Property Development

Co-Working Giant Expands into Melbourne Quarter

Written by The ReReport
As seen in the Source link, written by theurbandeveloper.com on 2019-01-21 16:49:52

The Lendlease-managed Australian Prime Property Fund (APPF) Commercial owns One Melbourne Quarter and has a 50 per cent joint interest in Two Melbourne Quarter with First State Super.

Head of International Workplace Group (IWG), Spaces parent company, in Australia and New Zealand Damien Sheehan said Australia was in the midst of a “workspace revolution”.

“This year, the growth of flexible working is predicted to rise across Australia, as more office-based activity is demanding greater choice and flexibility in the workplace, for businesses, organisations and their employees.”

A recent CBRE report found Australia’s flexible workspace industry occupies around 193,200sq m of space across six major capital cities.

The $2 billion Melbourne Quarter precinct, which spans 2.5 hectares, is also set to house AMP and EnergyAustralia, which will join Arup and Lendlease.