First buildings open at Sydney's revitalised technology precinct, South Eveleigh
Today Mirvac Group (Mirvac) and its consortium partners, AMP Capital, Sunsuper and Centuria Property Funds, celebrate the official opening of the first two buildings completed at Sydney’s revitalised technology and innovation hub, South Eveleigh.
The precinct will be home to Commonwealth Bank of Australia’s 10,000 workers who have begun moving into their new workplace this week with the opening of the first building, Axle. The second complete building, Yerrabingin House, has a community centre, gym, childcare and the Australian-first Indigenous rooftop farm.
The opening of the buildings is a significant milestone in the development of the South Eveleigh precinct, which is on track to be complete by 2020 and will be home to 18,000 workers.
The launch event was attended by Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz; Commonwealth Bank of Australia Chief Executive Officer, Matt Comyn; AMP Capital Global Head of Real Estate, Carmel Hourigan; Sunsuper Head of Private Markets, Michael Weaver; Centuria Property Funds Head of Real Estate and Funds Management, Jason Huljich; and the precinct’s key partners and stakeholders.
Ms Lloyd-Hurwitz said, “We worked closely with the Commonwealth Bank of Australia to co-create a state-of-the-art work and lifestyle destination at South Eveleigh that enriches the lives of its employees and the wider community. Pioneering new standards in commercial campus design, South Eveleigh is a place for workers and the people of Sydney to connect culturally, socially and physically. The precinct has generous public shared spaces, community facilities, public artwork, retail, sports courts and oval, skate park and a focus on innovation, housing some of Australia’s leading technological companies.
“Successful precincts provide an environment for collaboration and exchange, imaginatively mixing workspace with public and recreational facilities incorporating a variety of unique experiences to ensure everyone feels welcome. We are developing a world-class destination at South Eveleigh that is unique to Sydney. The level of quality, excellence and fantastic community contribution at the precinct is a testament to the hard work of our team here at Mirvac and our many partners.”
Commonwealth Bank of Australia’s Executive General Manager, Group Property and Security, Jennifer Saiz said, “We are proud to co-create Australia’s signature innovation district at South Eveleigh – a place where entrepreneurs, educators, the community and businesses like ours can come together to solve the challenges of the future.
“Being part of the precinct will position the bank to deliver its long-term strategy to be the best in digital. This starts with a culture and workplace that’s centered on innovating for our customers. Our workplaces at South Eveleigh are designed with flexibility, wellbeing, sustainability and connectivity in mind. It’s a place where we’ll bring our people together to motivate and inspire them about the bank’s ambitious plans for the future.
“With each new workplace, we build on what we’ve learned. Our world-class workplaces at South Eveleigh are an evolution of the high standards set at our existing buildings Commonwealth Bank Place and Commonwealth Bank Square. Investing in leading workplaces reflects our ongoing commitment to providing dynamic environments for our people as we build a simpler, better bank”.
AMP Capital’s Global Head of Real Estate, Carmel Hourigan, said South Eveleigh is the second significant development on which we’ve partnered with Mirvac in recent years, the first being EY Centre, 200 George Street.
“We’re proud to have delivered a state-of-the-art workplace with Mirvac and Sunsuper for a significant customer like the Commonwealth Bank of Australia. This fully leased, landmark office precinct adds additional high-quality office assets to our investors’ portfolio which will deliver superior investment performance for our clients both in the short and long term.”
The architects for Axle were the award-winning architects Francis-Jones Morehen Thorp (FJMT) to deliver best-in-class design excellence, technology, sustainability and placemaking principles.
FJMT Design Director, Richard Francis Jones said, “This advanced workplace project was about making authentic places to exchange ideas, innovate, meet, enjoy and just be. The architecture in concert with the historic Locomotive Workshops defines and embraces the precincts public spaces, connecting to the station and the existing neighbourhood to create an authentic vibrant low-rise city community.
“The new campus building ‘Axle’ is the first to be completed and is an advanced sustainable and collaborative workplace environment conceived like a miniature city, offering variation, vitality and choice in a refined and deeply human architecture.”
Global architecture firm, Woods Bagot, designed the tenancy fit-out of Commonwealth Bank of Australia’s workplace at Axle, providing their employees with the best tools, techniques and spaces for a mindset of innovation, to bring ideas to life.
Woods Bagot Principal and Global Workplace Design Leader, Amanda Stanaway said, “Axle is an agile, next generation work environment that focuses on Commonwealth Bank of Australia’s continued commitment to innovation, training and well-being of their people.
“Axle demonstrates an ongoing evolution of Commonwealth Bank of Australia’s workplace strategy which responds to changing business priorities, reinforcing Commonwealth Bank of Australia as the market leader and one of Australia’s most progressive and dynamic workplaces.”
Once complete South Eveleigh will consist of nine commercial buildings surrounded by shared public spaces with a diverse mix of retailers including a supermarket, hairdresser, gym and al fresco cafes to activate the precinct in the evenings and on the weekends. A range of public artworks by local artists will also enliven the precinct and celebrate the history and heritage of the site. Mirvac engaged Carriageworks to curate the artworks, which will be progressively installed up until 2020.
South Eveleigh is progressing on schedule with construction set to start on the refurbishment of the Locomotive Workshops this month. Commonwealth Bank of Australia’s second workplace building, The Foundry, will be complete in mid-2020.
The Axle building is a 6 Star Green Star building, and has a 5 Star NABERS Energy rating. Yerrabingin House is a 6 Star Green Star building and has an extensive solar system which has allowed it to be a carbon neutral building.
Mirvac’s premium logistics hub Calibre opens in Western Sydney
Mirvac Group (Mirvac) has today celebrated the official opening of its premium logistics hub Calibre, in Eastern Creek. The strategically located industrial precinct delivers high-quality built form and employment outcomes for Western Sydney and sets a new benchmark for industrial and warehouse facilities in Australia.
The Treasurer of New South Wales, The Hon. Dominic Perrottet MP officiated at the opening ceremony and cut the ribbon, alongside Mirvac CEO & Managing Director, Susan Lloyd-Hurwitz. Calibre’s thriving business community, together with the Mirvac team and project partners, turned out to celebrate the exciting milestone.
Calibre’s 22-hectare site includes a mix of flexible warehousing, A-grade office space and advanced specifications with 110,000sqm of floor space across five buildings. Ideally placed to cater to logistics, warehousing and manufacturing companies, Mirvac secured premium brands CEVA Logistics, Miele, Pet Circle, Sheldon & Hammond and ACFS e-Solutions at Calibre, with the Estate 100 per cent leased ahead of its practical completion.
General Manager, Industrial at Mirvac, Richard Seddon said, “At Calibre we’ve elevated the standard for industrial and warehouse facilities in Sydney with our focus on quality, functionally and flexibility which will futureproof the estate for years to come. Mirvac drew on its uniquely integrated business model and cross-sector experience to bring the best of office and residential design to an industrial asset, to exceed customer and industry expectations.
“We are proud to open this landmark facility which provides our customers with a significant competitive advantage, contributes to the sustainable, long-term growth of e-commerce and logistics in Australia and generates vital long-term employment opportunities for Western Sydney."
“Through our investment in placemaking, design and amenity we have already seen a community and a shared economy coming to life at the Estate.”
Treasurer of NSW, The Hon. Dominic Perrottet MP, said the logistics hub was boosting employment in Western Sydney creating hundreds of jobs during construction and on a permanent basis.
“NSW has the leading economy in Australia with the lowest unemployment rate, and investments like this one are at the heart of that success.
“This is a key infrastructure building block for Western Sydney, and will attract more businesses to the region, boost job opportunities for locals, and help shape the future.”
Mirvac Group said approximately 450 construction jobs were generated during the development phase with 480 permanent jobs resulting.
Supply Chain Director at Pet Circle, Nick Bennett said, “We’re excited to relocate our operation into the new facility at Calibre in Eastern Creek. The advanced specifications, new standards of amenity and bespoke warehouse features of the Estate will deliver long-term efficiency and flexibility for Pet Circle, ultimately boosting business growth. The custom designed facility at Calibre, which blends flexible warehousing and exceptional office space, was delivered beyond our expectations.”
“After seeing the high-quality workspace and amenity of the facility, it allowed us the flexibility to have employees based here that are not traditionally warehouse employees such as a customer service team. The recruitment drive post move allowed us to hire the majority of workers from the Western Sydney area.”
The site is perfectly positioned as a distribution hub for the eastern seaboard with excellent transport links at the interchange of the M4 and M7 motorways, and under an hour drive to the Sydney CBD, Port Botany and the new Western Sydney International airport.
Calibre has been built for ultimate flexibility with service provisions in two of the warehouses for a second office component allowing for split tenancies. It’s also equipped to accommodate a range of uses, with a nine tonne racking post load internal slab with armoured joints to support future automation requirements, generous space for loading and a 20 metre cantilevered awning system across the length of the loading face for the majority of the buildings.
Displaying best practice design and sustainability, Calibre has energy efficient lighting, rainwater harvesting, photovoltaic solar, cyclist and end-of-trip facilities and 10 per cent natural lighting to reduce energy bills and create savings for customers.
Operating 24 hours a day, 7 days a week, Calibre is located at 60 Wallgrove Road, Eastern Creek at the centre of Australia’s national supply network within the Eastern Creek logistics hub.
In August 2018, Mirvac sold a 50 per cent stake in the Calibre Estate to the Mirvac Industrial Logistics Partnership (MILP) a partnership between Mirvac and an investment vehicle sponsored by Morgan Stanley Real Estate Investing.
Yerrabingin and Mirvac open Australia-first Indigenous rooftop farm
Today, Mirvac Group and cultural start-up Yerrabingin officially opened Australia’s first Indigenous urban food production farm, located on the rooftop of Building 3 at South Eveleigh, Mirvac’s new technology and innovation hub (formally known as Australian Technology Park).
The completion of the joint cultural venture was marked by a celebratory event, attended by His Excellency General The Honourable David Hurley AC DSC; Costa Georgiadis, The ABC’s Gardening Australia host; Yerrabingin founders Clarence Slockee and Christian Hampson; special guests from anchor tenant Commonwealth Bank of Australia; Mirvac and its consortium partners AMP Capital, Sunsuper and Centuria Property Funds; as well as community and Indigenous members.
The farm brings to life Mirvac and Yerrabingin’s vision to celebrate South Eveleigh’s rich Aboriginal culture and heritage, through an engaging and educational experience. Workers, visitors and the local community will be encouraged to participate in the planned workshops to learn about Indigenous culture, native plants and tend to the farm. They also have the opportunity to purchase produce from the farm with over 30 native bush foods to choose from including finger limes, warrigal greens, native raspberries and sea celery.
Yerrabingin co-founder, Christian Hampson said, “We are excited to open Australia’s first Indigenous rooftop farm, to celebrate and promote Aboriginal permaculture. This is a significant step forward in embedding reconciliation into placemaking while harnessing the potential of Aboriginal social enterprise. The development industry can often be concerned about ‘overstepping protocol’ so it has been inspiring to work with Mirvac who have set an example for the industry in how to respectively incorporate Aboriginal culture and heritage.”
Mirvac Project Director, William Walker said, “With the transformation of South Eveleigh into a state-of-the-art work and lifestyle destination it was vital to Mirvac that we paid careful consideration to the site’s important Indigenous heritage and significance. By working with Yerrabingin we were able to co-create an experience at the precinct that will engage and connect the public to Aboriginal storytelling, while educating them on the history of the site.
“Successful precincts around the world deliver diverse offerings and experiences so all people feel welcome. The indigenous farm is a key part of our activation strategy for the precinct that will foster an inclusive community for visitors, local residents and workers.”
