API NSW Excellence in Property Awards 2015Recognising Outstanding Achievement in the Property Industry

2

About the Australian Property Institute

The Australian Property Institute has enjoyed a long and proud history. Originally formed over 85 years ago in 1926, the API, a not-for-profit organisation, today represents more than 7,500 individual property practitioners throughout Australia and overseas. Approximately 2,900 are located in NSW.

API members are represented in all areas of the property industry including funds management, development, valuations, asset management, sales and leasing, property law, property consultancy, property finance, property and facilities management and education.

As the peak property professional association, the API has been pivotal in providing factual and impartial advice on a broad range of property issues addressed by the Commonwealth and State/Territory Governments since the API was formed. In addition, the API’s advice has been increasingly sought by overseas bodies such as the United Nations, evidencing a level of expertise within the API and its membership that is recognised globally.

As a professional association, the primary role of the API is to set and maintain the highest standards of professional practice, education, ethics and discipline for its members. The API, in conjunction with the Property Institute of New Zealand, develops and disseminates practice standards for the property industry.

It also maintains a close liaison with educational

institutions through its accreditation of property courses. The API recognises endorsed property courses for membership as well as a range of degrees in kindred disciplines such as law, business/commerce, engineering, building, planning and architecture.

The API encourages and assists students and young property practitioners through a range of services including careers’ forums, Young Property Professionals’ events and the Future Professionals Program. The API also delivers topical professional development programs to ensure high standards of practice within the property industry, which attract a broad spectrum of property professionals.

The API benefits employers through the ongoing training and development of their staff and by also being able to identify appropriately qualified and committed prospective employees by virtue of their API membership.

Membership of the API is synonymous with the traits and qualities of professional integrity and client service, industry experience, specialist expertise, together with tertiary level education and lifelong continuing professional development.

Joining the Australian Property Institute

The Australian Property Institute

The API recognises that people who work in the property industry can come from different academic backgrounds and have various career experiences. If you have a degree or equivalent in property, finance, law, commerce, economics, planning, building, quantity surveying, surveying/geomatics, architecture, agriculture, urban geography or statistics you could be eligible for API membership.

Information on membership is available from www.nsw.api.org.au or you can call the NSW Office on 02 9299 1811.

3

President’sMessage

This year marks the 18th instalment of the Australian Property Institute (API) NSW Excellence in Property Awards, which recognise outstanding achievement in the property profession, and the built and natural environments. We’re proud that these awards continue to be a successful and prominent event on the NSW property industry calendar.

Since its inception in 1926, the API has represented a wide range of members working across all areas of the property industry including funds management, development, valuations, asset management, sales and leasing, law, property consultancy, finance, property and facilities management, and education.

It is this broad membership base, together with its reputation for independence, education, integrity and professionalism that allows the API to offer awards for excellence across eight categories, encompassing the broad spectrum of the property industry. For the first time this year, we have created sub-categories in the Property Development Award, allowing for distinct recognition of both smaller and larger projects.

We’ve been impressed by the quality of entries this year and the extremely strong response in many categories. By recognising and promoting excellence in property, we hope to highlight the ongoing need for best practice in the industry.

Congratulations to the finalists and thank you to all who entered – your continued support of the awards makes it possible to hold this annual event. I also extend special congratulations to the award recipients for their vision and contribution to the property industry.

The awards would not be possible without the generosity and support of our sponsors – I thank them for contributing to the success of this important annual event for the API NSW Division.

I would also like to thank the Judging Panel and the API NSW Marketing Committee who volunteer their time and make an important contribution to the awards process.

George Vallas AAPIPresidentAPI NSW Division

API NSW President’s Message

4

Nominations can be made in eight award categories:

About theAwards

Ray WhiteProperty Development Awards Two awards may be made in this category – one for a project under $25 million and one for a project over $25 million. The awards are made to an individual or an organisation, in honour of outstanding work on a development of a single building or structure, a group of buildings or structures, land development or infrastructure.

The award covers new developments/renovation or conversion to a new or original use. The property development should demonstrate excellence in providing community benefits and innovations in design and construction, finance structuring and/or investment returns. Entries are required to have been completed within the last two years preceding the entry deadline.

