Got that 1990'3 look about it, similar to 150 Collins Street - not the best outcome from a distance. Images © Fender Katsalidis
mo0re interesting streetscapes to follow
PwC opts for Mirvac in Melbourne
Blue chip accounting firm PwC will take up a 17,200 square metre tenancy in a new Mirvac tower in Melbourne, kick-starting a $200 million redevelopment in Southbank overlooking the Yarra River.
The A-grade tower, one of a swag of projects in Mirvac’s burgeoning Melbourne pipeline, is at 2 Riverside Quay, opposite PwC’s home at Freshwater Place, held by Australand and GPT.
For PwC, the move across the road in January 2017 is the final step in resolving its tenancy needs that began when it shifted lodgings in Perth two years ago.
“Melbourne is the last piece of the jigsaw for us. It completes our footprint across the nation,” said Tony Peake, managing partner for finance and operations.
PwC occupies 66,000 square metres across Australia and has taken up new digs in Canberra, Sydney, Newcastle and this week Adelaide. It has also secured new premises in Brisbane.
The 12-year lease will cover 82 per cent of the net lettable area in the new 12-level office building to be built above an eight storey car park.
PwC has signed on for 17,200sqm according to AFR.
Edit: Dang it!
Just looking at the plans i think this is 87m to the top of LMR not 78m. (RL89.6m-2.6m)
Not a bad outcome really. Will certainly bring added life to that spot at least.
Interesting they chose to stay in Southbank though.
How long can those three campus riverfronts hold on for? I have a vague recollection Mirvac owns them all?
i think they do
Looks like they've started work on this one:
^^ well and truly
ISPT swoops on half stake in Mirvac’s Melbourne office tower
Super fund giant ISPT is running due diligence on a half-stake in a new $200 million-plus office tower that Mirvac is developing in Melbourne’s Southbank.
With close to $10 billion in funds under management already, ISPT looks set to add the stake in 2 Riverside Quay to its core fund on a fund-through arrangement, according to market sources.
If finalised as expected, the deal could be struck on an initial yield somewhere above 6 per cent. And it comes just as Mirvac prepares to close a tenancy deal with blue-chip accounting firm PwC.
Under that arrangement, PwC will take up 17,200 square metres, or more than 80 per cent, of the new A-grade tower.
The tenancy, which is opposite PwC’s present home at Freshwater Place, helped kick-start the 12-storey project Mirvac is building above an eight-level car park on the site.
'twas the best vantage point for watching Eureka and Freshwater Place's construction all those years ago.
AFR image with PwC logo
Piling is now underway, fresh pics this week.
Nothing exciting but here's another:
Crane base in:
Crane went up over the weekend: