5 key challenges of managing iconic older assets in a modern CBD
Sydney’s CBD is home to some of the city’s most iconic buildings. Grand facades, heritage interiors and landmark addresses give these assets real character. But behind the charm sits a complex reality. Managing older properties in a fast-moving city brings challenges that modern towers rarely face. For teams handling building management, here are five broad issues that define the task today. 1. Balancing heritage with modern performance Older buildings were not designed for today’s energy standards, digital systems or tenant expectations. Managers must upgrade services like HVAC, lighting and access control without damaging heritage features. The challenge is to lift comfort and efficiency while preserving what makes the asset iconic. 2. Developer accountability for ageing structures Many CBD buildings have changed hands multiple times. When defects appear, questions arise around who is responsible. Was it original construction...