The farm will be self-funded through the delivery of 16 events per month for visitors and South Eveleigh’s 18,000 workers and residents. Yerrabingin will manage workshops, events and tours that focus on native permaculture, environmental sustainability, physical and mental health.
Yerrabingin are also working to establish the South Eveleigh Aboriginal Cultural Landscape Garden, which will grow native and medicinal plant species and bush food.
The Indigenous rooftop farm on Building 3 of the precinct is part of Mirvac’s $1 billion transformation of South Eveleigh, set for completion in 2020. The farm is one element of a wide range of engaging and educational experiences at the precinct including tours of the garden and storytelling, focused on celebrating and remembering Aboriginal culture.
South Eveleigh has been co-created by Mirvac, anchor tenant Commonwealth Bank, and consortium partners, AMP Capital, Sunsuper and Centuria Property Funds.
Mirvac secures Urbis at Olderfleet taking the building to 88 per cent leased
Mirvac Group (Mirvac) [ASX: MGR] has today announced its flagship Melbourne office tower, Olderfleet, at 477 Collins Street is 88 per cent leased, with the signing of leading property consultants, Urbis, signaling continued strong demand for space in the building.
Urbis has leased 4,100 sqm across levels 10, 11 and parts of 12 in the premium-grade commercial building joining other high calibre tenants Norton Rose Fulbright, Lander and Rogers and anchor tenant Deloitte.
Mirvac’s Development Director, Frank Lonetti said: “We’ve experienced strong momentum in interest for office space at Olderfleet, allowing us to lease 88 per cent of the building earlier than expected and well ahead of practical completion in 2020. This high level of demand is a testament to Mirvac’s vision of creating a truly notable working environment and leading smart building at Olderfleet.
“We are pleased to welcome Urbis, a partner of Mirvac on many of our projects across the country, to Olderfleet. They will contribute to the diversity of leasing success at the building, including property, technology, financial services, childcare and legal companies.”
Urbis is relocating their Melbourne head office from the Paris end at 120 Collins Street to Olderfleet in the mid-city block between William and King Streets. Urbis had recently undertaken a national workplace strategy review with WMK Architects, with a major focus on its people, brand and culture as the business continues to grow and evolve. Tim Farley, a National Director of Colliers International’s Tenant Advisory team, represented Urbis in their comprehensive market search and evaluation of future premises opportunities, culminating in Mirvac’s Olderfleet development being identified as the ideal accommodation solution for the business. This move takes advantage of the latest technology and range of amenities available at the building including hotel-style end-of-trip facilities, a childcare centre and wellness centre. In particular, Urbis identified the efficient floorplates and potential for outdoor mixed mode space as critical to their decision-making process, enabling the business to embrace the future.
Urbis CEO, Ben Pollack has explained that the decision to move to Olderfleet aligns with our workplace strategy that will deliver an innovative people and client centric environment. “Our workplaces of the future will facilitate greater levels of collaboration, innovation and flexibility for our people and clients and we are very excited by the new workplace strategy that we have developed in partnership with WMK which will be progressively rolled out through all of our offices”
The company was drawn to the cutting-edge design of the large, highly efficient workplace floors and the central location along an iconic Melbourne street that is experiencing a significant revitalisation.
“Collins Street in Melbourne is undergoing a major transformation with a number of commercial developments revitalising the highly sought-after location. Olderfleet will be a key feature of the area, providing the perfect balance between modern architecture and functionality, with the beauty and history of the restored heritage façade,” added Frank.
Olderfleet is on schedule to be completed by 2020, with construction well progressed. The structure at Level 26 and the façade at Level 20 is near completion.
Olderfleet is committed to a 5 Star Green Star rating, a 5 Star NABERS energy rating and a Platinum WELL Certification.
Workplaces of the future are all about ‘Super-Experiences’
Mirvac Group (Mirvac) [ASX: MGR] launches a new discussion paper, ‘The Super-Experience: Designing for Talent in the Digital Workplace’, which highlights the rise of ‘super-experiences’ in the workplace and their impact on culture, engagement and productivity, at WORKTECH 2019 in Sydney.
A first look at the discussion paper was revealed this week at a VIP masterclass at Mirvac’s headquarters at the EY Centre, Sydney with special guest speaker Dr. Nelly Ben Hayoun, the ‘Willy Wonka of Design and Science’.
The paper spotlights how businesses are upping the ante when it comes to workplace experiences and raising the bar in an effort to compete for talent, attract Millennials and innovate amid rapid technological change.
From 3D digital waterfalls to the first orchestra of space scientists, super-experiences surprise and delight employees bringing people together to enhance productivity, innovation, wellbeing and lifelong learning.
General Manager of Workplace Experiences, Paul Edwards said: “With the rise of Artificial Intelligence automating data driven jobs, ‘super-experiences’ will play an increasing role in boosting performance on imaginative, empathic and creative types of work to future-proof the workforce. Super-experiences can make you feel excited or that you’ve achieved something; they can stimulate curiosity, create a sense of purpose or instil a sense of belonging. These emotional reactions drive positive interactions for employees and the businesses they work for.”
A global study by Deloitte in 2017 found that 80 per cent of executives rated employee experience either very important (42 per cent) or important (38 per cent), but only 22 per cent reported that their companies were excellent at building a differentiated employee experience. This shows there is work to be done in creating super-experiences in the workplace.
“In the past, the property industry and wider business world has put physical assets before people, and hard metrics around space and infrastructure before softer issues of behaviour, perception and belonging. That needs to change.
“Mirvac is currently working on a range of unique projects that reflect this new approach including an experience master-plan for Suncorp Australia’s headquarters at 80 Ann Street, Brisbane, as well as curated, cultural and learning based experiences at South Eveleigh in Redfern,” Mr Edwards said.
The discussion paper highlights the different types of super-experiences in the workplace including:
Research shows that a sense of awe in the workplace can encourage employees to think differentlyand improve their creativity. For example, the elevator in One World Trade Centre, New York, has an immersive digital display that reveals the transformation of New York City from unsettled plains to the current forest of skyscrapers. This experience moves individuals to another state of mind as they travel up the 102 stories of the building.
Experiences are becoming highly curated, with organisations orchestrating opportunities to bring people together. For example, Mirvac has included staircases through the middle of their office floors at the EY Centre in Sydney to allow for cross-departmental and cross-disciplinary collaboration and to enhance the ‘bump in’ factor for employees.
We are also seeing a rise in co-working spaces that target specific professional skills and industry sectors. For example, The Wing in New York is a space designed specifically for entrepreneurial women.
The Learning experience:
We are seeing a growing onus on ‘omni-learning’ where people are encouraged and expected to constantly update their skills independently and pass on learnings to colleagues. As a result, learning spaces typically found in museums and universities are entering the corporate office to create a culture of continuous learning. For example, Kahoot has developed learning platforms for Facebook to help engage employees in social learning through digital gaming.
Mirvac’s world-leading technology and innovation hub, South Eveleigh in Sydney is one example of a precinct being transformed with authentic experiences both for people who work there and the wider community. One of the super-experiences in the precinct is the creation of a rooftop Indigenous farm, which will grow exclusively native Australian produce. Visitors to the farm can learn about gardening, participate in regular historical talks and tours of the site or volunteer to tend the plants. This experience pays homage to the cultural history of the site in an innovative and interactive way.Mirvac partnered with WORKTECH Academy, a global knowledge platform for the future of work, to co-author the report.
Mirvac receives development approval to give South Eveleigh’s Locomotive Workshops a new lease on life
25 February, 2019: Mirvac Group (ASX:MGR) has received approval from the state’s Independent Planning Commission for its plans to revive the historic Locomotive Workshops at South Eveleigh (formerly the Australian Technology Park) at Eveleigh, Sydney.
Two separate State Significant Development Applications (SSDAs) were submitted for the sensitive conversion and adaptive re-use of the Locomotive Workshops. The approval represents an important step in delivering a vibrant new destination for Sydney with lasting positive benefits to the community.
The SSDAs were approved with the condition that Mirvac submit its heritage interpretation plan for approval prior to the first construction certificate being issued.
William Walker, Project Director at Mirvac said, “The revitalisation of the iconic Locomotive Workshops and wider South Eveleigh precinct will deliver a unique cultural and innovation hub for Sydney.
“Set to become a vibrant social and commercial destination for Sydney that invites workers, the local community, students and visitors in, Mirvac has worked with a range of expert partners, including the Heritage Council and community groups, to progress the transformation of the site.”
Mirvac placed strong emphasis on the celebration of the Locomotive Workshops’ heritage, as the historical centrepiece of the precinct. This was achieved through sensitive preservation of artefacts, restored machinery, public display areas, and the retention of the working blacksmith. Mirvac’s flexible space business Hoist will return to the Locomotive Workshops taking 3,000 square metres within the building, fostering a world class technology ecosystem at the precinct.
“For over 100 years the precinct was the engine room for Australia’s rail network, pioneering technology and advances in industry. Today we are restoring the precinct to its former status as a technology powerhouse with the Locomotive Workshops set to become a place for organisations of all shapes and sizes to find common ground to collaborate on the jobs and industries of the future,” Mr Walker said.
As a crucial piece in the wider strategic plans for the Central to Eveleigh corridor, South Eveleigh benefits from spectacular transport connections, future infrastructure plans and close proximity to the CBD making it an exceptional work and lifestyle destination.
Nick Sissons, Partner Sissons Architects and lead designer of the Locomotive Workshops, said the redevelopment presented a unique opportunity for a heritage-led design process that reveals and celebrates the old, whilst embracing the new.
“With the design philosophy firmly rooted in creating a great urban experience, the Locomotive Workshops will become a new destination for all, making a positive contribution to Sydney and its rich heritage,” he said.
The retail activation of the site will extend beyond the 9-5 working day and into the weekend, increasing public engagement through a new layer of cultural heritage initiatives and a range of artisan retail spaces.
Natalie Vinton, Director at Curio Projects, heritage consultant for the development said, “For heritage places to remain relevant, they must be adaptively reused to meet the needs of current and future users. By creating amazing cultural heritage experiences in everyday environments, we are investing in our custodians of heritage for the present and the future.
“Our aim for South Eveleigh is to create an experience where regardless of their initial reason to visit, people leave understanding a little more about the iconic site, its people and its history.”
The precinct will be home to 10,000 Commonwealth Bank of Australia’s (CBA) employees, and will have generous public and shared spaces, a community building, parks and sporting fields, and diverse retail for the community.
Construction on the Locomotive Workshops will begin in 2019 and is expected to be completed in 2020.
Led by Mirvac, a consortium including AMP Capital, Sunsuper and Centuria Property Funds, own South Eveleigh.
Mirvac Group (Mirvac), together with its co-owners, AMP Capital, are pleased to announce that EY Centre, 200 George Street has received the prestigious International Project of the Year award at the Chartered Institution of Building Services Engineers (CIBSE) Performance Awards, which was presented at an awards ceremony in London last night.
Mirvac’s Head of Office & Industrial, Campbell Hanan, said, “We are thrilled that EY Centre has been recognised on an international platform for its design and operational excellence, innovation and environmental performance.
“This award is a tremendous endorsement of our unique end-to-end capability, as well as our ability to collaborate with our partners to deliver a modern, world-class building that promotes sustainability, technology and the health and wellbeing of its occupants. It’s a truly great achievement for everyone involved.”
