintech firm Hnry, and Canadian manufacturing company BRP.

477 on Pitt Street will also be home to Sydney’s first government supported scale-up hub, operated by Stone & Chalk, taking the building’s tenant commitments to over 70%.

Stone & Chalk’s tenancy is a significant six-level, 8,000 sqm hub for tech scale-ups; the hub represents a joint initiative by Investment NSW, providing subsidised office and collaboration space as part of the government’s commitment to delivering 25,000 sqm of affordable space for startups, scale-ups and other innovation-driven businesses in the Tech Central district.

Tradition meets tech

The revitalised precinct encompasses three heritage buildings – the original 1922 Australian Gaslight Co (AGL) showroom, a historic Presbyterian house, and Sydney’s first-ever fire station, incorporated into the modern public ground floor plane and office tower.

The original AGL building has been reimagined into a collaborative work and events space, called Collider.

Available to tenant partners and the wider public alike, Collider invites visitors to interact with a rich piece of Sydney’s history, providing a flexible and inspiring setting for private events, gala dinners, conferences, and presentations for up to 250 people; its art deco design paying homage to the domed room’s 19th century origins.

The ground floor also plays host to a huge 19-metre-long, hand-crafted collaborative table and 12-metre-wide digital LED display, taking pride of place in the centre of the lobby, and will be used to showcase a commissioned digital art piece from artist Jacob Nash.

“Far from a traditional workplace, the new 477 is a dynamic, next-generation space where flexible floorplates and premium, collaborative amenities have been designed to suit the needs of pioneering companies looking to scale, while also granting them access to vibrant professional networks and a buzzing atmosphere that brings ideas to life,” said ISPT head of portfolio – office, Nicole Ward.

“477 sits at the anchor point to Tech Central and is one of the first of these next-generation assets to reach completion within the precinct, allowing companies to establish themselves in one of the most innovative and progressive tech precincts in the world. We are proud to be leading this charge and playing such a key role within this $3 billion precinct.

“This redevelopment of 477 reinforces ISPT’s commitment to creating places that inspire people to reach their full potential, adding value and diversity to the ways that people work, think and connect.”

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