Macquarie Cultural & Heritage Precinct (Story of Sydney)

Macquarie Cultural & Heritage Precinct (Story of Sydney)

Client | Savills Project Management
Location | Sydney, New South Wales
Role | Business Case Development, Economic & Financial Analyses

Macquarie Street is the home to Sydney’s oldest and most important buildings and is being investigated for a possible revitalisation of the precinct.  Corview was engaged by Savills Project Management to develop a Preliminary Business Case to consider options for the relocation the Museum of Sydney to an expanded Cultural and Heritage Campus on Macquarie Street, next to the UNESCO heritage listed Hyde Park Barracks Museum and The Mint Building Complex (both owned and operated by Sydney Living Museums).  Sydney Living Museums cares for 12 of New South Wales’ most important museums and historic houses. Together these sites are an important journey through the history and cultural life of Sydney.

The project includes options which investigate a mixed-use precinct including cultural uses and commercial uses such as retail and food and beverage.  Savills Project Management were responsible for the management of the technical inputs and liaising with the architects FJMT.  The preliminary business case was submitted under and compliant with the Infrastructure New South Wales Investor Assurance Framework.

Scope of Work

  • To develop the business case and supporting value for money assessment model including economic, financial and strategic assessment

Key Achievements

  • Developed a detailed model that could be used to rapidly considerer changes in scope, time and/or cost
  • Provided the ability to stipulate results prior to completion of the business case to enable optimisation of the options
  • Provided informed insights which supported the client and technical team through the value management process to develop an economically feasible solution

Testimonial

“Corview was appointed to develop two preliminary business cases for high profile cultural infrastructure projects in Sydney – the Story of Sydney and Shoreline. The Corview team worked tirelessly to meet the project objectives and delivered excellent outcomes in a very short timeframe. In addition to developing a compelling investment logic map, case for change and value for money assessment, Corview responded to client feedback and incorporated last minute changes under tight submission deadlines. Once again, it was a pleasure to have Corview on our team and we look forward to delivering many more successful projects together.”

Marcus Paget-Wilkes, Director – Project Management, Savills Australia