Melbourne Quarter Tower Nears Completion

The first tower in Lendlease's Melbourne Quarter development has topped out, two months after the property giant was given the green light to develop their third and final tower in the $1.9 billion precinct.

One of seven commercial and residential buildings planned for the development, the building topped-out at 13-storeys and is on track for a September 2018 completion date.

The building is owned by the Lendlease-managed Australian Prime Property Fund Commercial and will accommodate 2,500 employees from AMP, Arup and Lendlease.

Lendlease signed a major tenancy agreement with wealth manager AMP in October. AMP will lease 9,720sq m of the 26,400sq m of available space in the 13-storey tower.

“The commitment from future tenants AMP, Arup and Lendlease plays an important role in shaping the precinct’s future corporate community and identity,” Lendlease managing director Mark Menhinnitt said.

The Melbourne Quarter precinct was awarded a 6 Star Green Star rating from the Green Building Council of Australia – the highest sustainability rating available in Australia.

Related reading: Lendlease Shakes Hands with Mitsubishi Estate to Deliver Melbourne Quarter

In addition to 130,000sq m of office area for more than 12,000 employees, Melbourne Quarter will deliver 1,690 apartments and 4,000sq m of retail space. More than 50 percent of the Melbourne Quarter precinct will be public space.

As One Melbourne Quarter reaches completion, Lendlease will now look to the construction progress of the development’s next addition, “Two Melbourne Quarter”, which received planning approval at the end of 2017.

Two Melbourne Quarter, a 25-storey office tower at 697 Collins Street, will feature 49,000sq m of total office space, sufficient to accommodate about 4,500 new workers and 800sq m of ground floor retail space.