The tower is central to the city’s three main activities districts –the CBD, Docklands and Southbank.
Designed as a joint venture between Spowers Architects and Cox Architects, with construction by Leighton Contractors, the project is looking to be the largest PCA Premium Grade tower constructed in Melbourne within the past 25 years, offering 55,000 square metres of net-lettable space within the 3,942 square metre site.
567 Collins Street is a 26 level tower with a 74 metre frontage along at the Western end of Collins Street. Designed by architects Spowers Cox using a combination of elegant finishes and 15 metre colonnades to frame the new CBD civic space.
The front facade exhibits stylish asymmetric panels of windows, offering many floors with panoramic views of the city skyline. The tower remains eye-catching, despite its minimalist design, using its size to its advantage.
Similarly, the building incorporates a 16 metre high entrance, leading into a 6 metre high foyer. The foyer features a lobby, cafe and retail area, 7 levels of podium campus office and 16 levels of office space in the upper tower.
The ground plane forecourt, named ‘The Grid’, will provide street access to cafes, restaurants and convenience retail, as well as a state-of-the-art Virgin Active Health Club on levels 1 and 2 including a 25 metre pool, aqua lounge and sauna.
The Grid has been designed as a laneway forecourt purpose-built to the specifications of Melbourne’s historic laneways.
Investa Office Fund (IOF)
and Investa Commercial Property Fund (ICOF) acquired 567 Collins Street for over $450 million in early 2013, making it the one of the most valuable tower to rise in Melbourne’s CBD since the credit crisis.
IOF and ICOF currently share an equal ownership of the development.
Leighton Properties Managing Director Mark Gray
said “567 Collins Street is creating overall shareholder value by leveraging the Leighton Groups core competencies in development and construction to create a five star premium building for Melbourne.
We moved quickly late  to unlock the sites potential by redesigning the project to meet market occupancy requirements as well as to accommodate the Leighton tenancy, which was a key factor in attracting IOF and ICPF.”
Leighton Contractors have a major 12,700 square metre lease and will occupy the tower with leading law firm Corrs Chambers Westgarth who signed a lease in late 2012 for 8,800 square metre of the building’s skyrise.
The developers of the project aim to use the latest technology to minimise water usage, improve indoor air quality and efficiency.
Accordingly, the building will have a 100 per cent fresh air under-floor air distribution system, 100 per cent standby power generation, energy efficient lighting and state-of-the-art building management systems.
To promote sustainable transport initiatives, the building will incorporate a range of Environmentally Sustainable Development features with extensive end-of-trip facilities and secure bike parking available to be available to tenants.
The development is targeting a 5 Star Green Star - Office Design v3rating and 5 Star NABERS Energy rating.
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Charlotte Stratton, Leighton Properties General Manager, Commercial Development
said: “With 73 per cent of the building now pre-committed to leading companies from various industries, 567 Collins Street has cemented its reputation as a building of choice for Melbourne’s leading corporate occupiers.”