Criteria• Project value (defined as construction cost

excluding land)

• Commencement and completion dates of

the project

• Benefits/innovations incorporated in the

development which set it apart from other

developments

• Significance of the property to the broader

community

• Obstacles overcome in delivering the

completed project

• List of organisations/consultants involved

(architects, engineers, surveyors, valuers,

project managers)

• Financial viability/success of project which

could include sustainable development and

energy efficiency

Opteon Property Group Property Industry Innovation Award

This award is made to an individual or team in a public or private practice, who has demonstrated the qualities of leadership and innovation that led to either a change in the property industry, in the interests of either property practitioners and/or thecommunity at large, or a new concept or technological advancement.

Entries may relate to any area of property practice, for example property portfolio management, property financing, propertydevelopment, urban design, heritage, asset management, property economics, property management, property or plant andmachinery valuation, property consultancy, property sales, leasing, property marketing, property research, property educationor property law.

Where appropriate, submissions should be supported with a letter from the client, principal, employer or adviser.

Entries are required to have been completed within the last two years preceding the entry deadline.

Criteria• Nature of the change / achievement

facilitated by the individual / team and why

this is innovative

• Benefits produced for the wider community,

or the industry, including the future legacy

and how it can be replicated

• Details of the initial project that brought

about the change

• Details of the team involved (may include

brief biographies)

• Written references from client / employer /

principal / adviser (optional)

Commonwealth Bank of Australia Funds Management AwardThis award is made to a listed or unlisted property trust or property syndicate. Applicants are required to illustrate their superior industry performance through such attributes as innovation, financial performance and/or public accountability, and provide two written references from valedictories (external to the applicant organisation) to support their application.

Criteria• Background information on the product

• Full details of innovations and benefits

achieved

• Financial performance of trust/syndicate,

which could include sustainable

development and energy efficiency

• Any asset or capital management

innovation/efficiencies

• Two written external valedictories

5

Preston Rowe PatersonLocal Government Award

This award is made to an individual or local government organisation that has delivered or influenced the delivery of a completed project that contributes to the local community.

Entries are required to have been completed within the last two years preceding the entry deadline.

Criteria• Commencement and completion dates of

the project

• Details of the project, including type of

property

• Previous use (if applicable)

• Basis of determining community need for

the project

• Community involvement in the planning

process

• Benefit to the community produced by the

project

• Obstacles overcome in delivering the

completed project

NSW Valuer GeneralValuation Award

This award is made to a valuation firm which has provided exceptional value to clients in the banking sector. The firm should demonstrate a strong focus on customer relationship management and the provision of valuation reports that are easy to understand and valuable to the client.

Criteria• Provision of valuation reports and financial

models to the client in a user friendly format

• Best in class risk management and quality

assurance procedures

• Use of technology to deliver timely and

efficient valuations

• Development of quality relationships with

clients through innovative methods

• Reference letter from a financial institution

which has used the services of the valuation

firm, outlining the nature of the relationship

and why they are suitable for this award

JLL Heritage Award

This award is made to an individual or organisation in recognition of outstanding treatment of heritage issues in the context of development projects, adaptive reuse and conservation. Emphasis will be given to projects which exhibit historical sensitivity while delivering practical and economically-viable solutions for heritage buildings or places. There is no limitation on the type of property except for individually owned houses which are not eligible.

Entries are required to have been completed within the last two years preceding the entry deadline.

Criteria• Commencement and completion dates of

the project

• Background information on the project

• Previous use and proposed or current use

• Heritage conservation efforts, including

features that were saved, retained, or

enhanced

• Innovative approaches or specialised

procedures used in the project

• Obstacles overcome in delivering the

completed project

• Financial performance, which could include

sustainable development and energy

efficiency

NABERSEnvironmental Award

This award is made to an individual or organisation in recognition of outstanding treatment of environmental issues. This may include a development project or industry study. Entries are invited from projects or studies that demonstrate environmental sustainability and energy efficiency. Entries may include, for example, the reclamation of contaminated or degraded land, and/or application of technology to create innovative long term environmental solutions.

Entries are required to have been completed within the last two years preceding the entry deadline.

Criteria• Commencement and completion dates of

the project

• Technology/systems used in the project

and examples of how the project achieves

environmental innovation

• Nature of environmental, social and

financial benefits achieved by the project for

the site and the broader community

• Details of any awards/valedictories relating

to the project

• Obstacles overcome in delivering the

completed project

Clayton Utz Young Achiever of the Year

This award is made to an individual API member who has at an early stage in his/her professional career achieved outstanding performance in property by their contribution to their organisation and/or the property industry.

