Victoria

NAB office building opens in Docklands as construction starts on $300m residential tower

VICTORIAN Planning Minister Matthew Guy last week said that Docklands is fast becoming Australia's corporate financial headquarters, following the opening of another National Australia Bank (NAB) office building in the precinct.

In the same week, the Minister also launched a new $300 million, 4.5 star hotel and apartment complex in Docklands that will feature 281 guest rooms and suites, 27 serviced apartments and 299 residential apartments over 37 storeys.

Mr Guy said the innovative $234 million NAB office development, located at 700 Bourke Street between Southern Cross Station and Etihad Stadium, is yet another example of private sector confidence in Melbourne and a key entry point to the growing area.

The 16-floor corporate headquarters includes large triangular-shaped office floor plates with a central atrium connecting all levels, a child care centre, auditorium, retail tenancies, outdoor terrace and a two-level podium car park.

"This building provides another gateway for visitors, residents and workers, as well as a vital link between the edge of the CBD and the water. It demonstrates corporate and environmental sustainability and also enhances the area as a prime destination in which to work and live and to visit," Mr Guy said.

NAB has 10,500 staff in Docklands at its 700 and 800 Bourke Street locations. It recently extended its long-term lease for another decade at 800 Bourke Street, which provides a campus-style workplace for approximately 3,600 staff. The new building at 700 Bourke Street is owned CBUS Property and was designed by Woods Bagot and built by Brookfield Multiplex.

"Docklands is a vital economic hub for Victoria and the decision by NAB to establish its second headquarters here is testament to the area's continued popularity as a rapidly growing commercial hub," Mr Guy said.

"Docklands continues to attract significant investment and has become a location of choice for some of Australia's biggest corporations including ANZ, AMP, Myer, Medibank, Channels Seven and Nine, and Marsh Mercer."

Meanwhile, at the Docklands' Digital Harbour precinct and on the corner of Harbour Esplanade and Dudley Street, the Planning Minister launched the $300 million, 37-storey Altus hotel and apartment complex, designed by Moull Murray architects.

With construction scheduled to commence in the second quarter of 2014, the development is expected to create over 400 construction jobs, as well as 150 hotel jobs once completed in 2016. Pan Pacific Hotels Group will manage the hotel under its PARKROYAL brand.

"Docklands is continuing to deliver state of the art buildings that are rejuvenating the area. Once completed, The Altus will be part of a vibrant and exciting precinct in which to work, live and to visit," Mr Guy said.

"The Altus adds to a growing list of top class accommodation, dining and entertainment venues in the Docklands, which provides access to world class sporting and music events, shopping, fine dining and recreational activities.

"The Victorian Coalition Government is continuing to transform the Docklands into a waterfront destination that will be home to 20,000 residents and 60,000 workers upon completion in approximately 2025.

"In addition to this, the last major piece of developable land in the Docklands has been contracted, opening the way for a 2.5 hectare site diagonally across from Southern Cross Station to be developed into a $1.6 billion precinct that will link central Melbourne to Docklands.

"Practically all 140 hectares of Docklands' developable land is now contracted for development. To date, 50 per cent of that land has been developed into the newest part of Melbourne's CBD," Mr Guy said.

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