Treasury Wine Estates is making its new headquarters in the newly refurbished Collins Street T&G Building, owned by international real estate developer Pembroke.
The global wine company, which will occupy levels eight and nine, is the most recent addition to the now 100 per cent leased building located at the “Paris End” of Collins Street.
Vice president and Pembroke’s head of Australia Matthew Knight said the newly refurbished 43,000sq m building, which offers 10 levels of A-Grade office space, has been carefully restored.
“Our goal was to deliver more than just a workplace. As an international real estate business we’ve drawn upon our team’s global expertise and the in-depth local knowledge of our partners to create a sophisticated offering."
Knight believes the building’s large floor plates, up to 4000sq m, offer a unique point of difference to tenants.
“Now more than just a workspace, it’s a thoughtfully curated business community.”
Knight said the group view Melbourne as a strong city with solid drivers for long term growth.
Pembroke originally acquired the Collins Street building for $275 million in 2015 from German fund manager SachsenFonds and the Liberman family.
The Collins Street building blends retail and workspace with the likes of luxury retailers Versace, Gucci and Bottega Veneta’s flagship stores joining the office tenants.
Part of the Pembroke building's major refurbishment, originally constructed in 1928, includes a building services review which will see it aim for a 4.0 star NABERS Energy rating.
The renewed 161 Collins Street offers dual entrances with access to Collins Street, and the newly-pedestrianised Ramsden Place adding to Melbourne’s lane-way culture.
Architect Bates Smart was at the helm of the refurbishment.
“The signature space is the central atrium which creates a semi-private oasis; a true atmospheric destination for people to gather, relax and engage, bathed in soft natural light,” Bates Smart studio director Tim Leslie said.