Brookfield Properties has reached practical completion on its $2 billion Brookfield Place, office and retail development at Wynyard in the CBD.
Over nine years in the development, Brookfield Place has transformed the once-neglected Wynyard precinct into a modernised transportation hub, with premium-grade office facilities, multiple levels of retail and a revitalised Carrington Street.
It will soon welcome anchor tenants NAB, Allianz and Brookfield, alongside Hub Moelis Australia with a swath of new retailers, including a flagship store for leisure and active-wear group Lululemon. CBRE’s Leif Olsen advised on the retail leasing.
Carl Schibrowski, Brookfield Properties executive vice-president and co-head, said the building was designed by MAKE and Architectus and constructed by Multiplex, who overcame many complexities and challenges to deliver the assets in the middle of a pandemic.
“The commercial tower is now over 90 per cent leased, our retail is over 80 per cent committed, and by working in deep collaboration with Transport for NSW, we have delivered an outstanding new arrival experience for the about 120,000 commuters who pass through Wynyard every day,” he said.
Charter Hall Group has turned the first sod on its $1.5 billion 555 Collins Street, Melbourne precinct, which will be the new head office for Amazon Australia.
It is owned by the Charter Hall-managed Prime Office Fund and is billed as the largest commercial development in Melbourne’s CBD. Stage 1 of 555 Collins Street will comprise a $750 million, 48,000 square metre premium grade office tower on the corner of Collins Street and King Street.
The Stage 2 office tower will comprise 32,000 sq m. The ground area will connect into Melbourne’s midtown, providing a premium food and beverage hub and in the new post-COVID-19 era, the office space will focus on health and wellbeing for workers.
Charter Hall CEO David Harrison said the towers will accommodate up to 7500 CBD workers and the design will respond to the new COVID-19 operating environment, with next-generation smart building technology that monitors air quality and touchless amenities.
“The landmark development will add to the vibrancy of Melbourne’s CBD and provide a state-of-the-art, future-ready workplace to valued organisations like Amazon,” he said.
The Australasian Real Estate Conference (AREC) will draw upon 43 speakers from overseas and around Australia in a program that combines three key industry specific streams – residential sales, property management and mortgage broking – at the one event.
The two-day conference, which returns for the ninth year to the Gold Coast Convention and Exhibition Centre, is on May 30-31. AREC founder John McGrath said the response to date has been very strong as there appeared to be a resounding desire for industry participants to get back into a live-learning environment.
“Despite most markets in Australasia being buoyant at present, we are getting a huge cross-section of agents wanting to sharpen their tools and attend the event,” he said.
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