Mirvac has received global recognition for its achievements in innovation, coming in at #7 on Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020, in the Urban Development and Real Estate category. Mirvac is the only Australian property company on the list.

The list honours the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s MIC list features 434 businesses from 39 countries.

Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz said the inclusion showed the Group’s deliberate on-going journey to drive cultural change and embrace innovation is moving Mirvac in a positive direction.

“We are delighted at the global recognition that our innovation efforts have received.  We still have a long way to go, but to be in the top 10 of all global Urban Development and Real Estate organisations is very pleasing. And then, to be the only traditional bricks and mortar developer amongst a list of property start-ups, is doubly satisfying. It demonstrates that companies can reinvent and innovate for a better future.”

“At Mirvac, our purpose to reimagine urban life inspires us to tackle some of the many challenges facing our cities, big and small. With the constant disruption and rapid pace of change in today’s world, we believe innovation enables us to deliver on our purpose, by finding solutions that help us stay relevant to our customers and leave a positive legacy in our urban environment.”

Mirvac was judged to be the world’s seventh most innovative property company based on three projects which delivered innovative solutions for its commercial, residential and retail customers:

1. Cultivate is an urban basement farm which uses agritech to grow produce in under-utilised spaces in our cities, such as car parks;
2. Solar Upgrade is a partnership with Evergen whereby individual apartment owners are able to access solar energy; and
3. The Third Space saw a dedicated co-working space brought to life in a shopping centre, offering all the trappings of a modern office in easy reach of shops and services.

“Over the last few years we have been working towards a culture of innovation where everybody believes it is part of their job to challenge the status quo and reimagine what we do. This transition has been championed by our innovation team Hatch, who have upskilled our people and helped to establish a fail-safe environment where we are not afraid to experiment. We are changing the way we problem solve as a business,” added Ms Lloyd-Hurwitz.

Fast Company’s editors and writers sought out the most ground-breaking businesses on the planet and across myriad industries. They also judged nominations received through their application process.

The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.

“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.

Fast Company’s Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The Urban Development and Real Estate category list can be viewed here. The hashtag is #FCMostInnovative.

Mirvac Group (Mirvac) [ASX: MGR] and co-owner Suntec Real Estate Investment Trust (Suntec REIT) have today announced the topping out and completion of the main structural works at Olderfleet, Mirvac’s premium office building at 477 Collins Street, Melbourne.

The Grimshaw-designed, 38-level building consists of 58,000sqm premium-grade office and retail space, and has topped out on time, ahead of practical completion expected in mid-2020.

Mirvac’s General Manager, Development, Simon Healy, said, “This milestone marks another achievement for Olderfleet, which has seen strong interest from our tenants with a range of high calibre brands pre-committed, bringing the tower to 94% leased.”

“Mirvac’s vision to create one of Australia’s leading smart buildings, rising out of the heritage façade at Olderfleet, has struck a chord with the Melbourne market. Set to become an exemplar of modern working environments, the building integrates leading technology, sustainability and amenities that will include a wellness offering and childcare centre.”

The remaining lettable space at the building includes the entire Skyrise floor on level 34, which is made up of 1,700sqm of light-filled office space with spectacular city views. Incoming businesses will join a first-class line up of brands already committed, including Norton Rose Fulbright, Lander & Rogers, Urbis and anchor tenant Deloitte.

“Olderfleet presents a rare opportunity for premium office space in the tightening Melbourne rental market. Since Mirvac’s construction commencement, there has been a surge of interest in the midtown area of the CBD, with the precinct surrounding Olderfleet coming to life with restaurants, bars, shopping, and health and wellbeing facilities for workers and the community.

“Mirvac has a pipeline of projects in Melbourne including 383 La Trobe Street. This future, next generation office tower provides yet another opportunity for Mirvac to set new benchmarks in workplace design and contribute to the dynamic and evolving urban landscape within the Melbourne CBD,” Mr Healy said.

Mirvac has already pre-committed two of the five retail spaces at the Olderfleet building and has had strong enquiries for the remaining spaces, including a foyer café, two-level tenancy at the heritage entrance and a laneway offering on Flinders Lane. The interest from signature Melbourne food and beverage providers reflects the calibre of the tenants and the strong demand for the precinct.