Developed in 2016, EY Centre was designed to contribute to Mirvac’s commitment to achieve net positive by 2030, with a range of energy-saving features incorporated from the outset. These include the world’s first closed-cavity façade and timber blind system, LED lighting throughout the entire building, and a comprehensive metering and monitoring system that allows the building management team to proactively enhance energy efficiency.
The building recently achieved a 5.5 star NABERS Energy rating (half a star above its targeted 5.0 star NABERS Energy rating) which represents market leading performance, and is particularly significant given it was achieved without tri-cogeneration or renewables. The asset has also achieved a suite of 6 Star Green Star ratings across Design, As Built and Performance categories.
The health and wellbeing of the buildings’ occupants was also integral to the design of EY Centre. A hybrid heating and cooling system delivers high levels of internal comfort, while ample end-of-trip facilities provide excellent amenity for tenants. A unique urban pop up farm in the building’s basement, meanwhile, offers employees a respite from their computer screens while giving them the opportunity to grow their own vegetables.
This is the second time Mirvac has been recognised at the CIBSE Performance Awards. In 2016, the Group was awarded the Facilities Management Team award, and received a highly commended in the International Project of the Year category for 23 Furzer Street in Canberra.
EY Centre has now been recognised with 19 awards to date.
Mirvac Scores a 6 Star NABERS Energy Rating at One Darling Island
Mirvac Group is pleased to announce that the One Darling Island office precinct in Pyrmont has achieved a 6 Star NABERS Energy rating without the use of GreenPower. One Darling Island is now one of only nine buildings in Australia to hold a base building 6 Star NABERS Energy rating and becomes the third asset within Mirvac’s Office portfolio to achieve the 6 Star Energy rating. It joins Sirius House in Canberra and the nearby Bay Centre which both hold the coveted 6 Stars for Energy.
Mirvac’s Sustainability Manager, David Palin, said the combination of a high quality, flexible base building, the team’s firm focus on driving energy efficiency, investment in renewable energy and the commitment and contribution of its valued partners made this achievement possible.
“Mirvac designed and constructed the building in 2006 with embedded flexibility and future-proofing which has allowed for continual improvements to be made to its environmental performance. Our team has worked ever since to capitalise on this potential by implementing a range of energy efficiency initiatives and installed 100kW of solar on the roof of the building in 2017.”
“As a result, energy consumption has reduced by 28% and carbon emissions have decreased by 39% since FY13, the baseline year of our Sustainability Strategy, This Changes Everything. This performance also directly contributes to Mirvac’s target to be net positive in carbon by 2030.”
“In conjunction with the Mirvac Asset Services team, our partners, including building automation solution and management providers, Alerton, have played a key role in improving the building’s operational efficiency and we are incredible proud of what we have been able to collectively achieve.”
The A-grade asset, which covers over 22,000 square metres of office space, is currently performing 1.5 Stars above its NABERS Energy Design target. 6 Stars is the highest possible NABERS Energy rating and it indicates market leading environmental performance.
Dennis Lee, Senior Team Leader in the Strategic Delivery Office at the Office of Environment and Heritage said, "Achieving a 6 Star NABERS Energy Rating is a great accomplishment. One Darling Island has joined an elite group of buildings in the top 1% nationally at this level of performance. Mirvac has demonstrated an ongoing commitment to energy efficiency at One Darling Island, reaching 6 Stars this year by cutting its energy use by a further 25%.”
Mirvac’s Bay Centre office, also in Pyrmont, was the first building in NSW to achieve 6 Stars NABERS Energy rating in 2016 and recently received the Green Globe Built Environment Award which recognises environmental excellence, innovation and leadership.
In March this year, Sirius House in Canberra became the first building in Australia to achieve a 6 Star NABERS Energy rating, a 6 Star NABERS Water rating and a 6 Star Green Star Performance rating, without the use of GreenPower or externally sourced recycled water.
Two new arrivals at Mirvac’s 367 Collins Street, Melbourne take the building to 100 per cent leased
Mirvac Group (Mirvac) [ASX: MGR] today announces new arrivals the National Disability Insurance Scheme (NDIS) and Dow Chemical at its A-grade commercial office tower, 367 Collins Street Melbourne, bringing the building to 100 per cent leased.
NDIS, an independent statutory agency supporting Australians with a disability, and Dow Chemical, a multinational chemical corporation, will each occupy 1,115 square metre floors of the newly refurbished building.
Group Executive, Office – Mirvac Property Trust, Andrew Butler said, “We continually invest in our buildings to ensure they are at the forefront of design, innovation and wellbeing and provide high calibre workplaces for our customers. The recent extensive refurbishment of 367 Collins Street was the catalyst for the signing of both, NDIS and Dow Chemical, resulting in the building becoming fully occupied.
“This achievement reflects the strong office market conditions in Melbourne with low vacancy rates and high tenant demand. Melbourne is a focus for Mirvac with expectations that the CBD rental growth will match or exceed Sydney in the coming years.”
Dow Chemical was drawn to 367 Collins Street for its location in the heart of the city’s financial precinct, close proximity to public transport including Flinders Street Station, and access to lifestyle amenities including a gym and new end-of-trip facilities in the building.
Mirvac’s extensive refurbishment of the building saw the transformation of the lobby into an activated space for employees to work, socialise and relax away from their office. It also allowed Mirvac to maximise the footprint of the building by creating space for four new tenancies on the ground floor and three new tenancies on Flinders Lane.
The final stage of the refurbishment is currently underway with the revitalisation of the building’s surrounding public access ways. Celebrating Melbourne’s iconic laneway culture, Mirvac will connect the southern entrance of the building to Flinders Lane.
Two new retail tenancies will occupy the laneway; Co-Hanh, at 348 Flinders Lane to open before Christmas; and Tian 38, at 350 Flinders Lane to open before Chinese New Year 2019. The eateries will add to the vibrant flare of the laneway, bringing a strong multi-cultural vibe and delicious food and beverage offerings for the building’s community.
NDIS and Dow Chemical join high quality brands Optus, AICD, Colliers, Anytime Fitness, Sportsbet and Brickworks Building Projects.
Mirvac opens a vibrant new food and dining destination at Riverside Quay
Mirvac Group (“Mirvac”) [ASX: MGR] is pleased to announce the completion of the new retail and dining precinct at Riverside Quay, Melbourne.
The recently opened culinary quarter presents 10 new eateries peppered throughout the ground plane of Riverside Quay’s four commercial buildings. Together with the existing Southbank Promenade restaurants, the new retailers will create an enhanced, vibrant food and beverage offering, emulating the ambience and buzz of Melbourne’s famous laneways.
Riverside Quay now offers a mix of grab-and-go, casual dining and lunch options, as well as restaurants to suit all tastes. A range of international cuisines and cult brands including Jiaozi by Shanghai Street Dumplings, Old Man Pho, Infinite Wasabi, Thailander, Poked, Dagwood Deli, Workshop Brothers, 30ml Coffee and D.O.C. (opening early 2019), make up the all-star line-up.
Anchoring the new food hub is San Telmo’s, newly opened Asado Bar and Grill, which features meat cooked over a grill and wood fire, but with an Argentinian twist.
Group Executive, Office – Mirvac Property Trust, Andrew Butler said, “The opening of a new retail destination at Riverside Quay is the most recent piece in an extensive
revitalisation of the precinct which included the development of a new flagship office building and a public park.
“We’ve transformed the waterfront to create a place where people can work, relax and dine, activating the area beyond the nine to five work day. The refreshed food offering has been carefully curated to cater to the needs of our high calibre tenants and the wider community.”
Mirvac partnered with Six Degrees Architects to reimagine the Riverside Quay precinct. Reconfigured office lobbies, together with new paving, canopies, feature lighting, outdoor seating and improved wayfinding have resulted in a refreshed ground plane.
Working closely with the City of Melbourne and the local community, Mirvac has delivered a public park at Riverside Quay.
“The park is the perfect extension of the new food and dining district, creating an engaging space for the hundreds of workers, residents and visitors that pass through the area each day. We’ve already seen a huge increase in foot traffic at Riverside Quay and have received extremely positive feedback from the community on the renewed spaces,” added Andrew.
In the lead up to Christmas there will be a lot of activity in the Laneways at Riverside Quay including live music, entertainment and special offers from the retailers. Join in the fun every Wednesday and Thursday night, 5pm to 8pm, from 5th to 20th December 2018.
Mirvac Group (“Mirvac”) today launches a new mobile app, through an Australian-first partnership with leading proptech company, Workwell. The app is designed to build a sense of community and connection in the workplace.
Workwell is a technology platform that centralises access to all building and customer services. From buying a coffee, booking a car parking space or meeting room to setting up a running club and even finding a colleague to eat lunch with, the Workwell app helps employees build their networks and fosters community at workplace precincts. The app has been successfully deployed in over 100 large corporations worldwide including the US and Europe and is expanding into Australia with the help of Mirvac.
Mirvac is launching the app across its flagship commercial and industrial buildings, EY Centre, 200 George Street in Sydney; 367 Collins Street in Melbourne; and Calibre Industrial Estate in Western Sydney. The app is fully tailored for the Australian market and will be rolled-out across the rest of Mirvac’s portfolio in 2019.
General Manager of Workplace Experiences at Mirvac, Paul Edwards said, “Employee experience underpins the future of work and is redefining how we think about reimagining the communities we create. It’s crucial to improving engagement, collaboration, loyalty and wellbeing in the workplace. Our partnership with Workwell will help us foster community within all of our buildings, positively impacting on the experiences we deliver.”
Workwell makes office life easier for employees as they no longer have to hunt through a range of single-use apps to access the services available to them at work. Instead, the appcentralises a variety of services onto one platform including childcare services, HR onboarding, food & beverage deals, announcements, group meet ups, car parking, wellness classes and more. Workwell is built as an open platform, which means new services from Mirvac and their customers can be frequently added in to ensure it’s always up to date. The app will also gather data on how the occupants are using the building, providing Mirvac with valuable insights to help improve the employee experience.
“We are committed to creating Australia’s most intelligent buildings with the latest technology that helps our customers be more efficient. Workwell was the perfect solution to streamline our tenant’s interaction with colleagues, the broader community, systems and building services to help make their lives easier,” said Mr Edwards.
The concept for the app started in 2015 in the USA by Marie Schneegans, who felt lonely and isolated in the workplace and created Never Eat Alone, a mobile app that enabled employees of large corporations to meet co-workers over lunch. The app was highly successful in Europe and North America, and customer feedback led Marie to expand its scope turning it into Workwell.
Co-Founder of Workwell, Paul Dupuy said, “We are proud to partner with Mirvac to launch Workwell in Australia and roll out the app across their extensive national portfolio of commercial buildings. Mirvac was a natural fit for us due to the high-quality of their buildings and forward-thinking approach to workplace creation.
“The collaborative partnership has enabled us to deliver on Mirvac’s specific needs. It’s clear that Mirvac is dedicated to improving the customer experience and communities within its buildings and we are pleased to help them achieve this.”
Workwell operates in 10 countries with its headquarters in the US, and offices in New York, Paris and now Sydney. International clients include Unibail-Rodamco-Westfield, AXA, American Express and BNP Paribas.
Mirvac secures first Melbourne CBD Kids Club and Lander & Rogers at Olderfleet
Mirvac Group (Mirvac) [ASX: MGR] has today announced the signing of two new leases at its flagship Melbourne office tower, Olderfleet, at 477 Collins Street. Kids Club Early Learning Centres will open it’s first Melbourne CBD centre with approximately 1,000 square metres, while law firm Lander & Rogers will occupy approximately 5,000 square metres of the premium-grade commercial building.
