PwC Signs Agreement for Lease at Riverside Quay Melbourne

Mirvac Group (“Mirvac”) [ASX: MGR] is pleased to announce it has entered into an Agreement for Lease with one of Australia’s leading professional services firms, PwC, for office space at its proposed development, 2 Riverside Quay, Melbourne, which sits in the heart of Melbourne’s Southbank precinct.

PwC have committed to approximately 17,200 square metres over 10 levels, representing 82 per cent of the total lettable office area, for an initial term of 12 years.

The development at Riverside Quay will see the construction of a 21-level commercial office tower, which will include the existing eight-storey car park.

The building will boast best in class end-of-trip facilities to be located on Level 9, providing workers with the benefit of natural light and access to approximately 200 bicycle spaces. Tailored client floors combined with a large rooftop pavilion overlooking Melbourne and the Yarra River have also been incorporated.

The public realm in the Riverside Quay precinct will also be extensively rejuvenated, in collaboration with the City of Melbourne, to ensure that it responds to the needs of an increasing residential, visitor and working population at Southbank.

David Rolls, Group Executive, Commercial Development, said, “We are pleased to be working with PwC as our tenant at 2 Riverside Quay in Melbourne, which is set to become an innovative, contemporary and engaging workplace environment that will appeal to occupants and visitors alike.

“The ongoing renewal and reinvigoration of the Southbank precinct will add to the quality and diversity of spaces that make Melbourne such a liveable city.”

Mr Rolls said the Riverside Quay agreement highlighted Mirvac’s capability in creating and delivering workplace solutions in partnership with our tenants.

“We are focused on working more closely with top tier companies, such as PwC, who are looking to provide high performance workplaces that will attract the best available talent,” said Mr Rolls.

Managing Partner at PwC, Tony Peake, commented, “Teams of the future need dynamic office space which is flexible, collaborative and designed to support the mobile world in which we now operate. The open plan nature of the space will help improve communication, collaboration and productivity for us and our clients."