Co-working group Hub Australia has committed to the largest co-working facility yet in Melbourne in a deal brokered by Savills Director of Office Leasing Phillip Cullity.
The group has committed to 3900 square metres over ten years at the iconic 696 Bourke Street, Mail Exchange building, across two levels interlinked by a staircase.
Mr Cullity said the building’s heritage, enormous ceiling heights and a complete refurbishment of the building, were the drawcards to securing the lease.
The Beaux Arts inspired building which originally housed Melbourne’s GPO was also the first home of Melbourne’s famous surveyor, responsible for the CBD grid, John Hoddle.
"It’s totally unique on every level and when you take into account the superb location opposite Southern Cross station it’s going to be very attractive to companies looking to grow their business in Melbourne’s CBD and from that point of view it’s quite an astute leasing decision,’’ Mr Cullity said.
Mr Cullity said the space reflected the Hub’s highly regarded position within the co-working market sector which had emerged as a force in recent times within the CBD.
"We have seen this sector of the market really mature in the last 24 months and the Hub has been at the forefront as this deal would suggest,’’ Mr Cullity said.
Hub Australia is Australia’s largest co-working community and operates across Melbourne, Sydney and Adelaide. Hub is a subsidiary of Third Spaces Group, founded by Brad Krauskopf.