CBRE to move to Town Hall Place
Leading real estate services and investment firm CBRE has announced it will move to developer Lendlease’s new “Town Hall Place” development at the landmark Flinders and Swanston streets.
CBRE will occupy nearly a third of the 10-storey commercial building at 25 Swanston St, which will boast a total of 16,000 square metres of floor space, as well as new laneways, arcades, and dining and retail at ground level that will reactivate Scott and Cocker Alleys.
Developer and builder Lendlease is behind the development, which is located adjacent to Young and Jackson Hotel and directly above the under-construction Metro Tunnel Town Hall station, which is expected to be completed in 2026.
CBRE will relocate from 8 Exhibition St and occupy levels five to seven of “Town Hall Place”, covering 5400 sqms of floor space, in what will “offer its employees greater flexibility and additional floorspace to inspire its workforce at the iconic city location”.
Global professional services company, Turner & Townsend, which is majority owned by CBRE, will also relocate to “Town Hall Place” to accommodate the significant growth of its business.
CBRE’s executive managing director of Victoria Jarrod Frazer said their team was excited about the move.
“It’s not a stereotypical office tower, but instead provides a clear point of difference as a lower-rise building in the very heart of the city, which will bring our people together in an aspirational, tech-enabled work environment,” he said.
In addition to convenient public transport access, CBRE employees will also enjoy outdoor terraces with views spanning various landmarks including Federation Square, St Paul’s Cathedral, Flinders Street Station, the Arts Centre and the MCG.
CBRE will manage the building when complete and act as the leasing agent for the remaining office space and ground floor retail areas.
The tower is climate-friendly, powered 100 per cent by renewable energy for base building operations, as well as targeting a 6 Star Green Star Design & As Built v1.2 rating and a WELL Gold Core rating.
Lendlease managing director of development of Australia Tom Mackellar said demand for highly sustainable, next generation workplaces remained strong.
“We continue to invest and innovate in sustainable and flexible workplaces which will support our tenants to grow their staff engagement and support high performance,” he said.
Caption: An artist’s impression of Lendlease’s Town Hall Place development at the intersection of Flinders and Swanston streets.