Charter Hall Group (Charter Hall or the Group) today announced that a Charter Hall managed partnership has secured a 10-year pre-lease agreement with Australia Post as the anchor tenant customer for its new $410 million office development at 480 Swan Street in Richmond. Charter Hall secured this project together with PDG Corporation.
480 Swan Street will be a workplace designed for collaboration, connection, inclusivity, well-being and sustainability to usher in a new chapter for Australia Post in Melbourne. The building will deliver 32,000 square metres (sqm) of purpose-built office space over 12 levels and be constructed under a carbon-neutral framework. 480 Swan Street will be carbon neutral enabled on completion as well as target a 6-star Green Star rating and a 5-star NABERS Energy rating.
The development is set to be transformational for the Swan Street precinct, offering a modern, campus-style workplace for Australia Post. Set in close proximity to the vibrant, lifestyle scene in Richmond, it will also provide connectivity to all forms of transportation, including Swan Street trams, Burnley train station, and the M1 Motorway within minutes, complimenting public transport links.
PDG Corporation Founder and Managing Director, Vince Giuliano, said, “PDG is pleased to play a part in bringing Australia Post to Richmond and we would like to thank our partner Charter Hall who will ensure the successful delivery of this development. PDG and Charter Hall’s collective vision for Australia Post’s new Richmond headquarters was informed through world-class workplace design with a focus on innovation, sustainability and equality.
“We are delighted that this decision will also deliver hundreds of jobs during the construction phase and even more beyond completion, and will reinvigorate this pocket of Richmond for the shared benefit of the local community and future office workers alike.”