Hines has acquired one of the last remaining prime development sites, 600 Collins Street, in Melbourne’s central business district.
The 600 Collins Street site was acquired from Melbourne-based property development firm, Landream. The financial terms were not disclosed.
Hines will seek to amend the existing mixed-use permit to deliver a 60,000-square-meter (645,830-square-foot) premium-grade office tower in the CBD’s burgeoning Western Core, solidifying the area as Melbourne’s premier corporate hub. The strategically located site offers more than 70 meters (230 feet) of prime frontage on Collins Street, surrounded by a deep amenity base and major transport nodes.
“We have witnessed an unprecedented experiment in work-from-home as a result of the pandemic, which has sparked change in the way people will work in the future,” said David Warneford, Hines managing director. “Businesses will demand office space that responds to their unique needs, such as
