The tech giant is eyeing the top three floors in Lendlease’s Melbourne Quarter Tower, a move that could add hipster vibes to the drab Docklands precinct.
Google is in talks with developer Lendlease to take the top three floors of its soon-to-be-completed Melbourne Quarter Tower, a move that could inject a dose of tech cool to the drab Docklands precinct.
In response, major urban regeneration efforts in Docklands as busy trying to forge their own ambience, including Lendlease’s Melbourne Quarter precinct, which will eventually include a plethora of apartments, build-to-rent units and office space.However, the deal with Google, if finalised, could come at a price. Rents for the top floors are around the $850 market, but it is expected Google may win an incentive worth 50 per cent or more, according to several market sources.
And even with those four pre-commitments, occupancy is still well under half of the 69,000 square metres of space in the tower. It is expected Lendlease will have undertaken rental guarantees across the tower it is developing for to its
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