The creation of a new head office in Harare enables Stanbic Bank Zimbabwe to consolidate its administrative operations into one parkland site in Borrowdale. The development aims to embrace the bank’s bold strategy for sustainability and employee wellness.
KEY INFORMATION
Location: Harare, Zimbabwe
Date started: 2022
Completion date: ongoing
Client type: real estate
Main capabilities: cost and commercial management, project management
Combing sustainability and innovation with energy consumption management
The 10,000m2 Stanbic Bank Head Office development, once complete, will comprise open-plan offices, a gym, dining facilities, a private banking suite, a client centre and an auditorium. The project includes innovative approaches to waste management, construction materials and water recycling, plus energy consumption management - using solar and battery systems to reduce peak energy demands.
This project is one of a handful of commercial builds in southern Africa that combines Green Star certification (with both Green Star South Africa and Green Star Zimbabwe engaged) and the International WELL Building Institute’s certification, in addition to supporting the client’s 2030 net-zero objectives.
Ensuring cost transparency and value
Supplying cost and commercial management, as well as project management services, our Harare and Johannesburg teams have been instrumental in providing full financial transparency on environmental design initiatives. This includes analysing cost data to assist the business case in regard to materials selection, PV installation and landscaping. We have been actively involved in developing solutions to achieve the project’s sustainability targets from the briefing stage through to design, procurement and construction.
Committing to the local economy
The procurement process aims to drive as much local spending and local job creation as possible. A minimum of 20 percent of the contract value is to be sourced within 400km of the site.
Once complete, the building will achieve the first Green Star office rating in Zimbabwe. The project’s ambitions also include exceeding Green Star certification through the development of a totally net-zero building, including the tenant’s energy use.
Tafadzwa Mahachi, Chief Financial Officer, Stanbic Bank Zimbabwe, said:
We are delighted to embark on the construction of our new Head Office in collaboration with Turner & Townsend, a partnership that underscores our commitment to excellence.
"This environmentally conscious project aligns with our dedication to sustainability, while also prioritising employee wellness through thoughtful design. We eagerly anticipate a workspace that not only reflects our values but also nurtures the health and productivity of our team members."
