Commencement of construction at Spencer Street

Keppel REIT has commenced construction on 18 August 2017 for its newly acquired premium office tower in Melbourne, Australia. Located at 311 Spencer Street, the Grade A office tower will be the headquarters for the Victoria Police from 2020 after the building’s completion in the fourth quarter of 2019.

Keppel REIT has commenced construction for its newly acquired Grade A office tower to be developed at 311 Spencer Street in Melbourne

Keppel REIT has commenced construction for its newly acquired Grade A office tower to be developed at 311 Spencer Street in Melbourne

The commencement was witnessed by Ms Lisa Neville, Minister for Police, together with Mr Graham Ashton, Chief Commissioner of Victoria Police; Mr Tan Swee Yiow, CEO of Keppel REIT Management, and Mr Adrian Pozzo, CEO of Cbus Property, the co-owner and developer of the new office tower.

Mr Tan said, “We are happy to partner Cbus Property, one of Australia’s leading property investors and developers, to contribute to Melbourne’s growth. We look forward to the completion of this state-of-the-art building which will complement Keppel REIT’s sterling portfolio of sustainable premium office assets.”

Standing at 42 storeys, the new office tower is strategically located between Melbourne’s central business district and the new Docklands precinct. This will be Keppel REIT’s second asset in Melbourne, after 8 Exhibition Street where it has a 50% interest in the office building and two retail units, as well as a 100% interest in the three adjoining retail units.

Meanwhile, demonstrating its commitment to sustainability, Keppel REIT’s 35-storey David Malcolm Justice Centre in Perth has achieved the 5-Star Green Star Office As Built rating by the Green Building Council of Australia.