Lend Lease gets Y4 Docklands go-ahead, while Y3 awaits tenants

Lend Lease gets Y4 Docklands go-ahead, while Y3 awaits tenants
Jonathan ChancellorFebruary 12, 2013

The Victorian planning minister Matthew Guy has approved another $200 million Lend Lease office building proposal within the Victoria Harbour precinct of Melbourne’s Docklands.

Dubbed Y4, the proposal comprises a nine-level building with 34,000 square metres of space on Collins Street, near the impressive ANZ headquarters.

The building includes a central atrium linking Collins Street to the Yarra.

Late last year Mr Guy approved its neighbour, Y3, a $200 million building with 56,000 square metres of office space.

The Australian Financial Review says neither project has yet secured the anchor tenants needed to kick-start construction.

The Bates Smart-designed complex will sit alongside the 21-storey Y3, the Denton Corker Marshall-designed project.

The latest approval is for two towers which allows for multi-tenancy occupation.



Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.