Mirvac’s Development Director, Frank Lonetti said: “Kids Club Early Learning Centres and Lander & Rogers will add to the high calibre of tenants at Olderfleet, joining anchor tenant Deloitte, and Norton Rose Fulbright.
“Following the extensive co-creation process we undertook for Olderfleet with our customers, a shared vision emerged for a workplace that goes beyond state-of-the-art office space. By drawing on innovative technologies and contemporary thinking we are proud to deliver a carefully curated and customised workplace that, once complete, will offer a range of amenities that support work life balance, offer convenience, engage with the community and drive productivity, enhancing the overall customer experience of the building and its surrounding public realm.
“With more and more people working flexibly, and outside the traditional hours of nine to five, a convenient childcare option was paramount for the tenants at Olderfleet. We are proud to deliver on this demand with the signing of Kids Club Early Learning Centres.”
The childcare centre will accommodate 130 children and will have 50 per cent indoor and outdoor play areas, boasting learning spaces that have been designed with a focus on natural light and the need for children to enjoy open air space.
Kids Club Early Learning Centres CEO, Corie Stone, said: “We’re thrilled to be the childcare operator of choice for Mirvac in such an iconic site. Kids Club Early Learning Centres are well recognised in Sydney and Canberra for their Education for Life Program and for having some of the most creative play spaces in Australia. We’re proud to finally bring our Six-Star Early Education experience to Melbourne.”
Kids Club Early Learning Centres and Lander & Rodgers will add to the diversity of tenants at Olderfleet, and demonstrates the strong market success for the development.
Lander & Rogers is a leading independent Australian law firm with over 80 years of operating experience across seven key areas of practice. The firm will occupy Levels 12 to 15 of the advanced commercial building, which will include technology-enabled workplaces and sustainability features.
Lander & Rogers' Chief Executive Partner, Genevieve Collins, said: "Relocating our Melbourne office to Olderfleet marks an incredibly exciting time for the entire firm and forms a key part of our future-focussed journey. It will give us the opportunity to create our own contemporary environment, enabling us to work collaboratively while inspiring the creativity that will drive innovation in our client service delivery — giving both our people and clients an exceptional experience. Importantly, this new premises will also feature a number of excellent benefits to support the work-life balance of our people. These include an onsite childcare centre, extensive end-of-trip facilities and a wellness centre, reinforcing our firm's commitment to our people's health and wellbeing".
“Lander & Rogers, a prestigious professional services organisation, was drawn to the unique working environment, amenities and the enhanced experience that Olderfleet will deliver for workers. We are delighted to have them sign on as a tenant,” added Mr Lonetti.
Construction of Olderfleet is progressing as per program with completion of the building scheduled for 2020.
A range of facilities will be available at Olderfleet including a wellness centre, luxurious hotel-style end-of-trip facilities, and 410 car parking spaces with direct access to the childcare centre. Along Collins Street and Flinders Lane, on the ground floor of the building, flexible workspaces will be seamlessly integrated within a vibrant mixed-use precinct with a variety of food and beverage offerings.
Olderfleet is targeting a 5 Star Green Star rating, a 5 Star NABERS energy rating and a Platinum WELL Certification.
David Malcolm Justice Centre Wins Property Council of Australia’s Environmentally Sustainable Design & Sustainability Award
Sustainability is at the heart of everything we do. We are delighted therefore to announce that the David Malcolm Justice Centre (DMJC), located in Perth, was recognised for its pioneering environmentally sustainable design by the Property Council of Australia (PCA) at the 2018 Western Australia Property Awards.The judges selected the DMJC as the winner of the ‘Environmentally Sustainable Design (ESD) and Sustainability Award: Premium/A Grade’ Award because they felt the design is “something rarely seen in the market.”
Located within the Cathedral Precinct at the junction of Barrack Street and St Georges Terrace, the DMJC is a 32 storey, A-grade commercial office tower jointly owned by Mirvac and Keppel REIT. The tower forms the centrepiece of the $700 million redevelopment of one of Perth’s most significant heritage precincts. The site encompasses the Como Hotel in the Old Treasury Building, the Perth Library, the State Administrative Tribunal building, the Public Trustee building, the Perth Town Hall and the St Georges Cathedral.
Named in honour of the late Chief Justice, David Malcolm, the building houses the Supreme Court, judicial chambers and state-of-the-art office accommodation for the Department of the Attorney General and Treasury.
From the outset, the design and construction of the tower focused on delivering exceptional environmental sustainability outcomes. Our goal was to create an energy efficient building with low operating costs. The building, which features Perth’s first tri-generation system and a grey water treatment plant, has received acclaim for its sustainability achievements since inception. The tower also received a Green Building Council of Australia (GBCA) 5 Star Green Star Rating – Design in 2012, and a GBCA 5 Star Green Star - As Built rating in August 2017.
But the most significant sustainability milestones have occurred from the ongoing operation of the tower. The building earned a 5 Star NABERS rating in March 2018 and Perth’s first GBCA 6 Star Green Star performance rating in May 2018. The DMJC has increased overall recycling rates to 74 per cent during the last financial year, exceeding initial targets.
The Property Council judges were impressed by the DMJC’s “market leading results”, and its significant achievement to receive Perth’s first GBCA 6 Star Green Star performance rating. The DMJC excelled in the Award criteria, based on the design’s vision and innovation, adaptability and results. On top of winning the ESD and Sustainability award, DMJC was also chosen as the winner of the Western Australia Commercial Property of the Year over 20,000sqm award.
Mirvac secures future office development asset in Melbourne, VIC
On 3 September 2018 Mirvac Group (Mirvac) announced it has acquired 383 La Trobe Street in Melbourne, VIC for a total consideration of $122 million, representing an initial yield of 5.7 per cent.
Located within Melbourne CBD’s legal precinct and close to Flagstaff train station and other public transport services, 383 La Trobe Street is a seven-level B-grade office asset with future redevelopment potential. The office component covers approximately 10,200 square metres and is 100 per cent leased to the Australian Federal Police.
Mirvac’s Head of Office & Industrial, Campbell Hanan, said, “The acquisition of 383 La Trobe Street presents us with a rare opportunity to secure a significant development asset in a well-located part of Melbourne’s CBD, while providing the Group with secure income over the medium term.
“We continue to see strong market fundamentals in Melbourne, as well as limited future supply options for tenants beyond the current development cycle. This acquisition allows us to grow our presence in this key gateway city, while adding to our current $3.1 billion commercial development pipeline.”
Mirvac intends to redevelop the site into a new A-grade office tower spanning over 40,000 square metres.
On Friday 31 August 2018 Mirvac announced it had sold a 50 percent interest in Calibre at Eastern Creek, NSW to the Mirvac Industrial Logistics Partnership (MILP).
A summary of the transaction is outlined as follows:
the total consideration for the 50 percent interest of the completed development is approximately
$125 million, reflecting a fully leased passing yield at project completion of 5.14 percent;
Mirvac will complete the remaining development of Buildings 2 and 5 at Calibre via a fund-through arrangement;
Mirvac will retain a 55 percent interest in the asset1; and
Mirvac will provide trust administration services, property and development management, and
ongoing leasing services for the asset.
Mirvac’s Head of Office & Industrial, Campbell Hanan, said, “The 50 percent sell down of Calibre is in line with our capital partnering strategy and provides us with a fantastic opportunity to grow our industrial logistics partnership.
“The transaction will also allow us to redeploy capital into our industrial business, where we are currently seeing very strong demand for Premium grade assets.”
Three of the five buildings at Calibre have reached practical completion, with Buildings 2 and 5 expected to be completed in the current financial year. The estate is approximately 80 per cent leased, with a heads of agreement signed for Building 5. Once executed, this will take the estate to 100 percent leased.
MILP was established in 2017 and is a partnership between Mirvac and an investment vehicle sponsored by Morgan Stanley Real Estate Investing. The transaction will see MILP’s combined gross asset value increase to approximately $220 million, with its exposure to Sydney increasing to 70 percent following the recent acquisition of 1 Johnson Road, Campbelltown NSW.
Mirvac refurbishment increases tenancies at 367 Collins Street, Melbourne
Thursday 26 July 2018 saw Mirvac Group (Mirvac) celebrate the completion of an extensive refurbishment of 367 Collins Street, Melbourne, with the official opening of the new lobby.
Completed this month, the newly renovated lobby has allowed Mirvac to maximise the footprint of the building, creating space for four new tenancies on the ground floor and three new tenancies on Flinders Lane.
In addition to Anytime Fitness, Colliers Residential and on-site café Falcon, a range of premium tenants will be introduced to the building. This includes Brickworks Building Products who is set to move in November 2018 in a first-of-its-kind retail offering in Melbourne.
The new lobby also features a four-metre revolving door entry and triple-height ceilings.
Andrew Butler, Group Executive, Office – Mirvac Property Trust, said the company invested significantly to deliver an exceptional new office environment for tenants.
“As part of Mirvac’s vision to reimagine urban life, we’re committed to providing best-in-class assets for our tenants and the wider community. The first phase of the refurbishment in 2016 saw the conversion of a bank vault into brand new, state-of-the-art end-of-trip facilities, The Nest.
“We’re pleased to be celebrating the completion of the second phase of the refurbishment. The transformation of the lobby has allowed Mirvac to create additional tenancies in addition to an activated space for tenants to work, socialise and relax.”
Hazel Porter, Principal and Lead Design Architect at Woods Bagot, said, “The project presented us with an exciting opportunity to re-invent one of Melbourne’s best known commercial towers by activating and energising its entire ground plane.”
Regarded as one of Melbourne’s most prominent A-Grade towers, 367 Collins Street occupies a prime location at the heart of the city’s financial district between Elizabeth and Queen Street in Melbourne. The building is currently home to major tenants Optus and Sportsbet.
Mirvac secures Norton Rose Fulbright at Olderfleet, Melbourne
We are proud to announce the signing of global law firm Norton Rose Fulbright to our Olderfleet building at 477 Collins Street in Melbourne. Norton Rose Fulbright will occupy the top floors of the cutting-edge commercial building.
The firm has committed to 5,100 square metres on levels 35 to 38, taking advantage of the outdoor terrace on Level 37 as a flexible space for entertaining, meetings, socialising and enjoying the spectacular city views.
Norton Rose Fulbright will be joining anchor tenant Deloitte, who has committed to over 26,000 square metres of office space, upon completion in 2020.
Mirvac’s General Manager of Commercial Development, Simon Healy said, “As a leading global professional services firm, Norton Rose Fulbright aligns with the high calibre tenants Mirvac has secured at Olderfleet, such as anchor tenant, Deloitte. We are very pleased that the law firm was drawn to our vision for the building as a unique place to work and visit, with leading technology and sustainability design."
Norton Rose Fulbright managing partner in Australia, Wayne Spanner, said, “We’re delighted to be re-locating our Melbourne office to Olderfleet, a building which we are certain will both reflect our values and provide our partners and staff with an inspiring and technologically advanced physical platform. We are grateful to Mirvac for its support which has enabled us to make this important decision for our business.”
Mirvac is working closely with Grimshaw Architects and Carr Design to bring Olderfleet to life, with construction on the first of the office floors well underway. We have also secured a partnership to provide smart lighting throughout the building with Enlighted, a world-leading provider of IoT platforms for smart buildings, and Honeywell, a global Fortune 100 software-industrial company, to deliver workplace performance monitoring technology.
Olderfleet will be the first commercial building in Australia to roll out this new system to help tenants and building managers track activity in the workplace, leading to cost efficiencies and better performance.
