The Heads of Agreement represents 82 per cent of the total net lettable area and is for an initial term of 12 years.
Mirvac intends to build an A-grade 12 level office building above the existing 8-storey car park. In addition to providing quality commercial space, the development proposal includes a rejuvenation of the existing car park, along with upgrades to the public realm in the Riverside Quay precinct.
David Rolls, Group Executive, Commercial Development, said, “We are delighted to enter into an agreement with PwC for the lease at our latest commercial development project at Riverside Quay. This agreement demonstrates PwC’s confidence in our ability to deliver high-quality, contemporary work environments for our tenants.
“Riverside Quay will feature leading sustainability initiatives, with a 5.0 Star Green Star Office Design Rating and 4.5 Stars NABERS rating being targeted, and will form part of our $3.1 billion commercial development pipeline. This development creates the catalyst for a major place making exercise through the reinvigoration of the Riverside Quay precinct, which is to be funded by Mirvac. The target outcome is to create a world-class public space for workers, residents and visitors alike, which will further enrich the appeal of Melbourne’s Southbank.”