Sydney's Chifley Tower top floor will go from restaurant to offices
The top-floor restaurant at Chifley Tower is no more. Photo: Louise Kennerley

Sydney's Chifley Tower top floor will go from restaurant to offices

The former home of French fine dining restaurant Forty One at the premium Sydney office building and Alan Bond legacy, Chifley Tower will be leased as offices.

While the property houses financial tenants such as UBS, Morgan Stanley, BlackRock and BT Group, marketing agent Colliers International’s Dean Bracken said the next round of interest would come from tech groups and telcos especially since newly listed global tech company Snapchat recently leased a whole floor in the building.

“Over the past 12-18 months we’ve seen a definite trend of smaller, boutique organisations showing interest in the building, but the larger organisations such as UBS who have both renewed still see Chifley Tower as a great home,” Mr Bracken said.

The recent refurbishment of the building’s retail space would appeal to a diverse range of tenants outside of financial services, Colliers International’s Jock Gilchrist said.

The 42nd floor, once a staple diner for dealmakers such as Babcock & Brown which had its headquarters in the tower before the company failed, is on the market for the first time in over five years and will offer views of the Sydney Harbour and the Opera House.

Recent leases and renewals at the building also show tenants are leasing smaller spaces as office usage evolves.

“The changing nature of today’s workforce, with more people consulting and working in smaller, collaborative units means the needs of today’s office occupier is significantly different from those 20 years ago,” Colliers International’s Jock Gilchrist said.

“We have a range of occupiers, from those who have taken on several floors, to those who have a suite of 150sq m and everything in between.”

The 25-year-old building, commissioned by Alan Bond in the late 1980s, is owned by Singapore’s sovereign wealth fund, GIC. Ten new tenants have signed up for 3700sq m in the building in the past 18 months.

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