Pembroke Real Estate Secures Spaces in Melbourne’s T&G Building
12 February 2018
MELBOURNE, JANUARY 2018 – Pembroke Real Estate today announced the signing of flexible workspace provider Spaces at the T&G Building at 161 Collins Street in Melbourne.
Spaces, continuing to expand its footprint in Australia, has signed a 10-year lease across levels one and two of the T&G Building. This leasing agreement comes as Pembroke Real Estate completes the final stages of a refurbishment at the T&G Building, which commenced in January 2017.
Due for completion in February 2018, the building will present 43,000 square metres of prime grade commercial office and retail space, enhanced by a reconfigured atrium and expansive floorplates up to 4,000 square metres.
Pembroke Real Estate’s Vice President and Head of Australia, Matthew Knight, said that signing Spaces was a testament to the quality of the asset as a prestigious office precinct.
“Pembroke recognises that flexible workspace is a market of growing importance within the real estate and entrepreneurial communities. Spaces, together with our exceptional mix of luxury retail including Gucci, Bottega Veneta and Versace, and long-term commercial tenants like Accenture and IOOF, will help create a vibrant and creative community at the T&G Building.”
“Spaces prides itself on creating an environment for people to succeed, which is in line with our commitment to creating valuable places for our tenants and the wider Melbourne community.”
Martijn Roordink, Co-Founder of Spaces said, “Opening our third location in Australia is very exciting. Melbourne was one of the first cities outside of Amsterdam where we we started our global journey. To be opening a large flagship of Spaces in this area of Melbourne is an amazing addition to our portfolio.”
Damien Sheehan, Country Head of Australia & New Zealand, Spaces said, “The T&G Building is exactly the type of office space we require to deliver on our philosophy and approach to collaborative working.”
“The position of the building at the Paris end of the Melbourne CBD, the appeal to various target markets, and a direct connection to Flinders Lane all played a significant role in attracting Spaces to the T&G Building.”
The lease deal was negotiated by Adam Raap and Tim Farley from Colliers International’s Occupier Services team.
Colliers National Director of Operations, Adam Raap, said while it would be the third Spaces premises in Australia, it will be the first major local flagship space for the global, professional workspace provider.
Spaces currently operates in almost 80 locations around the world with tenants including Uber and Paypal.
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About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that acquires, manages and develops
well-located properties in the office, residential and mixed-use sectors. Focused on enhancing long
term value, Pembroke facilitates the investment of private capital of FMR LLC (Fidelity Investments)
and FIL Limited into superior real estate opportunities. With offices in Boston, London, Stockholm, Sydney, Tokyo, and Washington, DC, the firm currently manages approximately 762,000 sq m / 8.2M sq ft in key markets across North America, Europe and Asia Pacific. Our commitment to excellence is evident in every one of the Pembroke properties and includes a strong commitment to the environment – more than 70 percent of the firm’s portfolio is sustainably certified, or in the process of becoming certified – and delivering the highest-performing, quality product. For more information, visit www.pembrokere.com.
About Colliers International
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
Founded in Australia in 1976, Colliers International is the largest locally formed real estate services firm with professionals worldwide. Find out more at http://www.colliers.com.au/
For the latest news from Colliers International, visit: Australia – colliers.com.au/news │ International – colliers.com/news, follow us on Twitter: Australia – @ColliersIntAust │ International – @ColliersIntl, or visit us on LinkedIn: Australia or International.
For further information please contact:
DEC PR on behalf of Pembroke Real Estate
02 8014 5033