KPMG signs up for space in Collins Square

KPMG has ended its two-year search for new Melbourne headquarters after announcing its move to Collins Square in what is being touted as one of the nation's biggest leasing deals this year.

KPMG has ended its two-year search for new Melbourne headquarters after announcing its move to Collins Square in what is being touted as one of the nation's biggest leasing deals this year.

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.

cvedelago@theage.com.au Twitter: @chrisvedelago

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