First Building at $2.5bn One Melbourne Quarter Officially Opens


Lendlease has moved into its new digs at One Melbourne Quarter, the first commercial tower to be delivered in the $2 billion precinct on Collins Street.

The 2.5-hectare precinct reflects Lendlease’s integrated model. Lendlease is behind the transformation and construction of the precinct, and owns the new building through its managed fund.

The development and construction behemoth occupies levels four to six of the 13-storey building, which will accommodate more than 400 of its employees.

The Lendlease-managed Australian Prime Property Fund Commercial acquired the 26,000sq m precinct in November 2016.

Related: Macquarie Wins Contract to Develop Martin Place

Sky Garden
An illustration of Sky Park at One Melbourne Quarter.

The ASX-listed developer’s Australian capital now sits at 59 per cent, down from 80 per cent three years ago, as it progresses with its global focus. It now has more than $70 billion of urbanisation projects across Europe, Asia and the US.

The One Melbourne Quarter precinct will become home to 2,500 workers, with the likes of design and engineering firm Arup already moving in, and AMP due to shift into the space next year.

The site has achieved a 6 Star Green Star Communities rating, with its emphasis on sustainability. And more than 50 per cent of the precinct will be dedicated to public open space once completed.

Related: Lendlease Wins Approval for Timber Tower at Barangaroo

One Melbourne Quarter
One Melbourne QuarterSupplied.

Lendlease chief executive Steve McCann says the move centralises its Melbourne workforce ensuring its team is “more accessible to our customers”.

“Based on the workplace strategies implemented at our global headquarters in Barangaroo, our new Melbourne location demonstrates greener and healthier ways of working,” McCann said.

The precinct’s next commercial tower, Two Melbourne Quarter, is currently under construction. The 50,000sq m building is pre-committed by EnergyAustralia, expected to be finished by mid-2020.

Planning minister Richard Wynne says the Melbourne Quarter precinct creates a gateway for the city.

“Linking Docklands to the CBD, creating thousands of jobs for Victorians both during construction and once complete.”

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