Investa announced that construction has started on the development of Barrack Place at 151 Clarence Street, Sydney making way for a new, next generation A-grade workplace. The 18 storey, ~22,000 sqm building is designed to achieve a 5-star Green Star and a 5-star NABERS Energy rating.
Demolition for the existing ~16,000 sqm B-grade building commenced in March following the appointment of Built as Main Works Contractor (“Contractor”) overseeing the demolition, excavation and construction of the office development.
An extensive tender process began with an Expression of Interest in October 2015, and resulted in a shortlist of four contractors. Each party was then issued with a Request for Information document and a rigorous evaluation process followed by a panel comprising client and project manager representatives.
Shen Chiu, Senior Development Manager, Investa said: “We are very pleased to announce Built as our Contractor and partner for the delivery of the Barrack Place office development due for completion in the third quarter of 2018.
There was significant interest in tendering for Barrack Place and Built fought off strong competition to win the tender, with demonstrated success across client responsiveness, quality, safety and certainty of delivery. Built also have a solid reputation in the industry across both construction and fitout works, an important aspect for a development with pre-committed tenant, Arup, looking at the efficiencies provided by an integrated fitout.”
Built’s track record as an experienced first class contractor will see the building’s design, by Architectus, translate to a striking new building for the city skyline and lend itself to the revitalisation occurring in this traditional ‘warehouse’ district of the CBD.
Brett Mason, Managing Director, Built, said: “We are excited to once again be partnering with Investa Office to deliver Barrack Place. Built will utilise next generation technology including 6D Building Information Modelling (BIM) during construction of this next generation building. This office development is well-aligned with our proven experience in delivering high quality CBD projects.”
Barrack Place is owned by Investa Office Fund and strategically located in the heart of the Sydney CBD and links the traditional core with the western corridor. Just one minute walk from Martin Place, it will provide a new inner-city precinct to work, meet, entertain or relax in.
Mark Tait, Head of Commercial Developments, Investa added: “Barrack Place is one of the most compelling new office space propositions in the market today. With its gateway location, integrated ground plane design and leading environmental credentials, the appointment of a firm of Built’s calibre further underpins the building’s status as a quality workplace of the future.”
In addition to Barrack Place, Investa are currently managing end-to-end commercial office development projects 60 Martin Place and 33 Bligh Street in Sydney, and have a strong track record evidenced by development projects such as Coca-Cola Place in North Sydney and Deutsche Bank Place in Sydney.
To find out more about the development or commercial office space available at Barrack Place, please visit barrackplace.com.au