Westpac Banking Corporation – Review of Retail Refurbishment Capital Works Programme
MJ Wood Management was engaged by property managers Spectrum Partners to evaluate the efficiency of the Westpac’s capital works programme for their national retail branch network.
Following a series of interviews with key stakeholders and a thorough review of project and financial documentation, MJ Wood Management prepared an evaluation report complete with a suite of recommendations required to reduce both cost and time of project delivery.
These recommendations were subsequently endorsed and implemented by the senior management of Westpac Property Services, resulting in an estimated reduction of ten per cent to the annual capital cost for these works.
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MJ Wood Management prepared a comprehensive report, outlining a suite of initiatives required to reduce the cost and time of delivery of future works across the country.
These initiatives were subsequently implemented by Westpac and Investa Property Group.