THE first foundations have been poured at the $1.5 billion future home of Amazon, kicking off the largest Melbourne CBD office development of the year.
Owned by the Charter Hall Prime Office Fund (CPOF), 555 Collins Street will comprise two stages – a $750 million, 48,000 sqm tower on the corner of Collins Street and King Street, and an office tower with 32,000 sqm.
Retail behemoth Amazon committed to the project in December and is expected to take about 15,000 sqm stage one as it moves from Exhibition St.
The project secured planning approval last year from the Victorian state government under its building recovery taskforce. Lendlease is the construction partner, having completed Charter Hall’s 130 Lonsdale Street tower of 60,000 sqm at the other end of the CBD last year also.
Victorian Treasurer Tim Pallas said, “This is significant for Melbourne and incredible news for jobs and our highly skilled workforce – this investment will contribute billions of dollars to the Victorian tech economy in the next 10 years and cement our position as the home of innovation in the nation.”
Stage one construction will generate about 1,500 jobs.
The project comes with a 6 Star Green rating and is constructed under a carbon neutral framework.
