Valley Heart.

Project Details
Valley Heart – TC Beirne Building Duncan Street Car Park

Ownership
AM Valley Heart Pty Ltd

Nature of Project/Investment
Heritage Commercial Office & Retail Building, 500 Bay Car Park & Commercial Office Building

Asset Value
$165m

Project Value
$30 Million

Commencement/Completion Date
2015 - ongoing

DMC Projects was appointed to provide Development and Project Management services to the Valley Heart project as part of its ongoing investment and management of the project with Ashe Morgan. The rejuvenation of the TC Beirne Building being a State listed Heritage Building containing 15,000m2 of NLA has been ongoing and focusses on returning the fabric of this important structure to a multi purpose mixed use asset. This has involved the leasing of 5,400m2 to the State Government for their Co-working Smart Hub along with other pre-commitments achieved in taking the building to a majority leased status.

The retail refurbishment will see the integration of food and beverage tenancies along with complimentary service providers. The DMC Projects team has provided a complete development and project management function for the refurbishment in delivering the base building works, integrated tenant works and State Government sub tenant fit outs.

Refurbishments were undertaken in conjunction with new leasing deals for the Car Park and commercial building tenancies adjoining the car park structure.