Information Memorandum JUNE 2020 TABLE OF CONTENTS Introduction and Contact 3 Details Executive Summary 6 Project Vision 7 The Opportunity 8 Context Map 10 - 11 Highlights 12 Visualisations 14 The Buildings 18 Historical Timeline 19 Precinct Map 20 - 21 Planning and Legislation 22 Heritage 23 Lease Process & 24 Indicative Timeline Overall Lease Process 25 Important Information 26 - 27 & Disclaimer KIRKBRIDE PRECINCT 2 INTRODUCTION PwC Advisory Services Australia Pty Ltd (‘PwC’) has been appointed by the NSW Government to market a unique leasing opportunity of Kirkbride precinct (‘The Site or Kirkbride’ at Callan Park). This Information Memorandum provides preliminary information to assist interested parties with their assessment of the Lease. This Information Memorandum is produced as a general guide only and does not constitute an offer for Lease. All parties should undertake and rely on their own independent due diligence investigations and not rely on the information contained in this document when considering this opportunity. CONTACTS All initial communication is to be directed through the contact persons below. Should you wish to progress to the Expressions of Interest (‘EOI’) process, specific information about the Site can be sought through the dedicated data room. PwC looks forward to discussing this exciting opportunity with you. Damian Horton Phone: +61 (2) 8266 2248 Email: [email protected] Adrian Tse Phone: +61 (2) 8266 1561 Email: [email protected] Claire Sandig Phone: +61 (2) 8266 2614 Email: [email protected] 3 INFORMATION MEMORANDUM 4 4 5 EXECUTIVE SUMMARY The Kirkbride precinct presents a rare The Site offers a wide variety of spaces from opportunity to breathe new life into a large open courtyards and quadrangles through historically significant collection of heritage to a range of adaptable internal spaces that buildings through adaptive reuse and sensitive can be used for large gathering and functions, reimagining. The Kirkbride precinct comprises classrooms, suites, offices and workshops. The circa 30 adjoining, interconnected primarily circa 30 buildings (excluding the Convalescent sandstone buildings, and four Convalescent Cottages) have a total Gross Floor Area of Cottages. The precinct was designed in 1877 by approximately 24,000 sqm and Net Lettable colonial architect James Barnet and Inspector Area of approximately 18,000 sqm. General for the Insane Frederick Norton Manning. Many of the buildings have heritage The reimagining of the Site offers alluring significance. possibilities for a Respondent with the vision to create a lasting place of character and quality For the first time in 135 years, the NSW that conserves and enhances the heritage Government is offering to the market, Kirkbride credentials of the Site. precinct, via a leasehold opportunity for all or part of the precinct. The leasing transaction will take place over two distinct stages, being an Expression of Construction of the precinct was completed Interest (‘EOI’) (i.e. this stage) and pending in 1885 for continuous use as a mental health a successful EOI, a subsequent Request for facility for over 100 years, and more recently Proposal (‘RFP’) stage. The EOI process occupied by the University of Sydney’s College offers interested parties the opportunity to of the Arts from 1995 to May 2020. A rare highlight their planned use, experience and opportunity exists for a new tenant/s to lease, viability, financial soundness and capacity all or part of this spectacular State Heritage to complete, creative response to leasing Listed precinct. constraints, and value. The Kirkbride precinct is located in the PwC has been appointed by the NSW historical core of Callan Park, only 6km from Government to market this unique leasing the Sydney CBD, within the Inner West suburb opportunity at Kirkbride precinct and of Lilyfield. Callan Park is approximately 61 provide specialist advice. hectares of undulating parklands, heritage buildings, and beautiful gardens. The Site is well connected via buses to Sydney CBD and will directly benefit from future transport and infrastructure upgrades in the surrounding area including the future WestConnex and Sydney Metro West, on the doorsteps of Callan Park with a Station planned for White Bay. These upgrades will further enhance the appeal and connectivity of the precinct. KIRKBRIDE PRECINCT 6 PROJECT VISION The NSW Government This presents opportunities The project objectives are is seeking a high-quality for potential tenants to to enter into a leasehold outcome that: demonstrate their vision for agreement for occupation the Site through imagination of the property by a new and innovation, in compliance tenant/s for adaptive reuses Ö Maintains and preserves with the invitation to submit