CUSHMAN & Wakefield have been appointed by St Hilliers as property manager for 155 Clarence St in Sydney.
Cushman & Wakefield head of property and asset management services Domenic Belmonte said the appointment is an important boost to the agency’s national property and asset management services business.
“Ben McDermott and Matthew Bingham worked extensively with St Hilliers, consulting on design features and operating expenditure forecasting for this iconic heritage property.
“This ensured Cushman & Wakefield was in a strong position to secure the appointment and we are extremely pleased to be working with St Hilliers to ensure this historic asset enjoys a bright future,” he added.
155 Clarence St will be one of few new A-Grade office spaces in the heart of the Sydney CBD to be released to the market in 2014. The former Red Cross Blood Bank building is currently undergoing a refurbishment to deliver 12,400 sqm over 11 floors, with practical completion due in the second half of this year.
The newly refurbished 155 Clarence St, is aiming to achieve 5 Star Green Star – Office Design v3 and As Built ratings, and a 4.5-star NABERS Energy rating.
Property Review