EY Centre, 200 George Street wins Best Office Development Award at Property Council of Australia Awards
Mirvac and AMP’s flagship Sydney commercial development, EY Centre, 200 George Street, achieved the SAS International Award for Best Office Development at the Property Council of Australia’s 2018 National Innovation & Excellence Awards which were held on Friday night.
Mirvac’s Head of Office and Industrial, Campbell Hanan said, “We are incredibly proud that the hard work of the Mirvac team and our partners has been recognised with the achievement of this prestigious Property Council of Australia Award for the EY Centre. From the project’s inception, we knew it was going to be an exceptional building that would make a significant contribution to the Sydney CBD community. This award is great recognition of the EY Centre and all of those involved in its development.”
Mirvac worked closely with a number of partners to create the EY Centre and deliver one of Australia’s first ‘smart’ buildings, including award-winning architects Francis-Jones Morehen Thorp (FJMT). FJMT designed a distinctively sculptural, 37-storey building that employs a world-first timber-and-glass closed cavity façade system giving it a unique appearance – an instantly recognisable structure defined by its shimmering, organic, golden-hued curves.
The building’s innovative sustainability credentials and world-class achievements contributed to its success, as the EY Centre has a string of Green Star ratings as well as a 5.5 Star NABERS Energy rating. It is also Australia’s first fully LED lit building, resulting in reduced power consumption costs, lower maintenance cycles and a reduction of landfill.
Mirvac’s headquarters at EY Centre creates an environment that actively stimulates performance and better supports the way Mirvac’s people work. Mirvac’s headquarters achieved Australia’s first Gold WELL rating from the International WELL Building Institute in 2017.
Workplace advisory firm, Davenport Campbell, worked with Mirvac to design the headquarters to support the diverse and specific needs of its workforce while actively promoting collaboration and flexible working. The workplace also integrates ‘smart’ technology that monitors air quality, sunlight, power and water usage, adjusting the internal environment according to the needs of the building and its occupants, allowing for efficiency improvements to be made in real time.
Mirvac’s General Manager of Commercial Development, Simon Healy said, “This landmark building incorporates world-leading technology and unique design, while also activating the ground plane and surrounding laneways, creating a well-connected bustling precinct with spaces for the whole community to work, relax and socialize.”
The Property Council of Australia Awards are one of Australia’s most prestigious property awards programs. The National Innovation & Excellence Awards has promoted excellence in design and innovation in the built environment since 1982.
The future of workspaces (it’s not just remote working)
Continuous advances in technology and changes to the workforce will have a huge impact on jobs and workplaces in the future, with professional services firms already affected by the rise of machine learning and artificial intelligence.
Computers are now performing a larger number of data related tasks, meaning firms will hire more digitally trained, high performing employees, forcing them to compete with digital companies, such as Amazon and Google, for top talent. This new talent landscape will require firms to improve their workplaces to remain competitive and attract the best workforce.
A leading workplace of the future is not just about allowing employees to work remotely. It’s first considering the needs of your employees to build a workplace that will suit their specific requirements, provide new experiences, seamless connectivity and is values driven. Companies are moving away from line of sight management to output driven performance indicators, meeting the growing needs of a flexible and independent workforce. Below are five key trends impacting the way we work and the future design of office space.
By 2025, 75 per cent of the global workforce will be Millennials, a generation driven by experience. This means workplaces need to be more than just a place to do business, they need to represent the values of the business, providing different spaces and places linked to high speed seamless connectivity to suit a mobile workforce. This experience will begin before they arrive in the lobby, with information flow and cloud applications helping to improve efficiency of employees. We are also seeing a blurring of business and leisure at traditional offices, and if companies get the balance right, it will be a real differentiator in attracting top talent and staff retention. The ability to take time out to meditate, relax, escape from work is now an essential ingredient in any office, with companies such as Salesforce adding a meditation/relaxation space on every floor of every building they occupy.
Some companies have created a chief experience officer (CXO) role to achieve this, as workplace experiences can help to drive culture and engagement. Essentially, we will start to see an increase in curated spaces with the new role of community manager beginning to rise in the corporate environment; someone who will manage your staff ensuring they have an employee experience to match that of a customer. When employees are fully engaged there is a 31 per cent increase in productivity, however statistics show that three-quarters of employees around the world are not highly engaged, which creates a big opportunity for companies.
A number of accounting firms have also focused on the customer experience within their workplace, with firms creating client concierge services and lounge areas, to build a stronger relationship with their clients.
Flexibility in the workplace
Employee flexibility in the workplace through activity-based working is allowing firms to better use their space by doing more with less. Activity based working means employees are no longer assigned to a desk and can locate anywhere in the office to suit the work they are undertaking. Even this approach is now being overtaken by the next trend of ‘agile working’ with companies such as Spotify, ANZ and NAB creating tribes, squads and chapters, to run their business. This requires a different type of space again, such as stand up morning meeting areas and interactive walls for group thinking.
A benefit of flexible working for firms is they can maintain, or potentially reduce, space as they grow, ultimately better controlling their occupancy cost and overheads per person. To achieve this companies need to understand the utilisation of their space through sensors and data analysis.
Keeping up with the latest technology is essential when attracting employees, as we have all come to expect fast, effective connectivity, with the ability to use smart devices in the workplace and increased mobility an essential part of work. Technology is a major enabler, allowing employees to be mobile and flexible both inside and outside the office.
For accounting firms to be successful in delivering this environment they need to ensure the technology infrastructure is in place in both the building, the cloud and their workplace, factoring in the potential of future advancements in technology.
Buildings are becoming increasingly smarter with some incorporating sensors to track air quality, desk utilisation and building performance to help improve employee’s work environment. For example, Mirvac’s headquarters at EY Centre, 200 George Street ensures all building data is available to employees via a SMART dashboard.
Gig economy and collaborative workspaces
The gig economy is an environment in which temporary positions are common and organisations contract with independent workers for short-term engagements. This trend is well underway with a study by Intuit predicted that by 2020, 40 per cent of American workers would be independent contractors. The emergence of cloud technology is allowing employees to work from just about anywhere, leading to more part-time and freelance work, co-working spaces and activity-based working. More and more people desire to work as freelancers or contractors, even in big businesses. For example, Deloitte has created the Open Talent network to allow freelancers to connect with the work they love, or the reverse, where companies such as Topcoder provide an opportunity for freelance work with over one million experts within their community.
As a result, companies need to be flexible in catering to expanding and contracting workforces by exploring options like co-working. Collaborative working spaces allow corporates and start-ups to hire desks in a workplace and scale-up or down as needed. It’s also an effective way to interact with other companies and work together to solve business problems.
Health and wellbeing
Employees are increasingly looking to work in healthy workplaces and to go home feeling happier and more productive. As a result we are seeing more companies implementing wellness programs in the office and seeking to achieve a WELL Certification from the International WELL Building Institute – the only certification to focus on the health and wellbeing of a building’s occupants. It is achieved by receiving credits across seven categories including air, water, nourishment, light, fitness, comfort and mind. The WELL Certification sees companies employ a range of wellbeing initiatives such as a regular yoga class in the office, outdoor terrace spaces for fresh air and gym facilities to encourage employees to get active.
Companies that do invest in health and wellness initiatives are seeing a threefold return on their investment in the form of higher staff engagement, reduction in sick days and increased productivity.
These are just a few of the trends impacting employee’s needs in the workplace, due to the continuous advances in technology. Understanding which of these trends applies to your employees is essential to developing the best workplace for your company’s future. When planning a new workspace, Mirvac recommends working with a property consultant, having a clear brief and setting up a pilot workspace to inform the best configuration and right requirements for your company before making a move.
Paul Edwards, general manager of workplace experiences, Mirvac
A trifecta of awards for Mirvac’s Francis-Jones Morehen Thorp-designed EY Centre
Mirvac and AMP have won three categories at this year’s International Property Awards (IPA) for EY Centre, 200 George Street in Sydney’s CBD, taking its total award tally to 12 so far.
The EY Centre won IPA awards in the High Rise Development and High Rise Architecture categories, as well as the Office Interior category for Mirvac’s headquarters located within the building.
According to Mirvac’s head of Office & Industrial, Campbell Hanan, “It’s a fantastic achievement for Mirvac, together with our architects Francis-Jones Morehen Thorp, and our workplace advisory firm, Davenport Campbell, who significantly contributed to the creation of this world-class building and our state of the art headquarters.”
In terms of sustainability, EY Centre, 200 George is Australia’s first fully LED lit building, resulting in reduced power consumption costs, lower maintenance cycles and a reduction of landfill. It also features the world’s first closed-cavity façade and timber blind system, which enables tenants to control the light and heat radiating from outside.
The façade has been designed to reduce the need for a large energy plant and engineers significant cost and energy savings which contributed to Mirvac’s headquarters achieving Australia’s first Gold WELL rating from the International WELL Building Institute in 2017.
So far, the EY Centre has won or has been highly commended for:
Architecture and Design Sustainability Awards (Commercial Development)
Australian Institute of Architects National Architecture Awards (The Harry Seidler Award)
UDIA (Commercial Development)
Urban Taskforce Awards (Commercial Office City Development Best Office Tower of the Year)
Council of Tall Buildings and Urban Habitat Awards – Finalist Construction category
Green Globe Awards
Australian Institute of Architects National Architecture Awards (The Harry Seidler Award)
Australian Construction Achievement Award
Sydney Design Awards (Architecture, Commercial, Constructed – Silver Winner)
AIB Professional Excellence in Building Awards (Adam Sutherland)
Facility Management Awards (Sustainability and Environmental Impact; Occupant Safety and Wellbeing; People and Productivity)
New discussion paper heralds the next evolution of the smart precinct
Mirvac Group has launched a new discussion paper on the next evolution of smart precincts.
Titled The Future of the Smart Precinct, the whitepaper explores the impact of city-wide innovation and regeneration and the physical-digital mix of the smart precinct as a predictor for the future of our workplaces and cities.
Paul Edwards, General Manager of Workplace Experiences at Mirvac, said “As the testbeds for urban innovation and workplace trends, smart precincts are emerging as the most exciting projects of our time, providing an insight into the future of work and how our environment will be shaped in the next 20 to 30 years.
“Striking a balance between the human experience and the rise of technology is at the heart of future development and will be key to creating vibrant, collaborative and inclusive cities for generations to come,” Mr Edwards said.
The discussion paper outlines the changing demographics of urban populations, sustainability and advances in technology such as the increase of AI and robotics, as the global drivers underpinning the evolution of smart precincts.
“AI and robotics will play an increasingly prominent role in smart precincts, from the garbagebots that will collect the rubbish to the chatbots that will replace humans in many routine office jobs. The need to reskill our workforces in the face of this automation will bring the education and lifelong learning mission of the smart precinct to the fore.”
The report identifies five new concepts appearing in smart precincts around the world:
The New Bargain – technology companies, citizens and city planners will strike up a deal to ensure all parties benefit from the flow of data within new smart precincts
New Space Logics – the sharing of space and social organisation where large corporates share office space with start-ups, and retirement villages share space with childcare centres
Creative Citizenship – the use of online collaborative platforms allowing citizens to co-design their public spaces
Foreground-Background – the importance of smart precincts creating a new blend of urban change and continuity, combining noisy public areas with spaces for quiet reflection
The Civic Supermind – the connection between technology and people in a smart precinct to generate a collective intelligence
The Future of the Smart Precinct discussion paper was launched by Paul Edwards at a VIP Masterclass held at Mirvac’s headquarters at the EY Centre, where global leaders in workplace trends Matthew Claudel, American author, academic and entrepreneur of Massachusetts Institute of Technology and Philip Ross, Chairman at WORKTECH Academy and CEO of Unwork and Ungroup, presented their thinking on the future of smart precincts.
