Lend Lease Wins $122.5 Million UNSW Contract

Lend Lease today announced that it has secured an A$122.5 million contract for the refurbishment and expansion of the University of New South Wales (UNSW) Wallace Wurth building.

The Wallace Wurth Redevelopment involves a 10,000sqm expansion and significant refurbishment of the existing Wallace Wurth building at UNSW’s Kensington campus to provide increased research and teaching spaces for the next generation of biomedical scientists and research related medical graduates.

The redevelopment will be delivered by Lend Lease’s project management & construction business. It will include a new wing and an additional level built onto the existing structure and be carried out while the building remains operational during the construction period.

The project is due to be completed in March 2014. The completed facility will house over 25,000sqm of research, teaching, administrative and specialised facilities as well as over 1,400 research staff and 700 students of the Faculty of Medicine’s School of Medical Sciences and the Kirby Institute.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the contract adds to the Group’s pipeline in its targeted growth market of tertiary education.

“The Wallace Wurth Redevelopment for the University of New South Wales is an important addition to our social infrastructure pipeline,” said Mr McCann. “It continues Lend Lease’s strong association with the University and further expands our expertise in the tertiary education sector.”

Lend Lease has proven expertise in this sector having successfully delivered projects including the UNSW Lowy Cancer Research Centre, Mark Wainwright Analytical Centre and the Scientia building. This latest contract follows a recent award by the University of Technology, Sydney, to provide pre-construction services for its new Broadway Building.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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