Office Tenants Quick to Snatch up Collins Arch Space in Melbourne

Posted on Friday, May 26, 2017
Melbourne, Australia

The mixed-used development at Melbourne’s 447 Collins Street has added commitments from three major legal firms to its office space within 12 months of commencing its leasing campaign.

King & Wood Mallesons was the first to commit, securing 8,345 square meters, and was quickly followed by HWL Ebsworth Lawyers for 6,500 square meters across three levels and Gadens for 5,000 square meters across two-and-a-half levels.

Gadens CEO Grant Scott-Hayward said moving into 447 Collins Street was a significant step toward the company’s future, demonstrating its commitment to being “a pre-eminent and independent Australian law firm.”

Sole leasing agent Colliers International is seeking other top-tier financial-sector tenants to fill the vacancies, as 447 Collins Street is currently 60 percent leased.

“We have only four low-rise floors and three high-rise floors left to offer,” Colliers International’s Andrew Beasley said.

The tower also contains a residential component marketed as Collins Arch, which comprises 202 luxury one-, two- and, three-bedroom apartments positioned across the building’s highest floors and oriented to maximize panoramic views of the city.

The development’s defining feature, the sky bridge, will house the residential amenities, including a statement pool with views from the 34th floor to the city below, a gym, wine cellars, residents’ lounge and two private dining rooms with a catering kitchen.

“The idea of a city-within-a-city drove the design – we wanted to create a new amenity for Melbourne that will be an amazing place to live, work or play,” SHoP Architects principal William Sharples said. Construction on 447 Collins Street has commenced and completion is anticipated for late 2019.

For more on this story, go to The Urban Developer.

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