Revitalising an existing asset
With a major lease expiring in 2018, Dexus Property Group sought to reposition 240 St Georges Terrace in Perth’s CBD to actively seek new tenants. A revitalised 240 St Georges Terrace would provide an attractive and unique leasing opportunity, offering flexible and efficient options for premium grade quality office space with market-leading amenities and services.
APP has been providing project management services to Dexus nationally over several years. For 240 St Georges Terrace, our specialists were engaged at inception to manage the planning and design phases, through to construction and completion. The project featured a new retail podium, end of trip facilities, repositioning of a new entrance, premium upgrade of the tower on-floor commercial office areas, the creation of ‘Dexus Place’ and the replacement of 2,500m2 of non-compliant Aluminium Composite Panel (ACP) cladding.
Developing a staged delivery to overcome challenges
The project presented considerable challenges such as a constrained site, City of Perth DA conditions, adjacent residential apartment buildings, as well as the presence of existing tenants. Maintaining business continuity and quiet enjoyment throughout construction was paramount.
In response, APP’s project team developed a staging sequence for the works, which required significant stakeholder engagement and managing the interface with tenants and the public. The development involved 7 Separable portions for the base build works and 8 separable portions for on floors refurbishment. With the project being undertaken in a live environment, redirecting critical building services was a focus for the project team and managed by regularly engaging with the Building Management team. Clear communication protocols and approval to proceed hold-points were established, to minimise disruption to building operations.
Managing contractors in parallel to minimise disruption
APP’s specialists managed the project delivery under a Design and Construction (D&C) contract using two contracts. While one contractor undertook the base building, ground floor upgrades and refurbishments, a second contractor undertook the on-floor office tenancies and amenities. This required careful management and staging to ensure all works were delivered safely and on time, with minimal impact to the existing tenants.
Keeping stakeholders informed at every stage
At inception, the building was nearly empty and as the project progressed the number of stakeholders grew significantly to broaden beyond the national Dexus team and building management team, to include the incoming tenants such as Macquarie, ANZ, Wood Group, CBH, Amazon to name a few. All tenants had specific requirements and required close management to ensure the programme stayed on track. By project completion, 98% of the building was leased.
Bringing Dexus Place to life
As part of the wider project, APP coordinated the delivery of a bespoke group of works on Level 16. These works included the delivery of a 471m2 Speculative Suite (Spec Suite) and Building Management Office (BMO), plus a 915m2 conference and multi-use event suite called Dexus Place. Dexus Place comprises four functional zones to offer all tenants a range of amenities including teleconference facilities, meeting rooms, catering services and an outdoor entertaining space. Both tenancies also feature meeting rooms, a break-out/ kitchenette, and open plan work areas that can flexibly accommodate a range of groups.
Dexus Place is the flagship tenant amenity facility in Perth. First developed in Sydney, the facility in Perth was designed to reflect and embody the colloquial architecture, with references to WA’s natural landscape of turquoise beaches and signature rust-coloured dirt of the Outback. Throughout the design process, APP added value by applying previous lessons learned from other similar facilities and providing insight into the Perth property market’s expectations and requirements to attract prospective tenants. As a result, Dexus Place has become the premier space for many Perth-based organizations across a wide array of industries to conduct networking, conferences and training events.