Philip Ross predicted the next phase in the evolution of the workplace would see the re-emergence of medieval-style city guilds.
“As location becomes less important for workers, we are likely to see a return to the origin of cities where guilds were the focal points of business – places for likeminded people to gather and share ideas based on their skills or profession,” he said.
Mirvac’s Australian Technology Park (ATP) in Eveleigh Sydney is a leading example of a smart precinct, incorporating many of the concepts explored in the discussion paper.
“Mirvac has placed community, sustainability and technology at the core of design at ATP. With the sharing of space and increased accessibility to data, we can see New Space Logics and The New Bargain concepts playing out in the development of the site, which is set to become a technology ecosystem that will position Sydney and Australia as a global leader,” Mr Edwards said.
Once complete, ATP will become a wellness precinct with flora and fauna, an outdoor gym and skate park – all accessible to the broader community. The first ever rooftop farm in Australia is planned for the precinct, providing access to locally grown produce and promoting community learning. In addition, Mirvac will deliver a zero carbon building as well as 1MW of solar power via panels located throughout the precinct, all alongside the restoration and reuse of the historic artefacts and the heritage listed Locomotive Workshops.
Through Hoist at ATP, Mirvac is working with a tech makerspace provider to deliver a space with memberships for start-ups and scale-ups. Idea prototyping and experimenting is imperative for many start up businesses but they often cannot afford to go it alone.
“The right balance of occupants, constant human-to-human interaction, fluid international connectivity, sustainability, diverse and flexible spaces and a strong identity all ensure the creation of a thriving community where technology will support a rich human experience,” said Mr Edwards.
Mirvac partnered with WORKTECH Academy, a global knowledge platform for the future of work, to co-author the report. The discussion paper is the sequel to Mirvac’s ‘The Intermix Approach: Activating the Smart Precinct’ discussion paper launched at WORKTECH last year.
For further information please contact:
DEC PR on behalf of Mirvac
(02) 8014 5033
“Striking a balance between the human experience and the rise of technology is at the heart of future development,” says Mirvac’s Paul Edwards as the company looks to the future of smart precincts.
Mirvac has launched a new discussion paper, The Future of the Smart Precinct, which examines the “physical-digital mix” and to the preserve the “human experience” despite the influx of new technology.
“As the testbeds for urban innovation and workplace trends, smart precincts are emerging as the most exciting projects of our time,” says Paul Edwards, Mirvac’s general manager of workplace experiences.
Changing demographics of urban populations, sustainability and advances in technology such as the increase of AI and robotics are global drivers underpinning the evolution of smart precincts, he says.
“AI and robotics will play an increasingly prominent role in smart precincts, from the garbagebots that will collect the rubbish to the chatbots that will replace humans in many routine office jobs.”
But don’t think smart precincts are just about technology, Edwards warns.
“A smart precinct is first and foremost about community,” he says.
And that means not being blinded by high tech wizardry at the expense of important planning considerations like diversity, fairness, privacy and sustainability.
The report identifies five new concepts appearing in smart precincts around the world:
The new bargain – technology companies, citizens and city planners strike deals to ensure everyone benefits from the flow of data
New space logics – new models of collective organisation emerge, from large corporates sharing office space with start-ups to retirement villages co-locating with childcare centres
The civic supermind – connecting technology and people in a smart precinct to generate a collective intelligence
Creative citizenship – online collaborative platforms allow citizens to co-design their public spaces
Foreground-background – smart precincts combine the buzz of public streets with spaces for quiet reflection.
Edwards says Mirvac is looking at its sites “beyond the homogenous use of space to ensure a fluid integration of work, lifestyle, leisure and even living spaces”.
He points to Mirvac’s Australian Technology Park in Sydney’s Eveleigh as an example of a smart precinct where “community, sustainability and technology are at the core of design.”
“We’ve pushed the boundaries at Australian Technology Park by creating a zero carbon building, adding one megawatt of solar power via panels throughout the precinct and establishing a roof top farm.”
Extracting the shared value found in data will also be essential in the smart precincts of the future.
“Community members will want to know what personal data is being collected and how it is being used.”
Developers will need to get cracking on new governance models that balance open source data with a robust approach to security.
“We will need a new level of transparency and trust among all community members,” Edwards concludes.
Smart precincts to predict the future of workplaces
Trends including the impact of automation and other technologies on employment and the development of smart cities will trigger an evolution of the smart precinct, acting as a testbed for urban innovation and workplace trends, according to real estate group Mirvac.
In a new discussion paper, Mirvac and knowledge platform WORKTECH Academy argued that smart precincts are providing an insight into the future of work and how urban environments will be reshaped over the next 20–30 years.
Changing demographics of urban populations, sustainability and advances in technology such as AI and robotics are acting as global drivers for the evolution of smart precincts, according to Mirvac GM of Workplace Experiences Paul Edwards.
“Striking a balance between the human experience and the rise of technology is at the heart of future development and will be key to creating vibrant, collaborative and inclusive cities for generations to come,” Edwards said.
“AI and robotics will play an increasingly prominent role in smart precincts, from the garbagebots that will collect the rubbish to the chatbots that will replace humans in many routine office jobs. The need to reskill our workforces in the face of this automation will bring the education and lifelong learning mission of the smart precinct to the fore.”
Mirvac’s own planned Australian Technology Park in Eveleigh, Sydney, has incorporated many of the concepts explored in the discussion paper.
These include a design involving the sharing of space by large corporates and start-ups, and a “new bargain” whereby technology companies, citizens and city planners will strike a deal to ensure all parties benefit from the flow of data within smart precincts.
The precinct is expected to house the first rooftop farm in Australia, be a zero carbon building and be powered by solar panels located throughout the precinct.
The precinct will include Hoist, a space for start-ups and scale-ups to conduct idea prototyping and experimenting.
At a launch event for the discussion paper held at Mirvac’s headquarters at the EY centre, global workplace experts presented their visions for the future of the smart precinct.
WORKTECH Academy Chairman and Unwork and Ungroup CEO Philip Ross predicted the next phase of the evolution of the workplace will see the re-emergence of medieval-style guilds.
“As location becomes less important for workers, we are likely to see a return to the origin of cities where guilds were the focal points of business — places for like-minded people to gather and share ideas based on their skills or profession,” he said.
On March 20, at an exclusive WORKTECH Sydney breakfast event, Mirvac launched ‘The Future of the Smart Precinct’ report.
This report looks at the physical–digital mix of the smart precinct and at how a balance can be achieved between the human experience and an influx of new technology.
Smart precincts are defined in the report as digitally enabled, mixed-use urban districts that combine the latest technologies and smart services with new property and place-making strategies.
The new report builds on a 2017 Mirvac study of ways to activate the smart precinct, in which the term Intermix was used to describe how the various elements might be woven together in different configurations.
To produce this second report, Mirvac worked with WORKTECH Academy to conduct in-depth interviews with a range of international experts in urban design, architecture, technology, infrastructure, property and city-making.
The research revealed a series of new perspectives on smart precincts as well as the key challenges they face, illustrating the need for a balance or a bargain to be struck between the human and the digital. The report concludes with a case study of Mirvac’s ATP project in Sydney.
A LEADING provider of audit, tax and consulting services has taken a full floor in a Mirvac Group-owned office tower in the Brisbane CBD.
RSM Australia has a seven-year lease on 659sq m at Mir-vac’s refurbished 16-storey tower at 340 Adelaide St.
RSM Brisbane’s managing partner Andy Graham said a key criteria for choosing the building was the column-free large floor plates, ample natural light and wellness facilities.
“By working with Mirvac we were able to create a functional, collaborative space for the team to enjoy informal gatherings,” he said.
Rubicon Red, a professional and managed services for Oracle Cloud Platform, has a three-year lease on 129sq m in the building.
Mirvac’s Head of Office and Industrial Campbell Hanan said they were welcome additions to 340 Adelaide St.
“The home to the Brisbane head office for Oracle, also known as Oracle House, the building has become a hub for leading technology and fin-tech businesses in the city.”
Following a building refurbishment in 2015 tenants at 340 Adelaide St now enjoy ac-cess to a range of on-site amenities, including a new end-of-trip facilities, bike storage and a wellness room which offers yoga and meditation classes throughout the week.
Mirvac’s newest Docklands project, 664 Collin St, will showcase eight-metre LED artworks by Swinburne University students on its lobby walls.
While Mirvac has previously focused strongly on art, development manager Scott Jarzynka said it wanted to differentiate this project.
“We thought we’d create a more dynamic piece, with constantly changing digital art work,” Mr Jarzynka said. “The idea is you’re not seeing the same thing every day.”
More than 50 students studying a Bachelor of Design (Digital Media Design) and Masters of Design are creating concepts for the artwork. The digital screen will display selected content that intrigues, entertains and tells stories fed by local and urban data.
There have been 35 submissions already from the first stage.
“We’re very impressed by stage one content and are gearing into the second stage now,” Mr Jarzynka said.
Mr Jarzynka said Mirvac was determined to get the best students possible for the job.
“We talked to a lot of local universities and found that Swinburne was the best place to partner with,” he said.
Bachelor of Design student Serena Peregin has created Behind Sunlight for the project, inspired by solar energy.
“It starts off as a blank wall and it slowly kind of turns,” she said.
“The wall flips out in a tiled pattern and eventually you see through the wall into what’s happening behind it.”
What’s happening behind the wall is an artistic representation of solar energy being converted into electrical energy. Then, slowly, the wall closes back up. The loop lasts exactly five minutes.
“It was a really cool experience to work with an industry partner,” Ms Peregin said.
“At university you’re doing a lot of projects that are made up so it was really awesome to work on a real project with a real partner.”
Mirvac signs energy provider to 664 Collins Street
Australian energy provider AGL has struck a deal for more than 6000sq m at Mirvac’s 664 Collins Street, making it a fully-occupied building before it has reached practical completion.
AGL will join Pitcher Partners and Fujitsu in the 26,000sq m office tower, committing to lease over across two floors.
Construction on the 100% leased building is expected to be completed by mid-2019.
In June last year, Mirvac successfully sold down 50 per cent of the building to an investment vehicle sponsored by Morgan Stanley Real Estate Investing for $138 million.
The building was developed to feature a 5-star Green Star and 5-star NABERS environment, featuring elements like effective space utilisation, waste management and energy efficient systems.
Mirvac head of office and industrial Campbell Hanan said 644 Collins Street was developed to respond to the changing forces of work and employee experience, which demands more from the built form than ever before.
“644 Collins is designed to incorporate leading smart technology and real-time data collection to improve workforce utilisation and efficiencies, while creating an intuitive working environment.”
Having committed to operating out of 644 Collins Street, AGL will also supply and install a 180kW rooftop solar array to offset base building consumption.
Upon practical completion, 664 Collins Street will be the final stage of the Southern Cross Station complex.
The development embraces best-in-class end-of-trip facilities and on-site parking. It will also feature an eight metre digital artwork in the lobby, developed in partnership with Swinburne University students.
Moving day for AGL, together with Fujitsu, will be in September 2018 with Pitcher Partners set to occupy over 9,000 square metres and more than three levels of the building in June 2018.
Eveleigh: Construction at Australian Technology Park is racing ahead of schedule. The first building in what will be the Commonwealth Bank's billion dollar headquarters was topped out today with the next building going up even faster.