The successful entrant will have demonstrated a substantive contribution to a particular area of the property industry. Additionally they will have demonstrated exceptional skills, dedication, commitment and the promise of future industry leadership.

Criteria• Membership of the Australian Property

Institute

• A resume outlining academic and

professional history

• Details of any awards received

• Details of specialist areas of practice

• Contribution to industry and/or community,

detailing specific achievements, awards,

honours and positions held

• Future goals/objectives

• Aged 35 or under (as at 31 December 2015)

6

The NSW Division of the Australian Property Institute greatly appreciates the support of the following sponsors of the 2015

Excellence in Property Awards:

Event Sponsor

Award Sponsors

Thank you

to our Sponsors

7

This was my first year as Chair of the Judging Panel and I must say I was very impressed by the quality of entries received. Determining finalists and winners was no easy task as there were many diverse and innovative entries.

I would like to thank the Judging Panel for the time they committed to reviewing the entries. The API is fortunate that it has relationships with a broad range of respected property professionals who selflessly volunteer their time to contribute to the success of the awards each year.

I would also like to thank everyone who took the time to submit an entry this year. It is these entries that ensure that the API NSW Excellence in Property Awards continue to be so highly regarded and successful. The API is proud to support recognition of the property industry and we look forward to receiving entries for the 2016 awards.

Congratulations to the 2015 award winners for their outstanding achievements.

The Judges’Comments

The Judges’ Comments

Professor John Sheehan LFAPIChairJudging Panel

8

John Sheehan LFAPI (Chair)

John has been Chair of the API’s Government Liaison Committee since 2002 and has prepared submissions to both State and Commonwealth Government inquiries on a range of varied topics such as strata title, water and carbon legislation, development and planning, and compensation legislation. He is also the Divisional representative on the Environmental Planning and Development Committee of the Law Society of NSW.

In 1980, he established the Sarasan Consulting Group specialising in native title, compulsory acquisition and general compensation advice. His formal disciplines are valuation, town planning and environmental law, and John was an Acting Commissioner in the Land and Environment Court of NSW for a two-year term ending January 2009. In 2010, he was appointed Deputy Director and Adjunct Professor, Asia-Pacific Centre for Complex Real Property Rights at the University of Technology, Sydney.

Ian Muir FAPI

Ian is currently Director, Muir PropertyAdvisors and Senior Vice President ofthe API NSW Division.

Ian was employed in the fundsmanagement industry from 1998 to2010, during which time he spent fiveyears as CEO of an ASX listed REIT, fiveyears as the CEO of a Wholesale Fundand two years in Capital Transactions.

Prior to this Ian held senior leadershippositions at Jones Lang Wotton for 12years and in 1998 joined global fundmanager, ING Real Estate.

Ian has more than 35 years’ experiencein the property industry across fundsmanagement, asset management,valuation, sales and management ofall property asset classes, includingCommercial, Industrial, Retail,Residential, Seniors Housing, andStudent Housing.

Mary-Lynne Taylor FAPI

Mary-Lynne Taylor is a consultant at Bartier Perry Solicitors, practising in the area of town planning, local government and heritage law. She is a long time practitioner in the Land and Environment Court. She practises exclusively in this field of law, acting for both applicants and respondents, and has a role in providing continuing education for all the range of property professionals.

Now an Adjunct Professor in Sydney University’s Faculty of Architecture, she lectures in Planning Law in the Urban and Regional Planning and Heritage Conservation Masters degrees. She has been made a Fellow of the Australian Property Institute and an honorary Fellow of the Planning Institute.

Since its inception she has been a panel member of the Joint Regional Planning Panel where she is now the chair of the Sydney west panel.

Judging Panel

Carolyn Cummins BEc

Carolyn is the Commercial Property Editor for the Sydney Morning Herald (SMH). Her experience stretches from Melbourne to London to Sydney in a multitude of roles including Senior Business Reporter for the Australian Financial Review, Investment Editor and London Business Correspondent for The Australian, and Senior Business Reporter for the SMH in conjunction with her present role.

Carolyn also appears on the Sky Business channel’s Business View Program and did a two-year stint at the Nine Network as a producer for Business Sunday’s Business Today.

