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DOCKLANDS | 839 Collins Street | 21L | Commercial

Ryan Seychell's picture
#1

839 Collins Street, Victoria Harbour, Docklands.

Lend Lease currently searching for tenants to fill the building.

 

Screen shots:

 

Video from Flood Slicer (view in full screen)

 

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Nicholas Harrison's picture

This one has 21 levels in total and will be 92.54m high.

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Mark Baljak's picture

no more commercial tower?

Jerry Schwartz issues ultimatum to Lend Lease over Victoria Harbour

Hotel mogul Jerry Schwartz has thrown down the gauntlet to Lend Lease, declaring that if the development behemoth takes its proposed Victoria Harbour apartment and hotel complex to the open market, he will withdraw from bidding.

Dr Schwartz, Australia’s largest private hotelier, bought the International Convention Centre hotel in Sydney’s Darling Harbour from Lend Lease for $360 million last year and argues that because he has a strong relationship with the company, it should deal exclusively with his three-member consortium on Victoria Harbour, which is proposed for a prime waterfront site in Melbourne’s Docklands.

“I have worked with Lend Lease, I am working with Lend Lease, I would have thought our good working relationship could be utilised,” Dr Schwartz said.

But it appears Lend Lease is not listening.

Although behind-the-scenes negotiations with Dr Schwartz’s consortium have been proceeding for several months, Lend Lease yesterday moved to put the entire hotel and apartment block, valued at up to $250m, on the open market through Savills managing director Michael Simpson.

And despite Dr Schwartz’s comments, it appears his consortium, which also comprises hotel consultant Harold Dakin and a third unidentified member, will proceed with the bidding.

Mr Dakin said the consortium would proceed with the bid and looked forward to the bidding process.

If successful, the consortium plans a 200-room hotel and 375 residential apartments on the waterfront site fronting 839-883 Collins Street. The partners will brand the four-star hotel, to be developed on a 1700sq m site at Docklands, a Starwood Aloft hotel or an InterContinental Hotel Group-branded Indigo hotel.

Mr Dakin said that under the consortium’s plan, one-bedroom apartments would be priced from $715,000. The apartments would share the same branding as the proposed four-star hotel.

If the hotel and apartment project proceeded, Mr Dakin said it would be ideal for corporate travellers, given its proximity to the Melbourne Convention Centre and CBD.

Lend Lease’s managing director of urban regeneration, Jonathan Emery, said there was strong demand for hotels in Melbourne and he had been approached by a number of hotel investors to buy it. “We are in the early stages of exploring options for the site to achieve the best outcome for Victoria Harbour,” he said.

http://www.theaustralian.com.au/business/property/jerry-schwartz-issues-...

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Ryan Seychell's picture

Looks to be that way from this image in the 889 Collins Street Report:

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Nicholas Harrison's picture

Recently a majority of tenants looking for space in Docklands have signed up in Collins Square rather than Victoria Harbour. That and the success of 888 and 889 Collins would have prompted the change from office to residential/hotel.

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Riddlz's picture

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Nicholas Harrison's picture

Looks like a block model rather than a detailed design (hopefully).

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Ryan Seychell's picture

That's what I was thinking, maybe we'll get a more detailed design once the operator is chosen..

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Ryan Seychell's picture

Lend Lease may double the size of its Docklands project
THE AUSTRALIAN NOVEMBER 16, 2015 12:00AM

Property developer Lend Lease is considering more than doubling the size of its planned office building at the $6.1 billion Victoria Harbour precinct in Melbourne’s Docklands, with the group also holding talks with M&G Real Estate about taking a stake in the planned project.

Lend Lease is understood to be in early negotiations with ANZ Bank to lease about 15,000sq m of space in the tower, and it is also aiming to secure News Corporation’s Herald & Weekly Times in the building.

The Australian reported last month that Lend Lease was in talks with HWT — the publisher of the Herald Sun, the Leader Community Newspaper group and rural affairs paper The Weekly Times — to be a sole tenant of a 12,000sq m building at 839 Collins Street, which is adjacent to the headquarters of ANZ Bank.

Staff from News Corporation’s other Melbourne businesses would also be part of any move, including the bureau for the The Australian.

But in a new turn of events, Lend Lease is considering a proposal for a larger building that could accommodate both HWT and ANZ Bank, which has shown interest in leasing space next to its headquarters. Sources have said that the building could have close to 30,000sq m floor space. This would bring it in line with Lend Lease’s early plans for the tower, which had been approved for development. Lend Lease later reduced the size of the ­planned building. It is understood that HWT, represented by JLL, may move to the building, or it may choose to stay at the Dexus Property-owned 40 City Place in Southbank.

Read More: http://www.theaustralian.com.au/business/property/lend-lease-may-double-...

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Ryan Seychell's picture

Lendlease in talks with ANZ over new Docklands tower

roperty giant Lendlease is in negotiations with ANZ Bank over a massive tenancy requirement that would spur the development of a $300 million commercial tower in Melbourne's Docklands.

The progress of talks between the two listed companies has prompted industry speculation that a deal may not be far off, although both players are keeping a tight lid on the proposal.

The development involves a new campus-style building on 839 Collins Street, a plot of land adjacent to ANZ's corporate headquarters in Docklands.

The global construction and development heavyweight is also the dominant developer along that strip of the Collins Street extension into Docklands, an area known as Victoria Harbour.

Last year a prospective anchor tenant for the building emerged with News Corp's Herald & Weekly Times. ANZ was subsequently touted as a potential resident as well.

Since then, HWT's interest in a Docklands home has waned, while ANZ's appetite for more space in the precinct increased. It has around 7000 staff working in its vast riverside headquarters, as well as at other locations in the CBD and city fringe.

The lender could take as much as 30,000 sq m in the new tower. One dilemma for Lendlease would be whether it is willing to trim the development potential of the site – of 39,000 sq m – down to ANZ's requirement and give it sole tenancy in the building.

Read More: http://www.afr.com/real-estate/lendlease-in-talks-with-anz-over-new-dock...

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Mark Baljak's picture

Lendlease wins investors for ANZ tower

Local financial house Challenger has joined global funds giant Invesco to buy a $430 million office tower that Lendlease is building in Melbourne's Docklands with ANZ as the main tenant.

The local investor has come in with US-based Invesco, which has more than $800 billion in global assets under management, in a fund-through style deal.

The 39,000 square metre building on Collins Street became possible after Lendlease struck an agreement with ANZ to become the tower's anchor tenant.

The campus building will rise at 839 Collins Street, adjacent to ANZ's corporate headquarters in Docklands, which Lendlease also built.

Lendlease won approval for a 21-level tower on the site four years ago. Last year News Corp's Herald & Weekly Times emerged as a prospective tenant before its interest flagged.

On its side ANZ is expected to take up about 30,000sq m in the new Docklands tower.

Read more: http://www.afr.com/real-estate/lendlease-wins-investors-for-anz-tower-20...

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Michael Berquez's picture

A little confusing....so it's still 21 levels? And which site is this exactly?

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