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Challenge

Kyko Group was considering the acquisition and redevelopment of 99 Elizabeth Street, a 15 storey office block located in the heart of the Sydney CBD.

Originally built in 1969, the Kyko Group team needed to assess if there were any significant defects within the building structure, fabric and building services by completing a thorough pre-purchase technical due diligence assessment.

Upon the successful acquisition, Kyko intended to undertake a major refurbishment project to enhance environmental performance and improve amenities within the building. The refurbishment project involved bringing the building back to ‘frame’, replacing the facade, service amenities including finishes and a net lettable area maximisation to a PCA Grade A Standard.

Solution

  • Kyko successfully completed the acquisition of 99 Elizabeth Street with a thorough understanding of the buildings physical condition
  • Kyko was fully informed of the financial position, risk and potential outcomes during all stages of the redevelopment project
  • Construction of mixed use space with retail and 15 upper levels of premium office accommodation. Entire facade and services replacement, new base building office floors and amenities and NLA maximisation to a PCA Grade A standard
  • 99 Elizabeth Street is an award winning project with 4.0 greenstar office ‘Design’ rating and a 4.0 greenstar fffice ‘As-Built’ rating and a 5 star NABERS energy rating
  • The redevelopment has resulted in a reduction in operational costs, increased marketability and better environmental outcomes

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Last updated on September 3rd, 2019 at 09:38 pm

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