KPMG signs up for space in Collins Square
The accounting company has taken 27,000 square metres, including sole signage rights, in tower two of the Walker Corporation's $1.8 billion Docklands development.
KPMG's Victorian chairman Rob Bazzani said the deal concluded an exhaustive search.
"It's a purpose-built building that will cater to our specific needs and how we believe we will be working," Mr Bazzani said.
"The floor plates are about 2400 sq m which means we can have many of our businesses on the same floor and maximise collaboration."
The 38-storey, energy-efficient 55,000 sq m tower will be complete in late 2016.
KPMG will leave 147 Collins Street in early 2017, which could put a substantial 27,000 sq m of office space onto the market.
Industry speculation is that the building, owned by a German-based unlisted property fund and the Liberman and Abeles families, could also be redeveloped subject to its extensive heritage protection.
This latest lease for Collins Square has taken occupancy to 53 per cent in the six-tower office, retail and leisure complex that will straddle nearly the full block between Collins Street and Wurundjeri Way when complete in 2017-18.
KPMG will join tenants CBA, Marsh Mercer, Transurban, Regus and Penguin Random House.
Walker Corporation chairman Lang Walker said the group was taking a "customised solutions" approach to leasing Collins Square.
"Being a private company and fairly nimble, we can quickly change and customise anything clients want from floorplates to the facade," Mr Walker said.
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Frequently Asked Questions about this Article…
KPMG selected Collins Square for their new Melbourne headquarters because it offers a purpose-built building that caters to their specific needs and supports their vision of collaborative working. The large floor plates allow many of their businesses to be on the same floor, maximizing collaboration.
KPMG's leasing deal at Collins Square is significant as it is one of the nation's biggest leasing deals this year. They have secured 27,000 square meters, including sole signage rights, in tower two of the Walker Corporation's $1.8 billion Docklands development.
KPMG is expected to move to their new headquarters at Collins Square in early 2017, following the completion of the 38-storey, energy-efficient tower in late 2016.
Once KPMG vacates their current office space at 147 Collins Street, it could put a substantial 27,000 square meters of office space onto the market. There is also industry speculation that the building could be redeveloped, subject to its extensive heritage protection.
In addition to KPMG, other tenants at Collins Square include CBA, Marsh Mercer, Transurban, Regus, and Penguin Random House.
Following KPMG's lease, the occupancy rate of Collins Square has increased to 53% in the six-tower office, retail, and leisure complex.
Walker Corporation is taking a 'customised solutions' approach to leasing at Collins Square, allowing them to quickly change and customize anything clients want, from floorplates to the facade.
The large floor plates in KPMG's new headquarters, approximately 2400 square meters each, allow many of their businesses to be on the same floor, which maximizes collaboration and efficiency.
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