Trinity College commit to lease new campus in Melbourne CBD

Trinity College at the University of Melbourne is set to open a new CBD campus at 611 Elizabeth Street.

Stage 1 of PDG’s new 70,000sqm redevelopment project is now 100% leased following this commitment.

Colliers International’s Edward Knowles and Michael Darvell negotiated the new 10-year lease to Trinity College for 9,500sqm in Stage One of PDG’s Elizabeth Street project.

Mr Knowles said Trinity College would share the newly developed site with Melbourne City Toyota in Stage 1 of the 611 Elizabeth Street project, which consists of a 20,000sqm new building.

Situated above the heritage building will sit a new vertical campus, designed by architects Gray Puksand.

The 7,000 sqm site at 611 Elizabeth Street is owned by PDG across Stages 1 and 2.

“It is primed to become Melbourne’s newest education and bio-medical precinct, with three towers offering circa 70,000sqm of commercial buildings due for construction by mid-2022,” Mr Darvell said.

“We are delighted to be partnering with Trinity College in developing its state-of-the-art teaching campus in the heart of Melbourne’s Education and Biomedical Hub,” Sebastian Mahoney, Development Director at PDG, said.

Mr Mahoney said construction is targeted to commence in the coming months.