FaHCSIA National Office Fitout, Initial Cost Benefit Analysis

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Office
Property Consulting
$50 000 000+
ACT
FaHCSIA National Office Fitout, Initial Cost Benefit Analysis
 Client  Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA)    
 Sector  Office
 Size  53,000m² approx. NLA
 Value  $450 million NPV lease commitment
 Timeframe      2012 - 2013
 Role  Property Consultant for Inital Cost Benefit Analysis

In mid-2012 the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) analysed its current property in the ACT. FaHCSIA's overall ACT office accommodation was in the order of 53,000m² NLA – made up of a National Office at the Tuggeranong Office Park (TOP) campus, which comprised five partially separated, three to four storey buildings, totalling 33,000m² of NLA, and a number of other buildings in the ACT with a combined NLA of approximately 20,000m², with the majority of this space (around 11,000m² NLA) being in the Centraplaza Building in Woden.

FaHCSIA's lease of the TOP facility was due to expire in December 2016, with no options to extend. At this point in 2012, FaHCSIA engaged Xact to commence the process of planning its future accommodation requirements through the development of documentation and processes consistent with the Department of Finance and Deregulation's (DoFD) Commonwealth Property Management Framework.

 

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