A Walk in Pyrmont – Warehouse Conversion

We love our office space on 100 Harris St. Pyrmont – ask anyone who works in this building and they might just gush what they love about the place at you. Across 29,600 m2, A-grade office over 6 levels, this tasteful, masterpiece warehouse conversion currently hosts commercial tenants such as Domain, and many creative digital and technology companies. 5000+ employers and employees happily called 100 Harris St. Pyrmont, our home away from home.

Largely thanks to the architecture style that draws the essence from the building’s industrial past, this piece of history is preserved with all the modern comforts and high-tech, with refine touches of welcoming and sophisticated furnishing. This workplace truly inspires a collaborative and organic community vibe. Exposed wooden beams, black steel frames and large glass panels create pockets of inspiring spaces for meeting rooms, “on-air” phone booths and offices. This once dilapidated warehouse has now turned a new page in its place in history. So, in celebrating the space we love, here is a story of its humble beginning and journey…..

100 Harris St. Pyrmont

We love our office space on 100 Harris St. Pyrmont – ask anyone who works in this building and they might just gush what they love about the place at you. Across 29,600 m2, A-grade office over 6 levels, this tasteful, masterpiece warehouse conversion currently hosts commercial tenants such as Domain, and many creative digital and technology companies. 5000+ employers and employees happily called 100 Harris St. Pyrmont, our home away from home.

Largely thanks to the architecture style that draws the essence from the building’s industrial past, this piece of history is preserved with all the modern comforts and high-tech, with refine touches of welcoming and sophisticated furnishing. This workplace truly inspires a collaborative and organic community vibe.

Atrium

Exposed wooden beams, black steel frames and large glass panels create pockets of inspiring spaces for meeting rooms, “on-air” phone booths and offices.

This once dilapidated warehouse has now turned a new page in its place in history. So, in celebrating the space we love, here is a story of its humble beginning and journey so far.

A Page In History

Pyrmont 1890

Life in Pyrmont was not always easy. In fact, life was hard and tough for most workers in the quarries, sugar refineries, refuse incinerator……

Property Tycoon: Wakil Couple

The Wakil couple owns more than 15 buildings around Pyrmont, Surrey Hills and Sydney CBD. Who are they? How did they do it?

Charity Donations

What do Susan & Isaac Wakil do with their fortune….?

“We make a living by what we get. We make a life by what we give.”  – Winston S. Churchill

Fun facts & amusing stories , so what do they mean to you?

If you ever wonder about the following questions, contact usl and see how we can help:

  1. Why do people invest?
  2. What are the types of investments, any of those suits me?
  3. Is investing in property the right thing for me?
  4. Why should we regularly take stock of where we are, and check if we are on the trajectory of where we want to be?
  5. How do I grow my investment portfolio to the next level?

Life in Pyrmont was not always easy. In fact, life was hard and tough for most workers in the quarries, sugar refineries, refuse incinerator of the old days. Pyrmont was a heavily polluted industrial suburb in Sydney with a small local population mostly in the low social economic bracket.  Pyrmont underwent boundary changes with nearby suburbs, shaped and reshaped with town planning changes – many buildings and streets come and go, few are left standing to tell the tale.

Our beloved building is one such lucky survivor. The Schute, Bell, Badgery and Lumby Wool Store was constructed in 1910, with additions in 1914, 1926, 1934 and 1941 and is a reasonably intact example of the Federation Warehouse style of architecture. It was used as wool storage from the time of its construction up until the 1970s when it was purchased by City Leasing Pty Ltd.

City Leasing Pty Ltd is owned by the reclusive Wakil family, its office occupied part of the building. From the 1970s to the present, the building is used predominantly for offices. The site was sold to the present owner in 2015 for a reported sum of $90m. Today, the building’s commercial value is estimated in excessive of $300m.

The curious and reclusive Wakil family – well, a couple in their 90s with no kids – also have humble beginnings yet accumulated a large fortune over time. Isaac and Susan came to Australia post-WWII from Iraq and Romania respectively. Both came from war-torn countries and great family tragedies, Isaac and Susan turned their lives around and made their fortune in the Australia garment industry.

They started buying up run-down commercial, mix-use and residential properties around the then undesirable and industrial areas of Pyrmont, CBD and Surrey Hills. The couple have acquired more than 15 buildings over time.

Needless to say, the prices they paid for these buildings are a fraction of what they are worth today…..despite the ups and downs of the property market over the decades.

In recently recent decades, the Wakil couple have retired from public eyes in their retirement, now in their 90s. While Sydney property market sky-rocketed over the recent years, many of the buildings in the Wakil’s portfolio remained unoccupied and dilapidated. This drew some negative public opinion on the elderly Wakil couple – the argument surrounds private ownership vs social responsibility.

The University of Sydney has received a $35 million gift from the Susan and Isaac Wakil Foundation.  In 2015 the Wakils gave an unprecedented $10.8 million to Sydney Nursing School to establish 12 annual nursing scholarships, bringing their total University giving to nearly $46 million.

Susan Wakil Scholarships are available to undergraduate and postgraduate nursing students who are either based in Sydney, are from rural or regional areas of Sydney or are from an Indigenous or Torres Straight Islander background.

A total of up to 12 Susan Wakil Scholarships are offered annually by Sydney Nursing School to support the education of deserving students who demonstrate a high level of ability and potential.

“We make a living by what we get. We make a life by what we give.”  – Winston S. Churchill

Fun facts & amusing stories , so what do they mean to you?

If you ever wonder about the following questions, contact us and see how we can help:

  1. Why do people invest?
  2. What are the types of investments, any of those suits me?
  3. Is investing in property the right thing for me?
  4. Why should we regularly take stock of where we are, and check if we are on the trajectory of where we want to be?
  5. How do I grow my investment portfolio to the next level?

Warehouse Conversion – Pyrmont & Newstead

Weave Australian’s heritage past into today’s urban renewal projects. Compare Pyrmont of Sydney to Newstead of Brisbane. Get yourself a piece of the shepherd’s pie.