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August 22, 2024
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8-20 Napier St, North Sydney
8-20 Napier St, North Sydney
 |
Client | ACU |
 |
Budget | Circa $60m |
 |
Services | Property Advisory |
 |
Sector | Education |
 |
Scope | New Build |
Service Provided
Property
Advisory
Project Details
Acquisition of a 11,000sqm building via an off-market
transaction with Charter Hall. The circa $60 million
purchase was managed by Spectrum from initial client brief,
site identification, due diligence and purchase transaction.
Spectrum was retained as building asset manager and is
also directing the proposed progressive redevelopment.
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.