In 2011, Carolyn was presented the API NSW Meritorious Service Award for her outstanding contribution to the NSW API membership. This accolade is only awarded to non-members in exceptional circumstances.

Simon Wheatley

Simon is an executive director in theInvestment Banking team in Australiaand New Zealand, and heads the Real Estate sector. He has been at the firm for over 15 years after joining JBWere in 1999 as co-head of the Real Estate Investments Trusts research team. In 2005 Simon moved to the New York office to lead the offshore research team in the US and UK, responsible for Australian equities. In 2009 Simon returned to Australia to lead the Real Estate and developers research team based in Sydney and in 2014 Simon was appointed head of the ANZ Real Estate corporate advisory team for Goldman Sachs.

Prior to joining the firm Simon wasan unrestricted institutional propertyvaluer with Jones Lang LaSalle andalso was a Property Trust analyst at aboutique stockbroking firm.

Leigh Higgins FAPI

Leigh is Executive Director of the China Venture Group of Companies, which advises and co-invests with Chinese corporates and State Owned Enterprises to facilitate investment in Australian real estate, infrastructure and agriculture. He is also Managing Director of CV Funds Management Limited, which holds an Australian Financial Services Licence covering registered and unregistered management investment schemes.

Leigh has over 25 years’ experience as an independent advisor covering the financial services sector, corporate and real estate advisory, real estate funds management, and infrastructure financing and delivery in Australia.

He has a Bachelor of Business (Accounting) from Charles Sturt University and a Master of Applied Finance from Macquarie University.

He is a Fellow of the API and the Institute of Chartered Accountants in Australia and New Zealand; a Member of the Australian Institute of Company Directors and a Licenced Real Estate Agent.

9

Jenny Saliba FAPI

Jenny has over 15 years’ experiencein property spanning the value chain of construction (Lend Lease Corporation), asset management (Savills) and investment management (ING Real Estate). Her experience also includes roles at Charter Hall, Woodhead and Multiplex.

As a Chief Financial Officer, she has worked with Boards and Executive Leaders to drive organisational strategy during periods of exponential growth, business realignment and financial distress.

She is currently acting Chief Financial Officer for Fife Capital. She has a Bachelor of Economics from the University of Sydney and an MBA from the University of NSW.

Peter Cashmore

Peter has been in the property industry for many years with experience on both the “buy” and “sell” side of the listed property sector. He is currently a Senior Real Estate Equities Analyst at NAB.

Before joining NAB in 2010, Peter worked at Citigroup where he was involved in a number of capital raisings including CPA, CFX and SGP. His research coverage includes both the ARIET sector plus thematic pieces ranging from capital markets, physical property markets and sub sector analysis.

10

NSW Valuer General Valuation Award

Winner

The Valuer General is the principal valuation adviser to the NSW Government, leading the delivery of 2.5 million land valuations annually under the Valuation of Land Act 1916.

These land values are provided to local councils for rating and to the Office of State Revenue for managing land tax.

The valuation process combines commonly applied mass valuation approaches with systematic quality assurance and individual reviews, managed by Land and Property Information and implemented by over 80 independent valuation firms across the state.

The Valuer General also supports the Government’s infrastructure development program through the determination of compensation for compulsory acquisitions under the Land Acquisition (Just Terms Compensation) Act 1991.

We are committed to providing accurate and consistent valuations delivering cost effective and transparent outcomes for the people of NSW.

Simon GilkesNSW Valuer GeneralT: 8258 7450F: 8258 7475E: valuergeneral@ovg.nsw.gov.auW: www.valuergeneral.nsw.gov.au

Sponsor

Knight FrankKnight Frank was nominated by a number of financial institutions for this award due to their outstanding quality and concise reporting, provided in a user friendly format and timely manner.

The institutions believe that valuation reports from Knight Frank provide excellent and relevant analysis of sales and rents, appropriate commentary and most importantly identify key issues relevant to financial institutions upfront in their executive summaries. They also commented that Knight Frank’s valuation reports are easy to read with good presentation of graphs.

Financial institutions commended Knight Frank’s constant dialogue with the client and proactive updates. Specifically, they were impressed with Knight Frank’s ValSal smartphone app (an industry first), their stable valuation team and their trend analysis reports.

