Investa and Gwynvill Group have appointed Lendlease Building as the head contractor to construct its $300 million flagship development, 60 Martin Place, Sydney.
Construction will commence in July 2016, with completion anticipated in the third quarter of 2019.
Mark Tait, Head of Commercial Development, Investa said: “We are delighted to partner with Lendlease Building in this significant Sydney project. Lendlease brings outstanding construction capability and extensive, relevant experience in high quality commercial office developments, which will underpin the quality of the 60 Martin Place offering.”
Located on the corners of Macquarie Street, Martin Place and Phillip Street, opposite the Reserve Bank and State Parliament, the striking new building will incorporate over 40,000 square metres of lettable area across 33 levels. Floor plates are flexible and large, ranging from 1,200 – 1,500 square metres with panoramic views of the Opera House, Botanical Gardens and Sydney harbour.
Following requests for expressions of interest for the project’s design and construction, Investa received nine submissions, of which four contractors were shortlisted. A rigorous tender process then commenced in September 2015.
Following extensive evaluation, Lendlease Building were deemed the preferred contractor based on a number of key criteria including;
- Recent, comparable commercial office project experience across a number of key Sydney CBD commercial development projects;
- Relevant experience, quality and fit of the Lendlease Building project team;
- Competitive commercial terms, pricing and program; and
- Lendlease Building track record and capacity to manage a project of this complexity and scale.
Dale Connor, Managing Director, Lendlease Building said: “Lendlease is proud to be chosen by Investa and Gwynvill to build a distinctive new landmark at 60 Martin Place.
Lendlease has a proven track record in building premium commercial office developments that set new benchmarks in performance and sustainability, regenerate urban precincts and leave a tangible legacy for our cities.
Our involvement in 60 Martin Place builds on Lendlease’s longstanding relationship with Investa, and we are delighted to be working on a development that will play a significant role in revitalising Martin Place as a key commercial hub for Sydney,” said Mr Connor.
Mr Tait added: “60 Martin Place is an exciting opportunity for Investa, Gwynvill and Lendlease to deliver a truly unique workplace and public amenity offering to the Martin Place precinct, with significant tenant interest already received from a range of blue chip organisations.
We look forward to seeing this iconic building start to take shape in Martin Place.”