Tall & Urban News

Firm Selected to Lead 32-Story Vertical Campus Development in Melbourne

05 November 2018 | Melbourne, Australia

ISPT has been awarded the tender to develop a new 32-story vertical campus in the heart of Melbourne’s CBD. 
 
The 24,000-square-meter campus, known as the Victoria University Precinct, will be a joint venture between ISPT, Victoria University (VU) and the Victorian Department of Education and Training. 
 
The tower will incorporate office and teaching space for key university departments, as well as central administration. 
 
Development approval is already in place for the striking vertical campus building, which has been designed by Daryl Jackson Architects. 
 
The developer will also acquire two other properties from the university as part of the tender, the Former Records Office at 287-295 Queen Street and the Land Titles Office at 247-283 Queen Street. 
 
Both the properties are heritage-listed and will be retained by the developer, as will the new VU Tower, which will be leased back to the university under a 30-year agreement upon completion. 
 
The developer has approximately 134,000 square meters worth of developments under construction in the city, including 271 Spring Street, Australian Unity’s new headquarters, 447 Collins Street, in joint venture with Cbus Property, and 405 Bourke Street, being developed in joint venture with Brookfield. 
 
Construction is expected to commence on the new precinct in 2019, with completion scheduled for 2021. 
 
For more on this story, go to The Urban Developer

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