- The office building is being delivered by Cbus Property with designs by Woods Bagot
- Expected to create 2,000 jobs during construction
- 30,645 sqm office tower will accommodate approx. 3,000 workers
Major works on the new 20-storey office block at 83 Pirie Street have begun, with a Welcome to Country and smoking ceremony that paid respects to Kaurna people – the traditional custodians of the site’s land – yesterday.
The 30,645sqm office tower will cost $300 million and is expected to be completed before 2023 with approximately 2,000 jobs set to be created during the construction phase.
Cbus Property will be delivering the building with designs by globally renowned architecture firm Woods Bagot – who coincidentally was founded in Adelaide.
The tower will feature 1,768sqm floor plates, a 500sqm wellness centre, an expansive lobby and an adjoining café.
Additionally, there will be a rooftop tower – which the State Government says is a unique point of difference compared to other Adelaide CBD towers.
Rather fittingly, the Department for Infrastructure and Transport will be the anchor tenant upon completion with the Department occupying around 18,500sqm.
Corey Wingard, the Minister for Infrastructure and Transport, said department staff will be consolidated into the building which subsequently reduces their footprint – thus creating savings for the South Australian taxpayer, estimated to be over $56 million over the life of the ten-year lease.
“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,” said Minister Wingard
“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.”
Adrian Pozzo, Cbus Property’s CEO, said the new development bolsters the company’s diverse investment portfolio – 40% of which is occupied by long-term government tenants.
“We would like to thank the State Government for its endorsement of the development as the anchor tenant,” said Mr Pozzo.
“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.”