11

WinnerFaine BayvelFaine is currently an Associate Director in the Real Estate Capital team at Pepper Property, where she is responsible for advising and arranging debt and equity transactions on behalf of property developers and investors across a range of sectors. Prior to this, she spent six years working in institutional and corporate property lending with the Commonwealth Bank of Australia, where she financed some of the largest and most complex property investors and developers in Australia.

Faine is chair of the Young Property Professionals’ (YPP) group and sits on the Australian Property Institute’s NSW Divisional Council. In her role as YPP Chair, Faine manages a group of 11 volunteers to deliver four events per year for the API’s younger members. The YPP, under Faine’s leadership, has also recently established the NSW Young Leader Award designed to give back to academic institutions by awarding annual prizes to students from the University of Technology, Sydney and Western Sydney University who showcase exceptional leadership outside of their usual course work.

The judges commented that Faine was well-rounded and it was exciting to see such talent in the industry.

Clayton Utz Young Achiever of the Year

Sponsor

Offering the sharpest legal minds. The clearest advice. And an unshakeable sense of what’s possible.

Clayton Utz is a leading Australian law firm, known for the strength of its independent culture and its confident and engaging approach. With 173 partners and over 1,200 employees across six offices, they continue to build on their reputation for confident, innovative and incisive legal advice.

With a genuine commitment to client service, they are trusted advisers to a diverse base of private and public sector organisations. Their clients include many of Australia’s top financial institutions, including international investment banks and major funds and fund managers, multinational corporations operating in a range of sectors, and state and Australian government departments and agencies. As an independent firm, they have relationships with leading firms around the world. That means their clients can be confident they have access to the best possible advice, wherever and whenever they need it.

Kathy SantikosPartner Clayton UtzT: 02 9353 4855E: ksantikos@claytonutz.comW: www.claytonutz.com

12

Opteon Property Group Property Industry Innovation Award

WinnerThe 202020 Visionfor The 202020 Vision

The 202020 Vision is a mass collaboration of 270 organisations working together to create 20% more green space in our urban areas by 2020. It’s been described by The Australian Financial Review as “one of the most powerful collaborative movements in Australia, just one year after its birth.”

By bringing together like-minded organisations in a structured, disciplined way, The 202020 Vision has so far:

• Created Australia’s biggest network of green space people• Measured Australia’s green space benchmarks for every urban LGA in Australia• Worked with over 500 green space experts to define the 28 projects needed to

create more green space in Australia• Worked with the City of Melbourne to create an easy-to-follow guide that Council

can use to create an urban forest• Engaged over half of Australia’s LGAs

The judges commended the innovative project idea and felt it was an important change for the industry which demonstrated the benefits of collaboration.

13

Valuation leader Opteon Property Group (OPG) operates Australia’s most extensive network of established and respected valuation companies. Partnering with government, major corporations, industry bodies, major lenders, property owners and investors, we work closely with our clients to deliver innovative valuation solutions. With 75 office locations nationwide and 800 staff members, including over 500 valuers and property advisors, our reputation for supplying trusted and accurate property valuations is backed by local expertise and the strength of our national network’s collective resources. OPG invests heavily in technology and information systems. Our state-of-the-art Valuation Management System facilitates timely, transparent and cost-effective independent national property advice across our eightbusiness units: Advisory, Agribusiness, Commercial, Government Services, Plant and Equipment, Quantity Surveying, Residential and Tax Depreciation.

Sally WickhamDirector Valuation Services (Sydney)Opteon Property GroupT: 1300 40 50 60E: sally.wickham@opg.netW: www.opg.net

Sponsor

CommendationBetter Buildings Partnership

for Unlocking Better Building Performance with Best Practice Leasing

Better Buildings Partnerships, a group of leading landlords, key influencers and the City of Sydney, is unlocking improvements to building sustainability, performance and value previously thought impractical or impossible by tackling issues at a system level and sharing resources to barriers to innovation. As the group manages over 90% of prime-grade stock in the Sydney CBD, and significant proportions across Australia, commitments to better standards all but guarantee change.

Building Better Partnerships began its work on green leasing in 2012, when 31% of leases in Sydney included some form of sustainability or green clauses. Since this time, over 10,000 industry professionals have engaged with its work and green lease clauses have doubled to 62%.

