Sydney Harbour Foreshore Authority (SFHA) – Stage 1
Plenary Group – Stage 2
Capella Capital / Lend Lease – Stage 3
Contract Term / Payment Mechanism:
25 Years / Availability-Based
Stage One – Pre-construction
WT Partnership was engaged by Sydney Harbour Foreshore Authority (SHFA), on behalf of NSW Government to undertake a Broad Order Cost Estimates for the New Sydney Convention & Entertainment Center and Refurbished Sydney Entertainment Centre Masterplan.
The proposed objectives of the Masterplan address the overall functionality of the precinct, investigate the expansion of the existing Sydney Convention and Exhibition Centre (SCEC), the refurbishment / redevelopment of the Sydney Entertainment Centre (SEC), whilst maintaining the SCEC as a world class facility.
The Masterplan considers a number of external factors, including the age of the existing facilities, opportunities in the revitalization of the Southern precinct, the current Darling Walk development, connection with and into the surrounding precincts such as Chinatown, Powerhouse Museum, UTS, and any private sector development opportunities, as well as the connection with the forthcoming Barangaroo project.
Stage Two – Bidding
Through Adam Shaw whilst under prior employment, our team were also part of the bidding phase for the SICEEP project. Working as Lender’s Technical Advisor on behalf of the Plenary / Multiplex consortium, we reviewed the Owner’s requirements, established a competitive bidding price and reviewed all facets of design, construction, operations and maintenance on behalf of a multi-party lending group.
Stage Three – Construction Review
Engaged by Capella Capital (the successful bidder), WT performed pre-completion due diligence on the SICEEP project as part of a portfolio wide risk review for the Lend Lease subsidiary. This included Technical Due Diligence services looking at construction progress, drawdown, contract administration and completion risk. Our work concluded in the provision of due diligence materials for asset transfer to an investment fund.