A NSW Government website

Commercial Development

231 Elizabeth Street Sydney Workplace

Elizabeth St

Project facts

Project area and levels

  • 21,600m² in total to accommodate about 1900 public sector workers.
  • Dedicated whole-of government touchdown space.

Location

Sydney CBD

Local government area

City of Sydney

Zoning

B8 - Metropolitan Centre

Benefits

$58 million in cost savings over 20 years

Delivery timing

Practical completion achieved in mid-2020, with touchdown space to be operational by end-September 2020.

Housing and Property Group

The Housing & Property Group manages the State’s significant property portfolio and places.

The Property & Development NSW (PDNSW) team is responsible for the management and delivery of large scale or complex real estate projects and transactions.

What has been delivered?

PDNSW sought a long-term government office accommodation lease within the Southern Sydney CBD for a number of tenant agencies, as well as a dedicated whole-of-government touchdown space.

231 Elizabeth Street has had a major base building refurbishment to deliver a modern and flexible workplace to suit the occupant agencies' operational requirements for years to come.

Project objectives

Key objectives of the project include:

  • delivery of a modern, efficient, flexible and sustainable A-grade office workplace
  • government workplace consolidation
  • ability to adapt to machinery of government changes
  • contributes to the NSW Government’s Decade of Decentralisation policy.

Current status

The project is complete. However, given the current COVID-19 environment, staff are yet to fully occupy the building.

Innovation

231 Elizabeth Street delivers a state-of-the-art, dynamic, technology-enabled and flexible workplace that will inspire employees to deliver high-quality service for the people of New South Wales.

Floor plates are large, with interconnecting stairs creating vertical villages.

Non-financial benefits

  • Improved building quality
  • Security of a long-term occupancy tenure
  • Environmental performance enhanced (a minimum of 5.5 Star NABERS Energy and 4 Star NABERS Water ratings)
  • Flexible touchdown space within the Sydney CBD
  • Promotion of flexible work practices

Financial benefits

  • Occupancy costs stabilised through securing a long-term tenure
  • Workplace churn costs reduced by providing greater flexibility that will ensure an efficient use of space over the long-term.
  • More efficient office footprint (20.6 per cent reduction) by consolidating seven existing locations into one
  • Greater facility management efficiencies
  • Supports key Government objectives, including Decade of Decentralisation and Office Accommodation policies; space utilisation targets; and office fit-out design principles.

Working together

Agencies are working together with PDNSW to deliver this project and achieve cost and ongoing operational efficiencies.

For further information, please contact us at
PDNSW_Projects@property.nsw.gov.au