Preston Rowe Paterson Local Government Award

14

WinnerPittwater CouncilCurrawong Beach Cottages – Historic Midholme RestorationCurrawong Beach Cottages is a small scale eco-friendly holiday destination located at the northern end of Pittwater, accessible only by water. Purchased by the NSW Government in 2011, Pittwater Council was appointed Trust Manager of the development. Midholme is the original homestead on Currawong, believed to have been built around 1911. It is a State significant Heritage-listed building and is also of local Heritage significance, as it is a rare example of a remote farmhouse in the Pittwater region.

The restoration at Midholme was designed to mitigate extreme and high risk threats to the homestead, prevent further deterioration in order to protect the significant heritage nature of the building, and to improve the facilities for the community. The restoration was carried out by Pittwater Council’s Building Services team, along with specialised contractors. The Pittwater Environmental Foundation and Friends of Currawong were also consulted.

Where possible, original materials were kept or reused, and in all instances form and fabric were matched.

The judges were particularly impressed with the significant obstacles overcome in funding the delivery of the project.

Sponsor

Established in Sydney in 1988, Preston Rowe Paterson is an elite supplier of investment, development and asset professional property services. Preston Rowe Paterson has 18 offices throughout metropolitan and regional Australia and, in 2014, expanded internationally via seven offices in New Zealand. Most recently, the company formed a relationship agreement with the China Appraisal Association who currently have 17 offices in China, and Diawa Realty Appraisal with six offices in Japan.

Preston Rowe Paterson provides specialised services in valuation, property and asset management, transaction management, leasing, consulting and property market & economic research. These services are offered across all forms of real estate, infrastructure, and plant and machinery equipment.

Greg PrestonManaging Director Investment Valuation & Capital Markets Advisory Preston Rowe Paterson NSW Pty Limited T: (02) 9292 7400E: greg.preston@prpsydney.com.auW: www.prpsydney.com.au

15

CommendationBlacktown City Council

for Melrose House

Melrose House is a heritage building set within the Grantham Estate, which is in the process of becoming part of a large public parkland.

Blacktown City Council wanted to make effective use of the property for community purposes and the works were designed to allow adaptive reuse by a variety of prospective tenants, including art galleries, restaurants and commercial offices. The grounds have been restored and further landscaping is planned incorporating the site into new public parkland across the remaining Grantham Estate.

The judges felt this was an important work for the local area and was beautifully done.

CommendationLismore City Council

for Lismore City Council Landfill PhytocapIn essence, a phytocap is a complex layer of local native vegetation that controls drainage, replacing the traditional method of capping which involves the layering of clay, gravel and dirt.

In 2007, the Council’s Wyrallah Road Landfill was selected as the NSW trial site for the Australian Alternative Covers Program, a collaboration between consultants, universities, the State environmental authorities and landfill operators. Following the trial, the Council sought NSW Government approval for the use of this method. Once approval was received, construction commenced and the phytocap was officially opened in September 2013.

The judges felt this was a remarkable and innovative project which will result in an extension to the adjacent botanic gardens.

16

Commonwealth Bank of Australia Funds Management Award

WinnerCromwell Property Group

Cromwell Property Group owns, manages and invests in commercial property, with $11.9 billion assets under management and investment capacity; 500 properties and a market capitalisation of $1.8 billion. Cromwell Property Group is focused on building investor wealth through the careful selection, acquisition and management of secure income producing properties and portfolios.

The judges commented that Cromwell Property Group is a fund that has defined itself in the past 12 months, with a significant evolution of its funds management business. It acquired Valad Europe for $207 million, contributing to an increase in total assets under management from $3.1 billion to $10.1 billion in FY15, and giving it an international flavour at a time when many REITs were reluctant to reconsider offshore investments.

Cromwell Property Group has positioned itself well with strong performance and a diverse product suite.

17

The Commonwealth Bank is a leading provider of integrated financial services and one of the most recognised brands in the Australianbanking industry. Institutional Banking and Markets is the Commonwealth Bank’s specialist division servicing the requirements of institutional clients for capital raising - both debt and equity, risk management and transactional banking.

The real estate team within the division combines banking values with financing skills and flexibility. The team consists of dedicatedprofessionals with years of experience in providing innovative financial solutions to the property sector. By employing industry specialiststogether with finance professionals, Commonwealth Bank has a detailed understanding of the unique characteristics of the industry fromboth a technical and financial viewpoint.

