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DOCKLANDS | 311 Spencer Street | 171m | 39L | Commercial

Mark Baljak's picture
#1

Looks like the taller version is a lock

Spencer Street turns into crime-fighting precinct

Spencer Street is set to become the crime-fighting centre of Melbourne with the state government agreeing leasing terms for a major new office tower next to the current City West police headquarters.

The Andrews government is expected within weeks to ratify a deal that will see super fund-backed developer Cbus Property deliver a new tower to house three elite law enforcement units.

Cbus owns a site at 311 Spencer Street in conjunction with Australia Post where it will build the multi-storey complex to house 65,000 square metres of gross leasing area.

Final details of the agreement were hammered out in late October, industry sources say.

The proposed building on Australia Post's old city mail sorting exchange is next door to the fortified $240 million City West Police Complex that Cbus built for Victoria's police force.

A large contingent of police personnel is expected to move into the building when the lease expires in 2020 at the World Trade Centre complex in Flinders Street.

They will be joined by the Australian Federal Police, who are moving out of a building at 383 La Trobe Street where Planning Minister Richard Wynne this week gave approval for a 70-level apartment skyscraper.

Some floors in the new police building will be devoted to the Australian Crime Commission, which currently occupies a Dexus-owned office at 452 Flinders Street.

The amalgamation of the high-profile list of A-grade government tenants into one office tower will make it a highly sought after asset if Cbus decides to offload the building, or a portion of it, to fund the development.

http://www.theage.com.au/business/property/spencer-street-turns-into-cri...

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Michael Berquez's picture

This is good....and good for the future of 383 La Trobe

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3000's picture

One of the largest office towers in a while.

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Mark Baljak's picture

Blast-proof police tower for Melbourne CBD

A new blast-proof and ram raid-proof tower in Melbourne CBD will be Victoria Police's "nerve centre" when construction finishes in 2020.

Victoria Police Minister Lisa Neville said the headquarters at 311 Spencer Street will be next door to City West Police complex, housing 2500 police over 39 storeys. Their current lease at World Trade Centre expires in 2020.

"It is the first purpose-built police headquarters since the 1940s," Ms Neville said.

"Where the police are currently based, it is across three buildings, it doesn't have the security measures that we know need to be in place to protect both the police and the community."

It is partially inspired by New York's 1 Police Plaza headquarters.

Construction on the CBUS Property and Australia Post project will start in 2017.

http://www.theage.com.au/victoria/blastproof-police-tower-for-melbourne-...

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Qantas743's picture

Excellent. Looking forward to a nice little canyon forming on Spencer Street with WSP and Premier across the road!

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Qantas743's picture

Probuild have this one. Construction commencing mid-May.

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Mark Baljak's picture

Australia Post weighs exit from $800m tower project with Cbus

A stake in the near $800 million ultra-modern complex being developed by Australia Post and superannuation fund-backed Cbus Property that is designed to serve as Melbourne’s new police headquarters could emerge as the next major test of the city’s office market.

Australia Post could weigh an exit from the project at 311 Spencer Street, as the demand for office towers surges and the group is not seen as a long-term office tower owner.

While any such move is yet to be confirmed by the parties involved, the asset would likely set a new market benchmark, reflecting the bond-like nature of the 30-year rental stream to be paid by the state government in the planned 65,000sq m tower.

Few such assets have been traded in recent times with the new ANZ complex being developed by Lend Lease in the Docklands the closest comparison. It sold to Challenger and Invesco on a yield of close to 5 per cent for $430m.

Funds group AXA Investment Managers is believed to be involved, prompting speculation that offshore groups would chase the asset. The group’s local unit, operating as Eureka-Real Assets, has advised Australia Post on property strategies and boasts a deep global client line-up.

However, the group refused to comment yesterday, as did the post office.

The Victorian government announced plans for the police hub last December with the building compared with New York’s 1 Police Plaza at the time.

The secure 39-storey complex will house about 2500 police and be Victoria’s first purpose-built headquarters since the 1940s.

The new Victoria Police Centre will be next door to the City West Police Complex that opened in 2015 and near the Melbourne Assessment Prison and courts.

Australia Post and Cbus Property are developing the vacant site under the Andrews government’s market-led proposals process.

The builder, Probuild, expects to begin site works mid-May, with work expected to be completed by the end of 2019.

http://www.theaustralian.com.au/business/property/australia-post-weighs-...

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Riddlz's picture





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3000's picture

Oh no!
A sky bridge is connecting two privately owned towers :( someone better write a long, pointless rant about it.
I don't mind the design. Good to see some office towers going for height. The cbd is really shifting down this way.

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SYmlb's picture

I really like it. Hoping it means the DFO site will be developed sooner rather than later, and this project should liven things up a bit along with WSP and Premier.

Will go from one of the worst parts of town to one of the better.

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Mark Baljak's picture

Site currently subject to a separate planning app for demo/excavation with CoM so will be behind schedule considering May was the nominated start date

Oversize police HQ is OK: Lord Mayor

Melbourne's Lord Mayor Robert Doyle has strongly backed the first city office tower proposal – the new Victoria Police Centre – to take advantage of new rules allowing extra development in return for a public benefit.

