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Commercial Development and Management

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
Development: Application: late Q4 2020
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 and Property Group manages the State’s significant property portfolio and places.

The Property and 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.


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.

Contact us

For further information email: