Hub Australia takes 3,900 sqm lease at Melbourne's Mail Exchange

Co-working group Hub Australia has committed to a 3,900 square metre co-working facility in Melbourne in a deal brokered by Savills.

The group has committed to the facility over 10 years at the historic 696 Bourke Street, Mail Exchange building, across two levels interlinked by a staircase.

Savills' Phillip Cullity, who brokered the deal, said the building’s heritage, enormous ceiling heights and its refurbishment were the drawcards to securing the lease. Financial details of the lease were not disclosed.

The Beaux Arts inspired building, which originally housed Melbourne’s GPO, was also the first home of Melbourne’s famous surveyor, responsible for the CBD grid, John Hoddle.

"It’s totally unique on every level and when you take into account the superb location opposite Southern Cross station it’s going to be very attractive to companies looking to grow their business in Melbourne’s CBD and from that point of view it’s quite an astute leasing decision,’’ Cullity said.

Hub Australia is Australia’s largest co-working community and operates across Melbourne, Sydney and Adelaide. Hub is a subsidiary of Third Spaces Group, founded by Brad Krauskopf.