Sponsor

Graeme RossManaging DirectorGlobal Head of Real Estate - Institutional Banking Commonwealth Bank of AustraliaT: (02) 9303 1400 E: Graeme.Ross@cba.com.auW: https://www.commbank.com.au/corporate/industries/property.html

CommendationGeneration Healthcare REIT

Generation Healthcare REIT is the only dedicated healthcare property entity listed on the Australian Stock Exchange. It currently comprises 17 properties including hospitals, medical centres, aged care, laboratories and other purpose-built healthcare facilities.

The judges felt that Generation Healthcare REIT has been ahead of the curve as it focuses on an emerging asset class. The REIT is in in a strong financial position and executes challenging deals, giving it a reputation for innovation.

JLL Heritage Award

18

WinnerLake Macquarie City Councilfor Masonic Hall Refurbishment

Lake Macquarie City Council refurbished the Masonic Hall to provide a much needed, multi-purpose facility for council staff and local community groups. Originally built in 1924, the refurbishment includes flexible learning spaces for staff training, meeting facilities for use by the community and appropriate space to undertake Corporate Fitness Club classes.

Lake Macquarie City Council appointed a conservation architect to ensure that construction methodologies complied with DA conditions. These conditions stipulated minimising penetrations to existing fabrics through construction methods such as surface mounting services. Any structural repairs were to be done with similar construction materials such as lime mix to repair mortar and any internal connections of new walls were to be reversible.

Reinstatement of the front entrance and windows with new timber products in the style of the original openings was a key design feature. Following the hall’s acquisition in the 1980s and conversion to use by local theatre groups, the front openings were bricked up, leaving only access by the side door. The Council made contact with an original member of the Masonic lodge to ascertain the building’s original appearance.

The judges felt this was a well-delivered and significant project for the local community, despite its small budget.

John TalbotManaging Director Advisory & Consulting Services - AustraliaJLLT: (02) 9220 8486E: john.talbot@ap.jll.com W: www.jll.com.au

Sponsor

19

As the first global property firm to commence operations in Australia nearly 60 years ago, JLL Australia is a proud supporter of the API.

Now Australia’s largest integrated property services firm, JLL has one of Australia’s largest Valuations, Advisory, Asset Management, Leasing and Sales capabilities, providing core services for investors and occupiers across a wide spectrum of asset classes including office, retail, industrial, residential, health and aged care, student accommodation, infrastructure, plant and equipment.

JLL recently expanded the reach of its national Valuations business by acquiring Australia’s largest privately owned and integrated national valuation firm, Propell National Valuers.

Ray White Property Development Award

20

Winner - under $25 millionKennedy Associates Architectsfor Carleton Estate

The Carleton Estate development is a 78-unit residential development on an 11,871m2 site in Summer Hill, Sydney. The development is named after a Victorian era mansion which, with its former stables building, was constructed between 1883 and 1887. Over 90 years of institutional use, both the site and buildings underwent numerous alterations, interventions and additions, including losing many important elements, and fell into disrepair. More buildings were added to the estate during the 20th century, as it was used as a hospital and respite care facility.

The Carleton Estate development removes all elements of lesser heritage significance on the site, including all of the 20th century buildings, as well as numerous accretions to the house and stable. Conservation and adaptive reuse work was undertaken to both buildings, returning them to their original form and character, and recreating the park-like setting of Carleton.

The Carleton Estate development demonstrates the advantages of a wholistic approach to urban infill development and to the integration of heritage items within such developments.

The judges were impressed by the materials incorporated in the development, the mix of old and new and the green open spaces.

21

Ray White Commercial NSW was formed in early 2014 as a partnership between Jeff Moxham and the White Family with simple ambitions: to provide the finest quality commercial real estate services to the broader Sydney market and to be proud of every transaction.

The business quickly built momentum with close to $400 million sales transacted in its first 18 months in addition to a significant number of high profile appointments. Our business leverages from the broader Ray White Commercial network which comprises over 50 owner-led businesses and handles in excess of $2.5 billion ofcommercial sales and leasing transactions every year.

As part of the Ray White Group, the largest Real Estate Group in Australasia, we have the strength and reach of an international real estate group with the localknowledge needed to deliver a premium result.

