15 Sep 2020
MELBOURNE, 15 SEPTEMBER 2020
Joint venture partners, Frasers Property Industrial and ESR Australia have completed Nissan Motor Co. Australia Pty Ltd’s (Nissan Australia) new head office located on the corner of Wellington Road and Peters Avenue in Mulgrave, Victoria.
The 11,816 sqm facility is spread across five levels (including ground level) and comprises 9,616 sqm office which includes a 1,348 sqm showroom and training rooms, together with a 2,200 sqm workshop and 550 car parking bays.
The remainder of the building is speculative office space located within the top three levels of the building (approx. 5,850 sqm) and available for lease. Other amenity within the building includes a ground floor café and end of trip facilities.
The completion of Nissan Australia’s new headquarters also marks the finalisation of Stage One in Wellington Place, a substantial new business park in Melbourne’s south east.
Nissan Australia’s Managing Director Stephen Lester, comments, “We are delighted to relocate to new premises in Mulgrave, with modern facilities to support our staff and facilitate the training programs for our national dealer network.”
Anthony Maugeri, General Manager Southern Region for Frasers Property Industrial comments, “Nissan Australia’s headquarters is a striking landmark building located within Monash’s National Employment and Innovation cluster, Melbourne’s largest concentration of employment outside the CBD. The prominent glass structure has superb views of the Dandenong Ranges and Port Phillip Bay from the upper levels.
“The south east office precinct is continuing to grow as Melbourne’s automotive heart with many auto brands located in the surrounding areas. Wellington Place, with planned industry-leading amenity, is set to continue to attract large commercial occupiers.”
Phil Pearce, Chief Executive Officer at ESR Australia, said, “We’re delighted to welcome Nissan Australia to their new home. Our team did a fantastic job completing the building, despite the challenges facing the industry in Victoria with Stage 4 lockdown reducing work numbers permitted on site.
With the completion of Stage One in Wellington Place, our focus turns to the next phases of the development, including converting the unique heritage building at the heart of the estate into amenity. We have recently received strong interest from tenants currently located in Melbourne’s CBD. These businesses recognise the opportunity to decentralise, reducing their costs while still providing premium office accommodation for their staff, supported by generous parking ratios and superior amenities.”
Nissan Australia’s headquarters is built to achieve a 5 Star Green Star Design & As Built v1 certified rating from the Green Building Council of Australia.
The joint venture purchased the 4.67-hectare Wellington Place site at 254 Wellington Road and last year and secured Nissan as anchor tenant for the first stage. This site has received planning approval for approximately 60,000 sqm of commercial space, 880 sqm café/retail area and 2,582 car spaces. A 2,000 sqm community hub is also envisaged incorporating a café, gymnasium, restaurant, childcare, activated outdoor open space and more.
Wellington Place is expected to have an end value of A$400 million when completed and is on the south side of Wellington Road, west of Springvale Road’s intersection and has a frontage to Peters Avenue. It is situated within close proximity to major arterials including Springvale and Wellington Roads, both of which provide access to Monash Freeway (1.3 kilometres), Eastlink and Princes Highway. Melbourne’s CBD is within 22 kilometres.
The joint venture is a 50:50 split between Frasers Property Industrial and ESR Australia.