Inside $30m CBD office tower upgrade
A property developer has completed a $30 million refurbishment of a King William St office tower, complete with a new foyer and end-of-trip facilities. See the photos.
Quintessential acquired 100 King William Street three years ago for $71.5 million, and last week unveiled the refurbishment of the 18,000 sqm tower.
Regeneration works on the building – which housed a Commonwealth Bank branch on the ground floor – started in 2022.
The building is now officially open to new tenants, who will join energy giant AGL – which has taken up a 10-year lease as the anchor tenant of the building – and DW Tucker Fox.
Commonwealth Bank also previously committed to a 10-year lease for its branch on the ground floor, which has also been refurbished.
The $30 million upgrades to 100 King William Street include a façade refurbishment, an upgrade of the ground-floor foyer and new end-of-trip facilities.
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The developer also says it is working with a “top-tier” food and beverage operator to set up in the building’s ground floor.
The refurbished foyer at 100 King William Street. Photo: Supplied.
Quintessential executive director Shane Quinn said he was proud of his company’s work in South Australia.
The company recently unveiled two new warehouses at the Port Adelaide Distribution Centre, featuring offices and state-of-the-art amenities. Quintessential’s other South Australian properties include 30 Pirie Street and 431 King William Street.
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“The completion of the 100 King William Street works epitomises our commitment to South Australia, our ability to deliver high-quality results and attract top-tier tenants in a competitive office market,” Quinn said.
“The refurbishment breathes new life into an iconic building and location within the heart of the CBD and is a testament to our ESG commitment to leaving places better than we found them.”
The refurbishment of the tower included new meeting spaces. Photo: Supplied.
Chief operating officer Noah Warren said the ‘flight to quality’ trend in the Adelaide CBD office market would drive tenants to 100 King William Street and get workers back into the office.
“The property hadn’t been refurbished for decades, and we understood what was required to make 100 King William Street an attractive, market leading office space that will attract major occupiers and bring people back into the CBD again,” Warren said.
“The works have created a significantly enhanced environment for tenants, which we know is hugely important for staff retention and teams returning to the office.”
Quintessential hopes its refurbishment will encourage workers to return to the office. Photo: Supplied.
The company is currently regenerating 30 Pirie Street, which is expected to launch to market in February 2025.
