Lyf Bondi Junction

MBM Project Lead

Richard Smith

Client Name

Iglu Pty Ltd

Sector

Timeline

2021 - 2025

Project Value

$ 50m

MBM Project Team

  • Stephanie Tecli
  • Amber He

Services Provided

MBM acted as both Quantity Surveyor and Independent Certifier for the project, providing comprehensive cost management services across all phases. Our team prepared a detailed Bill of Quantities, managed project costs and bank reports to support funding, and delivered ongoing value management advice, ensuring transparency, governance, and rigorous oversight throughout delivery.

Project Background and Scope

Lyf Bondi Junction is a 197-room serviced apartment hotel, developed by Iglu and operated under Ascott’s Lyf brand. Opened in early 2025, Lyf introduces a new co-living hospitality hub with thoughtfully designed studio apartments that cater to international students, professionals, business travellers and leisure guests seeking flexible short and long terms stays. Guests have access to a communal kitchen, co-working zones, rooftop gym and laundrette, alongside outdoor terraces and flexible gathering spaces. Additionally, a key feature of Lyf is the all-day dining venue on the ground floor which was strategically designed as both a guest amenity and a local community hub, accessible by the wider community. With high-quality finishes, adaptable layouts, and accessible apartment options, Lyf Bondi Junction delivers a progressive accommodation model that seamlessly blends hospitality, design, and shared living in one integrated environment.

Project Challenges

Balancing MBM’s dual responsibilities as both Quantity Surveyor and Independent Certifier presented a unique challenge, requiring impartial oversight while actively managing cost planning, bank reporting, and value management.

MBM Solutions

MBM delivered a coordinated approach to our dual roles as Quantity Surveyor and Independent Certifier, ensuring both cost accuracy and impartial oversight. By closely monitoring all claims, reviewing project costs, and providing ongoing value management advice we were able to maintain transparency and control throughout the project.