How this property giant is waging war on office waste

Property fund and landlord ISPT is waging war on waste by re-using office furniture and fit-outs as it upgrades its vast portfolio.

This will be the case for its site at 270 Pitt Street, Sydney, where it will invest $170 million to create an A-grade, 25-storey tower with 22,660 square metres of office space while retaining the building’s internal structure and facade. ‘Retrofitting 270 Pitt Street will allow us to unlock the full value of the site, while adding more A-grade commercial floor space to the inner-city office market.’Within 270 Pitt Street, there were 1400 workstations and chairs relocated to Parramatta. The cost was $400 per desk, compared with $1600 for a new desk. The remaining desks will be reused within 270 Pitt Street and other ISPT assets

The partnership’s 2023 annual report, published in April, shows renewable energy now equates to 92 per cent of base building electricity use – a huge jump from 54 per cent a year earlier.

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