PDG Secures Southbank Deal with City of Melbourne


Melbourne based PDG Corporation has secured another agreement with the City of Melbourne, the latest project will see a mixed-use 110-metre development delivered in Southbank.

The land sale and development agreement, which covers a parcel of land at 132 Kavanagh Street, will comprise residential and affordable housing, a boutique hotel, and retail and community facilities.

The City of Melbourne accepted privately owned PDG’s offer of $16.5 million payment and agreement to deliver 1000sq m of community space, following a tender process for the land sale and development.

The developer, led by managing director Vince Giuliano, is already working with council on the $450 million Munro development, which includes Melbourne's first build-to-rent complex, opposite the Queen Victoria Market.

PDG Corporation City of Melbourne. Southbank. 132 Kavanagh Street
▲ Southbank's new $200 million project. Artist impression for 132 Kavanagh Street. Supplied.

The latest South Bank deal marks the final component in the revitalisation of the former J H Boyd Girl’s school site.

Giuliano said a build-to-rent component was also a possibility for the Boyd development and “hadn’t been ruled out”.

“Our vision is a true vertical village on the park, high-quality residences, affordable housing, fine-grain retail and community facilities,” Giuliano said.

“It’s not often you get an opportunity to develop in a location like this.

“There are no adjoining high-rise buildings and an abundance of green open space.”

Related: Melbourne CBD German Club Approved for 23-Storey Tower

Southbank 132 Kavanagh Street.
▲ Plans for the site include a 32-storey tower, a boutique hotel, 176 apartments and 40 affordable housing units.

City of Melbourne lord mayor Sally Capp said the development will include 1,000sq m of community facilities across two levels, which will be owned and managed by the City of Melbourne.

“This will expand community services alongside our well-used Boyd Community Hub,” Capp said.

Construction on the development is expected to begin late next year subject to approvals, with completion slated for 2022.

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