Mirvac Group’s 90 Collins Street tower in Melbourne is fully leased after is secured three new tenancies. Click Energy has leased over 1,300 square metres on a five-year term; Merricks Capital approximately 500sqm on an eight-year term; and, McDonald Murholme over 900sqm over five years. The A-grade office tower offers 21,000 square metres of workspace over 21 levels.
EY Centre’s appeal proved irresistible for Mirvac which, half-way through the development process, decided to locate its headquarters across six ﬂoors of the building.
The key word here is ‘integration’ because the development process was so fully integrated that the design of Mirvac’s own workplace over six vertically connected levels of the building was always going to be an extension of the building fabric itself.
Mirvac owns the land and was both developer and builder. It is also 50 per cent owner of the building as well as managing it and being its own tenant. From the beginning, the whole development process was highly integrated and client-responsive. The project also represented a major shift in commercial building development: from designing buildings to designing for the people who would work in those buildings, prioritising the needs of individuals over the companies who employ them. It was this process which inﬂuenced Mirvac to move its own headquarters into the building. Mirvac itself – as designer, builder and developer – is a highly integrated organisation in which all parts of the company need to work together. It was this model that was applied to the development of what was to become the commercial tower known as the EY (Ernst & Young) Centre, designed by architects, fjmt. It was a highly consultative process involving all the stakeholders, including both employees and future tenants. This was particularly the case with Mirvac’s own tenancy, with Mirvac employees consulted throughout the process, which enabled the design team to develop a thoroughly customised workplace.
A Humanised Workplace
This was an approach which aligned perfectly with Davenport Campbell (the designers of the Mirvac interiors) because, in recent years, the practice has honed a strategy aimed at producing bespoke
environments tuned to the speciﬁc needs of each individual business. For example, Davenport Campbell has come up with Seven Principles of Human Design Thinking for Workplace Design, consisting of: Not everyone works in the same way; humans work to a natural cycle; create place, not space; help people do their best; everything effects emotions; make people feel safe to work differently; and use technology to enable people to interact. Consistent with this approach, Davenport Campbell set up a pilot space which gave Mirvac employees the opportunity to ‘test drive’ the new workspace while giving the designers the opportunity to evaluate feedback and modify designs as necessary.
The ﬂoorplates are designed to allow teams to connect not just horizontally, but also vertically, making the building inherently predisposed to promote ﬂexible work practices. This is supported by the fact that the EY Centre is a ‘smart’ building where technology in Mirvac’s tenancy constantly monitors air quality, sunlight, power and water usage, while automatically adjusting the internal environment for the optimum comfort of its users. This begins with the innovative closed cavity façade with its golden internal timber louvres, which optimise natural light and connection to the outside without compromising internal comfort. A ‘smart tenancy’ app and interactive display screens help both visitors and employees make the best use of facilities, providing guidance through the building and updates on room availability, among other features. Similarly, data management has taken a ‘human-centred’ approach, which enables Mirvac to analyse, assess movement, collaborate and utilise the workspace to optimise overall use.
While vertical connection is both a physical and visual connection between all six levels – pivot around each of the ﬂ oor functions. Activity points around the staircases include presentation spaces, encouraging interaction, spontaneous informal meetings and a sense of constant, productive activity. Eff ectively, it is Mirvac’s own version of activity-based working and uses a now common urban planning model for the overall organisation of the workspace. However, this is a much less gridded version of the town model usually seen, one informed by the rounded end forms of the ﬂoorplates. Hence, while there is a central, common area with associated multifunctional spaces and a ‘main street’ connecting the ‘neighbourhoods’, there are also minor streets leading off to intriguingly conﬁgured networks of work spaces.
The hub of Mirvac’s tenancy is the Town Hall, a communal space with a proﬁt-for-purpose café, designed to bring employees together informally. Then there are the ‘neighbourhoods’ which consist of meeting rooms and offices clustered around a ‘main street’ and offering sit-to-stand and drafting-height desks, conventional workstations, quiet spaces, synergy points and collaboration pods. The detailing, which includes everyday decorative objects housed in bespoke shelved joinery, is warm and natural and aims to promote a home-away-from-home atmosphere.
Mirvac’s aim was for a high performance workplace customised to suit the diverse but integrated activities of the company. Mirvac was also aiming to engender gradual behavioural change, a cultural transformation to match the Group’s integrated model.
Mirvac’s James Harvey (then program manager – transforming the way we work, and now innovation lead – retail, sustainability and corporate), says Mirvac “has become more efficient with commonplace these days, the Mirvac workspace has made the connecting staircases – which provide space, reduced our carbon footprint, turned into a highly mobile organisation, formalised ﬂ exibility into policy, and produced a happier and more engaged workforce.” He continues: “It’s also given staff a stronger sense of productivity as line-of-sight management is a thing of the past. Outcome-based roles are now in line with
a cultural shift, but they still need to be managed correctly with constant communication.”
Supporting Harvey’s reﬂections, The Building Occupants Survey System Australia tool was used to measure Mirvac’s employee satisfaction. This showed a 35 per cent improvement for overall health performance, health and productivity (the building includes generous end-of-trip facilities). Noise distraction and privacy scores improved 50 per cent as did spatial comfort scores. Satisfaction with visual aesthetics increased from 30 per cent to 91 per cent and the perception of how workplace positively inﬂuences health increased from 33 per cent to 88 per cent compared to the previous office.
As commercial projects go, they don’t come more integrated than Mirvac’s headquarters at the EY Centre. Starting with Mirvac itself as a multifaceted property development company, to the base building which integrates into its contemporary and historical cultural context. From there, Davenport Campbell’s ﬁ t-out was able to take advantage of an exceptional building fabric to design a high performance workplace, which is homely, relaxing and inclusive. Or perhaps this is actually why the space is so efficient: it generates such a sense of physical and emotional wellbeing, backed up by state-of-the-art technology – so the people working in it are inevitably more productive and creative.
We often forget that sustainability is an ecosystem including environmental, economic, social, emotional and cultural aspects. EY Centre adopts a holistic approach. It is fully LED-lit, SAMBA sensors monitor air quality, lights are programmed to vary brightness and darkness to maintain optimum circadian rhythms... and the building recycles its own water! It has extensive end-of-trip facilities, high levels of natural light and improved air quality through a combination of active chilled beams, V.A.V.D. systems and the use of low-VOC materials. As a ‘good neighbour’ it references the forms and materials of key nearby buildings while its modelled form and use of natural materials ensure it does not impose itself on its urban context. It celebrates its cultural heritage by reproducing the outline of the former foreshore and through a striking lobby artwork by Judy Watson, using sandstone quarried from the site. More than 23,000 archaeological artefacts were recovered prior to construction; a selection is permanently displayed in glass vitrines in steps outside the building. It’s really no surprise that Mirvac’s tenancy has achieved the ﬁrst GOLD WELL Rating in Australia, and a 6 Star Green Star Interior As-Built rating. EY Centre itself has achieved a 6 Star Green Star Office Design v3 certiﬁed rating; 6 Star Green Star Office As-Built v3 certiﬁed rating; targeting a 5 Star NABERS Energy rating and targeting 4 Star NABERS Water rating.
Three Sydney towers – Mirvac and AMP’s EY Centre, Lendlease’s International Towers at Barangaroo and Frasers Property Australia’s Lumiere – have been named finalists ahead of the world’s most prestigious tall building awards in May.
The annual competition, held by Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH), celebrate the best in innovative tall buildings, urban spaces, building technologies and construction practices from around the world.
According to awards jury chair, Karl Fender, director of Australian architecture firm Fender Katsalidis, “being recognised by the world’s premier authority on tall buildings is a great honour,” and “helps drive innovation across all disciplines in our industry”.
Mirvac’s EY Centre on George Street is a finalist in the best construction category, and is up against three American and one Chinese building.
Bay Warburton, Mirvac’s head of stakeholder relations, says the 37-storey tower has “set industry benchmarks for sustainability, innovation, heritage integration and construction techniques in Australia and around the world”.
In 2017, the EY Centre achieved Australia’s first WELL rating from the International WELL Building Institute.
Lendlease’s three International Towers at Barangaroo are competing against eight other buildings from Singapore, China and South Korea in the best tall building category for the region, as well as in the urban habitat category.
Designed by Rogers Stirk Harbour + Partners, the three towers collectively offer 280,000 sqm of office space. Tower One, at 49 storeys, is Australia's largest office tower.
Frasers Property Australia’s apartment building Lumiere, also on George Street, is squaring off against seven other projects for the special ten-year award.
Among those in the running for the 10 Year Award are the world trade centres in Shanghai and Bahrain, San Francisco's federal building and the Manchester Civil Justice Centre.
Frasers Property Australia’s One Central Park was recognised as the world’s best tall building in 2014.
Meanwhile, Hickory Building Systems is a finalist for an innovation award. Hickory has developed a prefabrication construction method, pioneered on Melbourne’s La Trobe Tower.
Developer Mirvac has announced the latest culinary addition to its new Southbank dining and retail destination at Riverside Quay.
The team behind San Telmo and Pastuso has signed its latest venture, Asado Bar and Grill, due to open in April 2018 as part of Mirvac’s transformation of Riverside Quay.
Asado will occupy a prime 450-sqm space overlooking the new park at what will be known as Riverside Square.
Co-owner David Parker said, with a menu focused on meat cooked over a grill and fire, Riverside Quay was the perfect place for the venue’s style of dining.
“Riverside Quay really appealed to us due to the corner location of the restaurant, opposite the public park, with high glass windows flooding the venue with natural light,” he said.
“It also has the option for indoor and outdoor dining, the perfect spot for lunch, afternoon drinks or dinner with views to the Yarra River.”
Mirvac’s group executive of office and industrial Andrew Butler said the retail destination at Riverside Quay would rival the dining options in the CBD and would cater for residents, visitors and office workers.
“With 2 Riverside Quay fully leased before completion to PwC and Fender Katsalidis, the new retail precinct and public park will complete the redevelopment of the precinct providing a high level of amenity,” he said.
Mirvac’s Riverside Square will open in December and the new dining and retail precinct is due to open in April 2018.
Melbourne office growth benefits from rise in population and pricing
Property giant Mirvac has offered a bullish outlook for new office projects in Melbourne based on its strong population growth and relatively affordable housing. Office tenants have been drawn from inner suburbs to the Melbourne CBD, which is only slightly more expensive, unlike Sydney where a move to the city can involve hefty imposts. Technology companies had been setting up shop in the inner city as the war for talent heats up, Mirvac head of office and industrial Campbell Hanan said.
The group yesterday launched its Olderfleet office development at 477 Collins Street in Melbourne, here construction began in May and completion is set for 2020. The Grimshaw Architects-designed tower will have Deloitte as its anchor tenant, taking 22,000sq m of office space in a building of about 55,000sq m.
The building is about 50 per cent committed, and, as previously flagged by The Australian, law firm Norton Rose Fulbright is understood to have agreed terms. Tenants have been moving from the inner suburbs to the CBD as the good public transport access made it easier to attract talent, Mr Hanan said.
It costs $180 per square metre more on average to rent office space in the Melbourne CBD than in the suburbs. But in Sydney the spread between Parramatta and CBD rents is a much more significant $690 per square metre. “A lot of (Melbourne) tenants will move and pay more rent because they’ll be going to more efficient buildings,” Mr Hanan said. “You can take less space and the occupancy cost will be the same.” The group is “very interested” in finding its next office development opportunities in Melbourne but is finding it “competitive” as land values rise. Mr Hanan backed the city’s strong population growth, net migration from interstate and off shore inbound tourism, deep employment base and more affordable housing and cheaper office rents than Sydney. Technology companies were also likely to be a good fit for the group’s office projects as the industry takes up more space in major cities around the world. Melbourne’s office market has been tight but the western end of Collins Street is a hive of activity. Mirvac is on track to complete another office tower at No. 664 in the first quarter of next year, while Cbus Property’s Collins Arch project is at No 433 and Lendlease’s Melbourne Quarter is at No 699.
