101 collins
101 Collins St was previously the tallest building in Australia. Image Supplied.
  • 101 Collins St is the seventh tallest in Australia
  • A stockbroking firm has signed up for a 10-year lease

Despite national lockdowns over the past month, major occupiers are continuing to sign new leases or renew leases in Melbourne’s CBD, many of them for medium and long-term lengths.

An example of this is 101 Collins Street. The 57 storey building – the seventh-tallest in Australia – continues to garner a wide variety of new and renewed leases from many major occupiers despite the working-from-home boom.

Stockbroking and wealth management firm Canaccord Genuity has committed to all of level 42 – a space of 1,572sqm – for a 10-year lease commencing next year.

Canaccord CEO, Marcus Freeman, said the firm is looking forward to 101 Collins, labelling it “The premier building in the premier location” in Melbourne’s CBD.

“It is pleasing to see building management’s continued commitment to tenant experience – the recent upgrade to amenities are the best on offer which I know our staff will fully embrace when we move in,” said Mr Freeman.

Despite Melbourne being in lockdown and offices facing significant density quotients for much of last year, national law firm Gilbert + Tobin welcomed staff to extended space across levels 24 and 35 – totalling 3,484sqm of floorspace.

“We’re proud of the new space,” said Gilbert + Tobin partner Simon Muys.

“It provides an open, collaborative environment for our people with stronger technological and event capabilities and enhanced training and development options – to support our successful and growing Melbourne practice.”

Simon Muys, Gilbert + Tobin partner

gilbert tobin fitout
A new office fit-out at 101 Collins St. Image Supplied.

IT and networking company Cisco said it will renew a 5-year lease effective in October for 2,288sqm of floorspace across levels 11 and 14.

Multinational investment bank J.P. Morgan has also announced it will be renewing its lease on level 31 from November.

General Manager at 101 Collins, Peter Calwell, said the building’s position at the forefront of the commercial market is reaffirmed by the commitment from these major occupiers.

“These deals represent commitments to nearly 11,000sqm of space and are a clear demonstration of corporate Australia’s ongoing commitment to the office,” said Mr Calwell.

“Throughout all of our conversations with 101 occupiers in 2021 there’s a clear theme, we’re hearing that business leaders are keen to foster fit-for-purpose spaces where their teams can be brought together for training, mentoring, maintaining of culture.

Peter Calwell, General Manager 101 Collins

“We took the downtime over 2020 to assess how we do things and accelerate improvements to the occupier experience.

“This included achieving a 6-star NABERS Indoor Environment Rating, and the creation of a contactless delivery lounge for parcel collection, along with a number of other market leading amenities that we hope to roll out over the next 24 months.”

You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia