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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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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

Friday, March 24, 2017 - 06:00
Planning Minister Richard Wynne has approved another commercial tower at Lendlease's Melbourne Quarter development in the Docklands. The building known as Melbourne Quarter Tower will be located at 693 Collins Street, injecting almost 55,000sqm of office space into the precinct across its 28 floors, in addition to approximately 2,500sqm of retail space.

Policy, Culture & Opinion

Thursday, March 9, 2017 - 12:00
As part of the enabling stage of the Queen Victoria Market Renewal Project, the City of Melbourne has finally revealed their plans for the former Munro site, to be developed by PDG Corporation into a mixed-use development comprising a 58-storey Bates Smart designed-tower of 308 dwellings and a 300-room hotel, after the developer was awarded the rights to develop the site on CoM's behalf.

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Visual Melbourne

Wednesday, February 22, 2017 - 07:00
Once again Melbourne has turned it on for the spectacular cultural juggernaut that is White Night. A crowd of around 600,000 took part in the all night festival of projections, performances, artworks and installations. Stealing the show again this year was the extraordinary projections upon the Royal Exhibition Building.

Transport & Design

Thursday, March 23, 2017 - 12:00
The large-scale redevelopment of Richmond's former Jaques engineering complex has been marked by an number of onsite dedications. Dating back to 1885 and with frontages to Palmer, Coppin, Dyer and Griffiths Streets, the 9,945sqm site's engineering heritage has been permanently embossed across the site.

Sustainability & Environment

Tuesday, March 14, 2017 - 13:00
Victoria Walks, a walking promotion charity supported by VicHeath, is leading a crowdsourcing initiative that is supported by the State Government and 14 councils. The campaign aims to collect and analyse opinions on walking right across the Melbourne metropolitan area. The authorities are asking people to indicate their walking safety concerns through an interactive online map on CrowdSpot's platform.