The 65,000-square-metre tower on Spencer Street, proposed by super fund developer Cbus Property, will exceed strict limits on CBD development brought in last year by the state government.

Those rules set a plot ratio of 18:1 that limit the density of development on city sites.

But the new rules also include a mechanism that enables developers to exceed the ratio if their project includes a public benefit, an initiative used in other cities around the world.

That could include social housing, a childcare centre, public space or, ironically, more office space.

The new police centre proposal – which will be home to both Victorian and federal police - has a plot ratio of almost 22:1.

It will rise 39-storeys, about 156 metres, next to a smaller city police station also developed by Cbus Property on the former Australia Post site.

While final approval for the new tower rests with the state government, Melbourne city council is also set to recommend the plan at a meeting next week.

Read more: http://www.afr.com/real-estate/oversize-police-hq-is-ok-lord-mayor-20170...

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Dean's picture

It'll be 171m but anayway.

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redden's picture

worzil posted on SSC that Delta had started work.

Another major tower, as the feast continues. When I read worzil's post, I thought, "What demo?" Of course, I'd forgotten that the ground floor slab of the Aust. Post building was still intact. Anyway, Delta look like making short work of it, with the SW corner already a heap of rubble. There seems to be rear access to the site, but not sure how it connects to public roads.

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Mark Baljak's picture

Cbus gets green light for $600m police headquarters

Super fund Cbus Property has gained approval to build Victoria's new police headquarters, a $600 million-plus project that is the first to take advantage of new "public benefit" planning rules.

The 39-storey tower will rise next door to a smaller police station that Cbus Property has already developed on Spencer Street, at the western end of Melbourne's CBD.

The emerging policing hub is opposite the state's assessment prison and is said to be inspired by New York's 1 Police Plaza.

The 65,000-square-metre tower will become state's first purpose-built headquarters in more than half a century.

"The way our authorities fight crime is changing, and we're giving them the modern tools and resources they need," Planning Minister Richard Wynne said.

"This project ticks all the boxes. It's in keeping with our planning controls and it's a big benefit to the state of Victoria."

The new project, which was also endorsed by the city council, will exceed strict limits on CBD development brought in last year by the state government.

Read more: http://www.afr.com/real-estate/cbus-gets-green-light-for-600m-police-hea...

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redden's picture

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Mark Baljak's picture

Australia Post exits Melbourne tower set to host Victoria Police HQ

Australia Post has sold out of a Melbourne skyscraper development that will become the Victorian police force’s new headquarters, in a $347.8 million deal that will provide a major fillip for the corporation as it overhauls its operations.

The group sold its stake to Singapore-listed Keppel REIT which will take a 50 per cent interest in the premium office tower being developed at 311 Spencer Street in Melbourne.

The offshore trust will pay $347.8m with Australia Post to walk away with a net sum of about $140m that it will pour into modernising its network.

The news comes just after Blackmores head Christine Holgate was appointed as the new Australia Post boss, replacing her more highly-paid predecessor, Ahmed Fahour.

http://www.theaustralian.com.au/business/property/australia-post-exits-m...

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redden's picture

With site clearance apparently complete, they've gone straight into construction, with a piler and lots of excavation. This project must have broken records, from conception to construction. Helps to have heavyweights behind you (eat your heart out, Queens Place).

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redden's picture

Why have they created this concrete structure on the Spencer Street frontage? Support a gantry?

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Mark Baljak's picture

Normally they do that to create a platform for loading/delivery and excavate the basement underneath - takes the deliveries off Spencer Street.

Can't say I've seen it stepped before like that - maybe it's something else?

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3000's picture

Hope they give the glass a good treatment or some of those apartments will have a great view of the next generation of crime fighting lol

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redden's picture

Thanks Mark, that's the answer I got from Skyrise85 and HenryX too. They didn't comment on the stepped aspect.
http://www.skyscrapercity.com/showthread.php?t=1945900&page=4

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redden's picture

Further to the above, Skyrise85 has amplified his post with the following, "A screed is going over the top to level it to form a ramp".
http://www.skyscrapercity.com/showthread.php?t=1945900&page=5

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Development & Planning

Thursday, August 17, 2017 - 12:00
The City of Melbourne's Future (Planning) Committee this week resolved to issue conditional approval for a 10-storey building at 1071-1081 Hoddle Street in East Melbourne. The building would rise to a height of 31.54m and accommodate 26 apartments on a triangular shaped site with a total area of 311 sqm.

Policy, Culture & Opinion

Wednesday, August 9, 2017 - 12:00
Carolyn Whitzman , University of Melbourne Liveability is an increasingly important goal of Australian planning policy. And creating cities where residents can get to most of the services they need within 20 to 30 minutes has been proposed, at both federal and state level, as a key liveability-related mechanism.

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Thursday, August 17, 2017 - 07:15
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