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  • VIC government makes green move on Dandenong office building

VIC government makes green move on Dandenong office building

18 February 2014
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​Melbourne, 18 February 2014 –The Victorian government has taken out a 10-year lease on a 2,800sqm Green Star office building on the fringe of the Dandenong CBD.

Located at 1-9 Dandenong Street, the three-level building is currently under construction and due for completion in May this year. The Victorian government has leased 2,450sqm of the building, leaving a prime vacant area on the top floor comprising 350sqm.

CBRE’s Richard Height negotiated the lease on behalf of Open Corporation Funds Management.

Mr Height said the building’s sustainability focus was a key factor behind the lease.

“The Victorian government required office accommodation that would achieve a Green Star rating of 3-5 once built, a NABERS rating of 4.5-stars and minimum water rating of 4.0-stars,” Mr Height said.

“This Dandenong premises fits the tenant’s geographical requirements, as well as its sustainability pre-requisites. The developer, Open Corporation, has gone to every effort to accommodate the tenant’s very high standards for internal fitouts,”

Dandenong is located approximately 30km south-east of the Melbourne CBD and has undergone substantial urban renewal in recent years.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.
 

 

 

 

 

 

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