Diversified property Group, Mirvac, has leased a 17,000 sqm industrial facility to household and commercial appliance manufacturer Miele, at its Calibre industrial development at Sydney's Eastern Creek.
The lease term is seven and is made up of 17,000 sqm of warehouse facilities and 780 sqm of office and showroom space, purpose built for Miele.
The fit out and design of the facility was handled by SBA Architects. The property's features are state of the art including flexible meeting and recreational spaces, a 20-metre cantilevered awning, double-glazed facades, a solar photovoltaic system supplementing Miele's power requirements, solar hot water and smart metering.
There are indoor and outdoor spaces for Miele staff as well as sustainability features, including a five-star green star rating.
The property is in a prominent position at the entry of the Calibre estate.
The rent is confidential but indicative pre-lease market rent for premium industrial space in Western Sydney is about $105 to $115 per sqm. Mirvac's industrial development director, Fabian Nager said the Miele building would establish a new standard for office, warehousing and showroom facilities in Western Sydney. "We're extremely happy to have Miele joining the Calibre estate. The leasing agreement bolsters our long-standing relationship with the business, as a major supplier of appliances to Mirvac's residential business", Miele ANZ managing director Sjaak Brouwer said. "We has some key requirements for the new site - it has to facilitate future growth, it has to be accessible and close to arterial roads and reflect the premium positioning of the Miele brand".
Mirvac buys Parramatta offices from CorVal for $86.3m
Diversified property group, Mirvac, has snapped up an A-Grade twin office tower at 75 George Street, Parramatta in Sydney's West from property fund manager and investor CorVal for $86.3 million.
The 9568 sqm six-level property is fully leased and major tenant St George Bank occupies 68% of the building. It has a net annual passing rent income of $4.8 million.
The acquisition is Mirvac's foot in the door into the highly competitive Parramatta office market, which due to it growth as the Sydney second CBD has no vacancy in prime grade office space.
Mirvac joins the slew of international commercial property investors and developers including Walker Corporation, GPT Group and Coombs Property Group flocking to the suburb to gain exposure to its office market. "This acquisition provides us with exposure to the Parramatta CBD market, which has been one of the strongest performing markets nationally, with a prime vacancy rate that has averaged below 3% for the past decade," said Mirvac's head of office and industrial, Campbell Hanan. "This acquisition is well-timed to capitalise on $10 billion in committed infrastructure investment underway, which will transform Parramatta into a second Sydney CBD with significant scale."
CorVal bought the underdeveloped tower in 2012 for just over $32 million and it has just obtained approval to add another two floors of 2600 sqm office space to the building. The property comes with a scheme to redevelop the building into a 36-level tower on a 2668 sqm site. While underdeveloped, its ground-floor foyer has been upgraded and there is a fully refurbished fifth floor. The gave Mirvac the opportunity ti develop a new landmark commercial office tower, Mr Hanan said. "This acquisition sits within Mirvac's directional mandate to acquire assets in key urban locations and highlights our capacity to source and secure core assets with future development opportunities," he said.
Mirvac’s Campbell Hanan on a mission to boost creativity
Mirvac Group may be best known for its high-rise apartments today, but office and industrial projects will play a bigger role in the company's future if the head of that area, Campbell Hanan, gets his way.
The seasoned executive, perhaps best known for building up and leading the Investa Office platform, is bullish about his home of almost two years. The unashamed office specialist has been on a steep learning curve at the $17 billion Mirvac platform, where he heads the Office & Industrial business.
Mirvac also has strongly performing retail businesses and a focus on opportunities thrown up by Australia's urbanisation. Hanan nods to Mirva's deep roster of capital partners, with few parts of Asia not represented among investors supporting its office and apartment projects.
The business has also provided a window into workplace sustainability and innovation initiatives that he says are important to the next generation of tenants. Hanan has been behind new fun tie-ups with Morgan Stanley in industrial, and new Asian-based partners on office developments. But it is clear the executive, who completed and MBA while at Investa, is enjoying his role at a traditional development company. "The ability to create is important," he says, adding that this philosophy permeates the entire company. "It's having the DNA around development," he says, citing premium Mirvac towers in which the group's property trust has kept an interest. The portfolio is anything but static and Hanan has major leasing briefs at his fingertips. But he is more than a deal-maker and is driving new approaches across Mirvac assets.
Teh company has a venture with tech company York Butter Factory for an innovation precinct at the Redfern-based Australian Technology Park. Hanan is also seeking to team more closely with tenants and is pitching bespoke buildings. "We are extremely aware of the changing dynamics in works places," Hanan says, citing the growing role of temporary workers, more leisure-orientated millennials and co-working spaces.
While stand-alone buildings may be under threat and some landlords are on the back foot, Hanan is keen to meet the threat. "One of our goals is to have the smartest portfolio in the country," Hanan says. He envisages futuristic vertical communities comprised of mobile workers. A more data-driven approach will also allow major corporates to maximise how they use space. "When you look at the companies doing well globally - they're all kind of customer obsessed and that's one thing we're aspiring to be," he says.
We are extremely proud to announce EY Centre, 200 George Street, won Australia's top commercial architecture award at the 2017 National Architecture Awards, which was held on Thursday, 2 November, EY Centre received The Harry Seidler Award for Commercial Architecture for bringing what the jury described as a "distinctly public character" to a part of the Sydney CBD undergoing great change.
The jury also praised the building for its high level of environmental performance and for its treatment of people on the groundplane.
Ken Maher, jury chairman, told the Australian Financial Review, "we think it sets a new benchmark for how to deal with urban towers and is one which adds to the public experience of the city, as opposed to separating themselves from that."
Mirvac revives Melbourne with launch of Collins Street office development
Nick Lenaghan and Larry Schlesinger
Mirvac has launched its development of a $750 million-plus premium office tower on Melbourne’s Collins Street that will incorporate the stunning facade of a “marvellous Melbourne” era building. With Deloitte signed on as its anchor tenant for 22,000 square metres in the 58,000 square-metre building, the developer is on track to complete the project by the middle of 2020. Chief executive Susan Lloyd-Hurwitz said the 40-storey tower rising behind the historic Olderfleet buildings on Collins Street will be one of Mirvac’s largest commercial developments in Australia.
Mirvac is aiming high. The Grimshaw Architects-designed project includes a terrace wrapping around the rear and side of the building, allowing sky-high views over Melbourne.
Mirvac’s chief executive Susan Lloyd-Hurwitz with Melbourne Lord Mayor Robert Doyle at the Olderfleet launch. The project is targeting 5-star Green Star sustainability rating and an international platinum WELL certification. "We understand the importance of creating workplaces that are good for people, that inspire and grow with an organisation and its workforce. Olderfleet will achieve this,” Ms Lloyd-Hurwitz said at a launch event on Monday.
The new building will host one of the largest lobbies in Melbourne with a 30-metre-high glass atrium, allowing visitors to look back up at the restored Olderfleet buildings. The Olderfleet Buildings are recognised as one of the best-preserved examples of the “marvellous Melbourne” era of the 1890s. A modern office tower and car park at their rear have now been demolished. The new project will be coming into a market where commercial values are already nearing the peak.
“Having buildings like Olderfleet, which are going to be young, modern, low-capex assets, is going be the driver of outperformance and that is where we are taking the portfolio,” Ms Lloyd-Hurwitz told The Australian Financial Review.
As one of Melbourne’s few premium-rated buildings, and one of its most recently developed, the new project will also fare well in the battle for tenants, said Mirvac’s general manager for commercial development, Simon Healy.
“The next two years is going to be pretty buoyant in the Melbourne market. We have got a very good window over the next two years to do deals. We are very unique with what we are offering to the market.”
On Monday 15th May, a brisk Melbourne morning, Mirvac celebrated the start of construction at its latest premium grade office in Melbourne, Olderfleet at 477 Collins Street, with a sod turning on site.
Lord Mayor of Melbourne, Robert Doyle; Deloitte Chairman and Victorian Managing Partner, Tom Imbesi; Deloitte CEO, Cindy Hook; Mirvac CEO and Managing Director, Susan Lloyd-Hurwitz; and development partners attended the event marking the significant milestone for Mirvac’s Melbourne portfolio.
Olderfleet will be one of Mirvac’s largest commercial developments in Australia once complete and is on track to be delivered in 2020, with demolition and concrete piling already well underway. The 40-storey office tower is designed by Grimshaw Architects, rising from the unique 1880s facades of the heritage buildings along Collins Street.
“The sensitivity of the Olderfleet development incorporating the heritage façade with a modern tower was a challenge and one that has produced a great connection between the two buildings. The development will encompass 58,000 square metres of premium office and retail space, one that will push the boundaries of workplace innovation, sustainability and heritage integration and interpretation.
Olderfleet is committed to a 5 Star Green Star rating, a 5 Star NABERS energy rating and is a targeting Platinum WELL certification.
This milestone is one of many for Mirvac’s office portfolio in Melbourne, including the topping out at 664 Collins Street next week and the completion of Riverside Quay ahead of schedule in December last year.
Mirvac awarded first Gold WELL Certification in Australia
Mirvac’s headquarters at EY Centre, 200 George Street is the first tenancy in Australia to receive a Gold WELL Certification from the International WELL Building Institute (IWBI). Chairman and CEO of IWBI, Rick Fedrizzi, presented the certification at an event on 6 March 2017.
The WELL Building Standard is an innovative evidence-based system for measuring, certifying, and monitoring the performance of building features that focuses solely on the health and wellbeing of its occupants, harnessing the built environment as a vehicle to support human health. To secure the certification, Mirvac achieved credits across the WELL Building Standard’s seven categories, including air, water, nourishment, light, fitness, comfort and mind. This is a significant achievement for Mirvac, who are the first company in Australia to secure a GOLD WELL Certification and one of only six in the world!
Mirvac pursued the certification as it aligned with the vision for our new headquarters - to create a building that educates tenants through design, form and function so employees and visitors go home smarter and healthier. We now have a unique understanding of the WELL Certification and will share this knowledge with future customers and the wider industry. This will also inform our projects and better support our customer’s goals to build sustainable workplaces of the future.
The Intermix Approach: Activating the Smart Precinct
Mirvac has unveiled a new discussion paper on the future of smart precincts, ahead of WORKTECH 2017 in Sydney this week.
In the discussion paper, launched this morning entitled ‘The Intermix Approach: Activating the Smart Precinct’, Mirvac outlines leading development approaches and best practice models for digitally enabled districts, or ‘smart precincts’ that will shape our cities.
Paul Edwards, General Manager of Workplace Experiences at Mirvac, said developers must start to look beyond the footprint of the building they are developing to ensure they create smart, enabled precincts.
The discussion paper defines eight Intermix principles, including: One connected community; Shaping the sharing economy; Fluid boundaries and flow; The curated precinct; Flexible space matters; Makerspace culture; The wellbeing dividend; and Destination, not dead zone.
‘The Intermix Approach: Activating the Smart Precinct’ discussion paper was launched at a breakfast briefing at Mirvac’s award winning headquarters at 200 George Street, Sydney, alongside an interactive masterclass with research scientist, Dr Kristine Dery, MIT Sloan, and Philip Ross, as part of WORKTECH 17 Sydney.
If you would like to receive the full version of ‘The Intermix Approach: Activating the Smart Precinct’ please click here to download the full report.