U60 set to transform Pyrmont’s corporate lifestyle

The Savills Blog

U60 set to transform Pyrmont’s corporate lifestyle

Renamed U60 and redeveloped to be a next-generation office building, 60 Union Street in Pyrmont is set to change the face of Sydney’s growing city-fringe office precinct.   

Located in the widely recognised Pyrmont Bay office precinct, U60 has recently undergone a $30 million refurbishment to enhance and reposition its seven-storey office tower and two-storey terrace, which are now connected by a three-storey glazed atrium.

Originally designed by Rice Daubney and marketed as an “extraordinary” office destination, the new architectural repositioning by Custance Architects incorporates natural materials, abundant greenery and upper-floor water vistas across to the city and Barangaroo.

Savills Office Leasing has been appointed to lease the vacant areas of U60 on behalf of AFIAA Australia, with agents Rob Dickins and Liz Braithwaite seeking tenants to fill about 5,500sq m of refurbished space. 

“U60 is an office building bursting with vibrancy and liveliness, ready to take the business lifestyle to the next level,” Ms Braithwaite said.

“With people spending so much time in the office, landlords have recognised that they have to create a premium workplace for their tenants in order to attract and retain them.”

Mr Dickins said the upgrades to U60 were designed to provide tenants with an “identifiable workplace sanctuary”, with all services available from the one building, including cafes, a retail arcade, courtyard, undercover car park and first-class end-of-trip facilities. A rooftop terrace is under consideration.

“The renovation has cleverly created a journey for tenants, beginning with the striking new exterior façade, leading into the glass atrium that illuminates the spacious lobby, and extending into bright break-out areas and an energetic café,” he said.

“This prominent A Grade office building has outdoor balconies on all floors, upgraded lobbies and bathrooms on all floors and excellent natural light, courtesy of floor-to-ceiling windows.”

Savills Australia has completed the most recent commitment in U60 to Parkview Construction, which was represented by Rowan Humphries from Colliers International.

The company has secured level seven of the office tower from 1 February 2019. Six other tenancies remain vacant across the office tower and terrace building, with rental rates targeting late $700’s net. 

The commercial accommodation is complemented by 2,800sq m of retail space, including a Coles supermarket, Liquorland and numerous other food, beverage and specialty retailers.  

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