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ISPT Announce Construction Contractor for $200 Million Vertical Campus

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Developer ISPT has announced construction giant Probuild as the head contractor for the upcoming Victoria University City West Tower.

Expected to cost in excess of $200 million, the 24,000sq m campus will be a joint venture between ISPT, Victoria University (VU) and the Victorian Department of Education and Training.

Probuild will now lead the contract after the recent successful delivery of 271 Spring Street, another of ISPT’s developments.

According to Probuild’s Victorian managing director Luke Stambolis, they are excited to re-enter the university sector and take on their first vertical education campus.

“We’re looking forward to adapting our industry-leading expertise in high-rises to suit education needs,” Stambolis said.

“Victoria University is expanding their CBD presence in order to provide industry-best learning spaces and attract the very best students.”

“Probuild is excited to be working alongside ISPT to deliver the next generation in University development.”

Related: ISPT to Develop 32-Storey Vertical Campus in Melbourne's CBD

Probuild has signed the head contract for the design and construction of Victoria University’s City West Tower with developer ISPT, what will be Melbourne’s tallest vertical campus.
Probuild has signed the head contract for the design and construction of Victoria University’s City West Tower with developer ISPT, what will be Melbourne’s tallest vertical campus.Image: Daryl Jackson Architects


ISPT’s senior development manager Jason Lourensz also expressed the developer's excitement to be working with Probuild again and what the campus will do for education in Melbourne’s CBD.

“Once complete, the tower will anchor this burgeoning knowledge precinct and add to the growing portfolio of properties delivered by ISPT as the sole developer and long-term owner,” Lourensz said.

“This project is a key addition to our development workbook and represents an important extension of our investment into the education sector.”

Demolition works on the site are scheduled to commence in December this year with a projected completion date of late 2021 in time for the 2022 academic year.

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Article originally posted at: https://theurbandeveloper.com/articles/ispt-announce-construction-contractor-for-200-million-vertical-campus-