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August 21, 2024
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55 Clarence St Upgrades
55 Clarence St Upgrades
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Client | AEW/AXA |
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Budget | Circa $60m |
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Services | Property Advisory & Project Management |
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Sector | Commercial |
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Scope | Building Upgrades |
Service Provided
Property Advisory &
Project Management
Project Details
Spectrum managed this office building since 2006 on behalf
of Allianz Australia Insurance Limited. This is a “B” grade
15,000 sqm office building located in Sydney’s CBD western
corridor. Spectrum successfully leasing of approx. 4,900
sqm of office space. Spectrum also coordinated the “off
market” sale of this asset for Circa $60 mill.
Overview & Approach
- To support the increased student numbers resulting from the expansion of the College, the catering facilities were replaced to meet future demand and provide upgraded facilities .
- The new facility addresses all functional issues including capacity, circulation, storage, equipment quality and capacity, ventilation, safety and finishes. It also includes replacement of the existing roof and a new lift to address access issues in the building.