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Holmes Award for Best Heritage Development

This award recognises innovation excellence in heritage related development or adaptive reuse projects. The award recognises outstanding conservation projects, adaptive reuse of existing buildings/sites or high-quality infill development within a historic context.

Eligible heritage projects must be listed on a local, state or national or world heritage register. Projects involving the renewal of historic precincts that are listed or contain listed buildings are also eligible.

Eligible entrants will be projects, developments or refurbishments that have been completed by 31 December 2022 (completed in the past 5 years) and have been operating for at least one year as at 31 December 2023 and have not previously won the award.

The award is open to members of the Property Council of Australia only. The nominator or owner of the entry must be the member.

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2024 Winner

Capella Sydney (NSW)

Capella Sydney, emerges from a meticulous seven-year restoration of the former Department of Education building, seamlessly blending classic architecture with contemporary elegance. This heritage-listed icon sets a global standard for hospitality, dining, and cultural fusion, offering 192 rooms and vibrant communal spaces for a transcendent experience amid Australia’s rich panorama.

2024 Finalists

25 Martin Place Retail Development - NSW

Nominated by Dexus

Owned by Dexus

The $170m development of 25 Martin Place has reinvigorated this iconic building through the refurbishment of the historical Theatre Royal, the addition of over 6,000 sqm of retail and the creation of a thriving dining precinct, cementing it as the preeminent destination for luxury retail, dining and entertainment in Sydney.

Her Majesty's Theatre Redevelopment - SA

Nominated by Cox Architecture

Owned by Adelaide Festival Centre Trust

Her Majesty’s Theatre is the embodiment of achieving best practice adaptive reuse design paired with exceptional built outcomes. The public acclaim to date, and successful performances, point to a significant uplift in the performing arts and cultural life for South Australia and installs the next chapter in the HMT legacy.

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2023 Winner

Locomotive Workshop, South Eveleigh

The revitalization of the iconic Locomotive Workshops has delivered a unique new workplace, culture and heritage hub for Sydney. With the design philosophy focused upon creating a great urban experience, the Locomotive Workshops will become a new destination, making a positive contribution to Sydney and its rich heritage.