MBM Making Waves in Victoria
Breathing Life into a Heritage Landmark
MBM is proud to be involved in the major refurbishment of 48-50 Martin Place Sydney. This landmark building was constructed between 1925 and 1928. It is regarded as one of the finest 20th Century bank buildings in Australia and is a rare example of the American influenced Inter-War Beaux-Arts style. Preserving the heritage elements of the building whilst transforming the 25,000m² NLA into a state-of-the-art workspace for owner, Macquarie Group, is a detailed and complex Project. The complete refurbishment includes; integrated fitout to the 9 office levels, 2 new client levels and a bespoke roof and terrace. The works require widening of the existing atrium, as well as construction of the new two-story elongated glass-domed roof and 2 glass shuttle lifts. These works are all to be completed whilst the ground-floor tenant and previous owner, the Commonwealth Bank, are in-situ and continuing operations. Upon completion the project is targeting a 6 Star Green Star Design & As-Built base build rating.
David Madden, Director of MBM said “Providing a full suite of Quantity Surveying services to Macquarie Group on a project of this scale was going to be a rigorous test of skills. But I had every confidence when I selected Helga as my leading QS. I knew that Helga would ensure Cost and Value Management would receive the highest priority for this important heritage site”. MBM’s Executive Quantity Surveyor, Helga Maynier has been involved in the Project from the due diligence stage and has prepared budgets and is strictly overseeing the cost planning processes, including; progress claims and variations as well as the value management process. With the program approximately half complete, this week, Helga was pleased to share her knowledge and experience with her MBM colleagues during a group site visit. Helga said “It has been a privilege to work on what is an iconic building in Sydney and my colleagues at Brookfield Multiplex are doing an exemplary job”.
Macquarie Group has also planned for the future, by engaging MBM’s Associate Director, Michael Ross, to establish asset registers and provide Asset Consulting services for the site. 48 Martin Place is due for completion late 2014.