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SOUTHBANK | PWC | 2 Riverside Quay | 87m | 21L | Commercial

Mark Baljak's picture
#1

Got that 1990'3 look about it, similar to 150 Collins Street - not the best outcome from a distance. Images © Fender Katsalidis

Ground

Roof level

mo0re interesting streetscapes to follow

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Mark Baljak's picture

landscaping images

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Mark Baljak's picture

PwC opts for Mirvac in Melbourne

NICK LENAGHAN
Blue chip accounting firm PwC will take up a 17,200 square metre tenancy in a new Mirvac tower in Melbourne, kick-starting a $200 million redevelopment in Southbank overlooking the Yarra River.

The A-grade tower, one of a swag of projects in Mirvac’s burgeoning Melbourne pipeline, is at 2 Riverside Quay, opposite PwC’s home at Freshwater Place, held by Australand and GPT.

For PwC, the move across the road in January 2017 is the final step in resolving its tenancy needs that began when it shifted lodgings in Perth two years ago.

“Melbourne is the last piece of the ­jigsaw for us. It completes our footprint across the nation,” said Tony Peake, managing partner for finance and operations.

PwC occupies 66,000 square metres across Australia and has taken up new digs in Canberra, Sydney, Newcastle and this week Adelaide. It has also secured new premises in Brisbane.

The 12-year lease will cover 82 per cent of the net lettable area in the new 12-level office building to be built above an eight storey car park.

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Laurence Dragomir's picture

PwC has signed on for 17,200sqm according to AFR.

Edit: Dang it!

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Dean's picture

Just looking at the plans i think this is 87m to the top of LMR not 78m. (RL89.6m-2.6m)

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Melbman's picture

Not a bad outcome really. Will certainly bring added life to that spot at least.

Interesting they chose to stay in Southbank though.

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Adam Ford's picture

How long can those three campus riverfronts hold on for? I have a vague recollection Mirvac owns them all?

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Mark Baljak's picture

i think they do

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Ryan Seychell's picture

Looks like they've started work on this one:

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Mark Baljak's picture

^^ well and truly

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Ryan Seychell's picture

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Mark Baljak's picture

ISPT swoops on half stake in Mirvac’s Melbourne office tower

Super fund giant ISPT is running due diligence on a half-stake in a new $200 million-plus office tower that Mirvac is developing in ­Melbourne’s Southbank.

With close to $10 billion in funds under management already, ISPT looks set to add the stake in 2 Riv­erside Quay to its core fund on a fund-through arrangement, according to market sources.

If finalised as expected, the deal could be struck on an initial yield somewhere above 6 per cent. And it comes just as Mirvac prepares to close a tenancy deal with blue-chip accounting firm PwC.

Under that arrangement, PwC will take up 17,200 square metres, or more than 80 per cent, of the new A-grade tower.

The tenancy, which is opposite PwC’s present home at Freshwater Place, helped kick-start the 12-storey project Mirvac is building above an eight-level car park on the site.

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Alastair Taylor's picture

memmmmmooorriiiessss.

'twas the best vantage point for watching Eureka and Freshwater Place's construction all those years ago.

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Mark Baljak's picture

AFR image with PwC logo

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Piling is now underway, fresh pics this week.

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Ryan Seychell's picture

Nothing exciting but here's another:

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Ryan Seychell's picture

Crane base in:


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Ryan Seychell's picture

Crane went up over the weekend:

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Development & Planning

Monday, October 23, 2017 - 00:00
The tower dubbed 'Sol Invictus' may not have been conquered, but it is for sale. Long after the initial media blitz extolling the virtues of the tower, going hand in hand with an explanation of its name, the now approved 48 Moray Street has been handed to Colliers.

Policy, Culture & Opinion

Monday, October 9, 2017 - 12:00
Spring Street on Sunday unveiled its package of rental reforms that will see a variety of changes to the Residential Tenancies Act (1997). The state government has branded the reforms 'Rent Fair Victoria' and set up a website outlining the changes.

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Visual Melbourne

Friday, August 25, 2017 - 07:00
The former site of John Batman's home, Batman's Hill is entering the final stages of its redevelopment. Collins Square's final tower has begun its skyward ascent, as has Lendlease's Melbourne Quarter Commercial and Residential precinct already. Melbourne Quarter's first stage is at construction and involves a new 12-storey home for consultancy firm Arup along with a skypark.

Sustainability & Environment

Tuesday, October 10, 2017 - 05:00
City of Melbourne intentions for a reimagined University Square are now available for viewing. The significant piece of public space at 190-192 Pelham Street is in line to receive a total makeover, bringing the green landscape into a 21st century.