Commercial development on the rise in the south east

Commercial development on the rise in the south east
Commercial development on the rise in the south east

To be more specific, Mulgrave in Melbourne's South East is experiencing somewhat of a commercial office space surge with a handful of projects currently under construction. With well established credentials as home to in excess of 300,000sqm of office space, Mulgrave and to a lesser extent adjoining Mount Waverley continue to expand at pace.

Largest of the current crop is Australand and Commercial & Industrial Property's 211 Wellington Road in Mulgrave which is well into construction of its first phase. A five star NABERS rated, seven-level office building valued at $62.6 million is under development alongside a multi-level 650 bay car park.

Commercial development on the rise in the south east
The first phase of 211 Wellington Road. Renders courtesy Colliers

With a lettable area of 12,718sqm, the under construction office building covers a fraction of the 10,930sqm development site which is expected to see additional commercial buildings delivered in due course. Monash University have elected to take 7,825sqm within the initial office building that has an expected completion date of early 2016.

In addition, last week's AFR reported that Mazda Australia will commit to its new Australian headquarters at the facility. Covering 6710sqm, the development is also seen above and represents the next phase of 211 Wellington Road which may yield in excess of 40,000sqm of lettable space upon completion.

Nearby and construction has begun on 545 Blackburn Road, the follow-up to Fortune Building's initial 549 Blackburn Road office project which is now headquarters to business solutions company, Pentana Solutions.

Commercial development on the rise in the south east
Under construction. Image courtesy 545blackburn.com.au

The new accommodation, seen above, will hold 7,400sqm of commercial office space above a basement catering for in excess of 330 vehicles. As has become the norm with many commercial developments citywide, end of trip facilities have been designed into the building, as has been a ground level cafe and rooftop recreation area.

Rounding out the trio of current builds is Salta Properties ever expanding Nexus Corporate development. The recently completed nine level car park/office structure has been replaced by another build, namely a new corporate office complex at the north east corner of the development site.

Commercial development on the rise in the south east
Nexus' most recent and upcoming. Render courtesy Colliers

The 4.5-star NABERS rated building under construction will not be the last for Nexus Corporate either with Salta holding the adjoining 2-22 McDonalds Lane. With a site are aof approximately 15,000sqm, the development plan shows the potential for 14 separate buildings within the precinct, as opposed to the six currently completed.

The redevelopment of the remaining plots is a long term prospect, given the existing buildings are leased.

Commercial development on the rise in the south east
Development plan. Image courtesy nexuscorporate.com.au/

Mark Baljak

Mark Baljak

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Mulgrave Mount Waverley Commercial

Comments (5)

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Llib
I agree however in this case at least the location of the precinct creates some counter peak traffic on the Monash and arterials while the Eastlnk is well below capacity. I would hope for the Rowville extension to go ahead and even light rail on Springvale Rd but even if these kinds of projects do go ahead it will take many years probably more than 10 and I am sure many local residents will be against these kinds of public transport projects.
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tayser
^ which then puts pressure on Governments every 5-10 years to spend a billion dollars on widening the Monash Freeway. Rinse. Repeat. At some point, bull must be grabbed by the horns and alternatives created.
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Aussie Steve's picture
Should we be permitting more of this office park development? Why can't we encourage this at Moorabbin, Dandenong, Frankston, Glen Waverley where there is excellent public transport and existing commercial activity?
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Llib
It not a good location for public transport however in terms of roads at least it can reduce commute distances for people living in the South East.
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tayser
Fun facts: 211 Wellington Road, approx 500m from Mulgrave station in the Rowville Rail study. Nexus Corporate: roughly 600-700m from the Mulgrave station.
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