Adelaide CBD’s $300 million office space. Image: Multiplex
  • A $300 million office space is to be added to Adelaide's CBD
  • It was announced today that Cbus Property has appointed Multiplex to deliver the project
  • The completion date has been estimated as late 2022

Progress is being made in plans for Cbus Property’s $300 million office development in Adelaide’s CBD.  It was announced today that construction Company Multiplex has been appointed to deliver the project at 83 Pirie Street.

The 21-level building, designed by architects from Woods Bagot, will offer over 330,000 square metres of commercial office space. On-site parking will be available accommodating around 110 cars.

Features of the tower will include a wellness centre, able to offer yoga, fitness services, conferences and events. A rooftop terrace with panoramic views of the city will allow tenants access to fresh air and outdoor collaborative space.

“We would like to thank the State Government for its endorsement of the development as the anchor tenant. Responding to a future Adelaide workforce with a focus on sustainability, wellness, connection to the public community, nature and productivity, 83 Pirie 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.”

Cbus Property’s Chief Executive Officer, Adrian Pozzo

With a focus on sustainability, the project is aiming for a 5.5 star in NABERS Energy and 4-star NABERS Water rating.

“We are thrilled to be appointed by Cbus Property to this premium commercial office project. Adelaide continues to be a critical market for us and we are pleased to have invested in
significant resources on the ground to deliver this project.”

Graham Cottam, Regional Managing Director of Multiplex Victoria and South Australia

“83 Pirie adds to our long-standing presence in South Australia, having delivered $500
million worth of projects in the region over the past 30 years and developed long-standing relationships with the community and local supply chain.”

Construction for the project has already commenced with late 2022 marked for completion.




You May Also Like

Growing market: childcare facilities investment developing

Recent changes to Child Care Package subsidies, as well as govt support of childcare as an essential service, will be another growth driver.

West Perth’s CBD leading the move towards growing employment nodes

Markets which were not hampered with the same level of lockdown, such as Brisbane and Perth CBDs, have improved their occupancy.

WA Government to boost development with $80M fund and DAP delay cap

Premier McGowan announced 120-day state govt DAP caps and opt-ins for local govt, $80M in infrastructure funding, and green light for smaller multi-dwelling developments of $2M.

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.