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.