Jeff MoxhamManaging Director/Partner Ray White Commercial NSW T: (02) 9249 3725E: jmoxham@raywhite.comW: www.raywhite.com

Sponsor

Ray White Property Development Award

22

Winner - over $25 millionDEXUS Property Group for Quarry at Greystanes

Quarry at Greystanes is one of Sydney’s premier single holding large industrial estates and the most significant industrial development in the expanding Greystanes area of Greater Western Sydney in recent years.

The estate, contained within a 100 year old quarry, has been built on land that has been repurposed into a premium sustainable industrial community that combines cutting-edge design with the heritage and natural attributes of a unique site. It has pioneered and set new benchmarks in sustainable industrial office design, affording industrial tenants the same workplace innovation and amenity as their office peers.

DEXUS Property Group has progressively developed Quarry at Greystanes since its acquisition of the site in 2007. The estate comprises 12 high specification pre-lease and speculative industrial facilities across approximately 168,600m2. On completion, Quarry at Greystanes will comprise 16 industrial facilities across more than 190,000m2. The estate is valued at over $300 million, is 98% occupied, and has attracted a diverse range of major Australian and international companies as tenants.

Quarry at Greystanes incorporates leading sustainable design, innovation and building features which are custom designed to tenants’ long-term requirements, many of which are unprecedented in the Australian industrial development space. The development also features a number of leading environmental initiatives, including rainwater harvesting and recycling, native plant landscaping, natural ventilation and light enhancement initiatives, stormwater and ground water recycling, solar hot water and sensor lighting controls.

The judges felt this was an innovative approach for an industrial project with strong results.

23

Commendation

Wollongong Central by The GPT Group connects the northern and southern parts of the city via a five level “public street”, knitting together existing and future parts of the city. Owned by the GPT Wholesale Shopping Centre Fund, the new Wollongong Central delivers a vibrant new retail and lifestyle destination as one of the most significant development projects in the Illawarra region in recent years.

The expansion of Wollongong Central:• Delivered over 19,000m2 of new retail space and 650 new car

spaces• Introduced 80 new retailers, bringing the total number of stores

in the Centre to over 220• Created 800 full time equivalent retail jobs

The judges felt this was an innovative project with good sustainability outcomes that will help Wollongong to grow.

The GPT Groupfor Wollongong Central by The GPT Group

NABERS Environmental Award

24

WinnerNorman Disney & Young for Australia Post, Strawberry Hills Refurbishment Norman Disney & Young was appointed to provide mechanical, electrical, hydraulic, communication, fire engineering, fire protection design services, and sustainability advice as part of Australia Post’s extensive refurbishment of its iconic NSW headquarters.

The project achieved a 5 Star Base Building Energy rating from NABERS through building services, controls upgrades, fabric improvements (including new double glazing) and a roof-mounted solar PV system.

In addition to energy efficiency and renewable energy systems, sustainability initiatives included sustainable materials selection, waste minimisation and management, water efficiency and rainwater harvesting, ecological considerations in the landscape design, and improved occupant comfort and health through indoor environmental quality initiatives.

These initiatives have resulted in the building achieving what would be considered best practice outcomes for a new building, but at an existing building constructed in the 1980s. In addition to the Base Building Energy rating, the building has also achieved multiple 5 Star Green Star ratings.

The judges were impressed by the high-quality refurbishment and the environmental outcomes achieved.

Sponsor

25

25

CommendationLismore City Council

for Lismore City Council Landfill Phytocap

Phytocap technology is innovative and relatively new to Australia. The Lismore phytocap was the first licensed landfill in NSW to be approved to use the phytocapping method for landfill rehabilitation. The Lismore phytocap was also designed to create a koala habitat which is very unique.

The phytocap method costs half the cost of a standard landfill cap. The method saves money and grows trees - a double benefit.

The soil used for construction of the Lismore phytocap came from a local Lismore road construction project and therefore removed the need to quarry new soil for the project.

Carlos FloresProgram ManagerNABERST: 02 9995 5000E: carlos.flores@environment.nsw.gov.au W: www.nabers.gov.au

NABERS ratings are one of the most widely used environmental benchmarks for commercial property owners and tenants in Australia.

Over the past sixteen years, NABERS has built a reputation for building reliable and accurate tools through its close collaboration with industry.

The program provides a variety of tools for different building types and environmental impacts, and the NABERS six star scale has now become a common language for operating efficiency in the property market.

Ratings help different departments come together in planning and evaluating upgrades, and they stimulate competition for green credentials.