which: the Site and its heritage an EOI. significance; Ö Are consistent with the Ö Delivers value for money; Callan Park (Special and Provisions) Act 2002 No. 139; Ö Brings to life innovative, creative solutions for the Ö At least preserves, but reimagining and use of the ideally improves, the Site and its buildings. heritage condition of the buildings on site; Ö Improves local amenity; Ö Complements the parkland nature of the precinct; Ö Complements the existing users and occupiers within the broader Callan Park precinct; Ö Retains currently publicly accessible areas on site; Ö Achieves financial sustainability on site, including the maintenance of the buildings and associated landscape within the curtilage; Ö Ensures appropriate risk and liability outcomes for the NSW Government; and Ö Completes the agreement efficiently and in accordance with appropriate probity and accountability standards. 7 INFORMATION MEMORANDUM THE OPPORTUNITY The Kirkbride precinct The layout and historical The Kirkbride precinct is presents a rare opportunity significance of the Site located in the historical to breathe new life into creates a focal point of core of Callan Park, circa one of Sydney’s most Callan Park, connecting the 6km from the Sydney historically significant parklands and waterfront. CBD, within the Inner West collections of primarily suburb of Lilyfield. Callan sandstone heritage Park is approximately 61 The Site of circa 10 buildings through adaptive hectares of undulating hectares offers a wide reuse and sensitive parklands, heritage variety of spaces from repurposing. The Kirkbride buildings, and beautiful large open courtyards precinct comprises green spaces. and quadrangles through circa 30 adjoining, to a range of adaptable interconnected buildings internal spaces for large The Site is well connected and adjacent Convalescent gathering and functions, via buses to Sydney CBD Cottages, giving them a classrooms, suites, offices and will directly benefit strong sense of unity. and workshops. The from future transport and circa 30 buildings have a infrastructure upgrades This Expression of Interest total Gross Floor Area of in the surrounding area is for all or part of the approximately 24,000 sqm including the future Site. Current allowable and Net Lettable Area of WestConnex and Sydney uses include tertiary approximately 18,000 sqm, Metro West, that will education, healthcare and/ excluding the Convalescent further enhance the appeal or community use. Cottages. and connectivity of the precinct. KIRKBRIDE PRECINCT 8 9 INFORMATION MEMORANDUM KIRKBRIDE PRECINCT CONTEXT MAP KIRKBRIDE PRECINCT 10 10 11 INFORMATION MEMORANDUM HIGHLIGHTS LOCATION ACCESSIBILITY Ö Future WestConnex – a major motorway and Kirkbride precinct is located The Site benefits from superb roads project with critical in the historical core of Callan accessibility bounded by interchange adjacent to Park, 61 hectares of undulating Wharf Road and Glover Street Callan Park at Rozelle. parkland benefitting from to the West, Balmain Road to WestConnex will improve open green spaces and the south and Manning Street connectivity to two enviable views of Iron Cove. and King George Park to the motorways and improve Callan park is 6km from the east. The Site is well serviced motorway capacity, Sydney CBD, nestled within by key bus routes along with a direct benefit to the suburb of Lilyfield, New Balmain and Victoria Road to communities close to South Wales. Lilyfield is a Sydney CBD and surrounding the WestConnex Rozelle thriving and dynamic suburb suburbs. It is also connected interchange. in the Inner West of Sydney. via the current light rail at just 1.7km from Lilyfield Station/ AMENITY Hawthorne Station and 2.5km REIMAGINE to Leichhardt North Station. The Site is surrounded by The Site’s enviable location numerous desirable amenities presents a unique opportunity including the ‘Bay Run’ (a INFRASTRUCTURE to reimagine this heritage 7km walkway and cycleway The Site is primed to benefit listed precinct as well as circuit hugging the shoreline from some of the most presenting prospects of of Iron Cove, an inlet of significant infrastructure creating a new tertiary Sydney Harbour), Birkenhead upgrades currently being education, healthcare and/ Point Shopping Centre with delivered in Sydney, including: or community precinct for 140 stores including major Sydney. supermarkets, retailers, and Ö Sydney Metro West – a outlet stores of renowned new metro project to local and international brands, connect Sydney CBD with a buzzing local café culture, Parramatta CBD. Sydney a variety of restaurants in Metro West will have a nearby Rozelle and Balmain, new station located at and sports fields and White Bay, less than 2km parklands of Callan Park. to Kirkbride;