John Holland is commencing construction on a new Melbourne office tower in a quid pro quo deal with property group Dexus, who will welcome the builder as an anchor tenant once the tower is complete.
John Holland has taken a long-term lease for 7,700 square metres at the new building – dubbed Flindersgate – at 180 Flinders Street, Melbourne.
The development will span a total area of circa 20,100 square metres of office space and retail amenity, including 12,100 square metres of A-Grade office space over the existing public carpark and the refurbishment of the existing buildings at 189 Flinders Lane (3,700 square metres) and 180 Flinders Street (3,700 square metres).
The building is due for expected completion in 2020 after construction commences this month.
180 Flinders Street is centrally located opposite Federation Square, in close proximity to Flinders Street Station and is set to benefit from the Melbourne Metro.
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The SJB Architect-designed 10-storey tower will incorporate extensive refurbishment of the existing heritage offices, with sweeping views overlooking Federation Square and the Botanic Gardens.
Of the remaining space, the variety of floor plates on offer, ranging from 500 square metres up to 2,400 square metres, will enable Dexus to attract multiple customer types.
John Holland executive general manager David Lehmann said the construction business was adding about 100 new employees every month with their employees looking to enjoy the benefits of the building and its location.
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John Holland will commence its lease term from practical completion of the first stage of the development in August 2020.
The development is targeting 5 star NABERS Energy and Green Star Design and as Built ratings.