Deloitte’s Managing Partner, Victoria, Paul Rehder said, “We’re really excited to reach this key milestone for our new home at 477 Collins Street– a workplace signalling Deloitte’s position as the undisputed leader in professional services and a magnet for what we can offer clients and employees, both professionally and personally.

Olderfleet tenants have committed to changing ways of work, using the leading technology and infrastructure in the building to deliver enhanced operations and leading workplace conditions, supporting the significant upfront investment by Mirvac in these areas.

Lander & Rogers’ Chief Executive Partner, Genevieve Collins, said, “Innovation and technology are transforming the legal profession and this provides an exciting opportunity for firms that are prepared to seize it. This involves more than simply investing in IT infrastructure: we need to evolve how we work – with our clients, each other, and within our broader community."

"Internally, our people tell us they want an environment that accommodates complete mobility. They want areas for digital and face-to-face collaboration as well as spaces conducive to individual focus. An agile, connected workplace is at the very core of Lander & Rogers' long-term strategy and our move to 477 Collins will help us fully realise that."

Future occupants at Olderfleet will benefit from luxurious hotel-style end-of-trip facilities with bike parking, lockers, a premium towel service, and 410 car parking spaces with direct access to the childcare centre.

Olderfleet is committed to a 5 Star Green Star rating, a 5 Star NABERS energy rating and a Platinum WELL Certification.

Note: Mirvac acquired 383 La Trobe Street in 2018 and intends to redevelop the site into a new office tower spanning over 40,000 square metres.

Mirvac Group (Mirvac) has today celebrated the official opening of its premium logistics hub Calibre, in Eastern Creek. The strategically located industrial precinct delivers high-quality built form and employment outcomes for Western Sydney and sets a new benchmark for industrial and warehouse facilities in Australia.

The Treasurer of New South Wales, The Hon. Dominic Perrottet MP officiated at the opening ceremony and cut the ribbon, alongside Mirvac CEO & Managing Director, Susan Lloyd-Hurwitz. Calibre’s thriving business community, together with the Mirvac team and project partners, turned out to celebrate the exciting milestone.

General Manager, Industrial at Mirvac, Richard Seddon said, “At Calibre we’ve elevated the standard for industrial and warehouse facilities in Sydney with our focus on quality, functionally and flexibility which will futureproof the estate for years to come. Mirvac drew on its uniquely integrated business model and cross-sector experience to bring the best of office and residential design to an industrial asset, to exceed customer and industry expectations.

“We are proud to open this landmark facility which provides our customers with a significant competitive advantage, contributes to the sustainable, long-term growth of e-commerce and logistics in Australia and generates vital long-term employment opportunities for Western Sydney."

“Through our investment in placemaking, design and amenity we have already seen a community and a shared economy coming to life at the Estate.”    

Treasurer of NSW, The Hon. Dominic Perrottet MP, said the logistics hub was boosting employment in Western Sydney creating hundreds of jobs during construction and on a permanent basis.

“NSW has the leading economy in Australia with the lowest unemployment rate, and investments like this one are at the heart of that success.

“This is a key infrastructure building block for Western Sydney, and will attract more businesses to the region, boost job opportunities for locals, and help shape the future.”

Mirvac Group said approximately 450 construction jobs were generated during the development phase with 480 permanent jobs resulting.

Supply Chain Director at Pet Circle, Nick Bennett said, “We’re excited to relocate our operation into the new facility at Calibre in Eastern Creek. The advanced specifications, new standards of amenity and bespoke warehouse features of the Estate will deliver long-term efficiency and flexibility for Pet Circle, ultimately boosting business growth. The custom designed facility at Calibre, which blends flexible warehousing and exceptional office space, was delivered beyond our expectations.”

“After seeing the high-quality workspace and amenity of the facility, it allowed us the flexibility to have employees based here that are not traditionally warehouse employees such as a customer service team. The recruitment drive post move allowed us to hire the majority of workers from the Western Sydney area.”

The site is perfectly positioned as a distribution hub for the eastern seaboard with excellent transport links at the interchange of the M4 and M7 motorways, and under an hour drive to the Sydney CBD, Port Botany and the new Western Sydney International airport.

Calibre has been built for ultimate flexibility with service provisions in two of the warehouses for a second office component allowing for split tenancies. It’s also equipped to accommodate a range of uses, with a nine tonne racking post load internal slab with armoured joints to support future automation requirements, generous space for loading and a 20 metre cantilevered awning system across the length of the loading face for the majority of the buildings.

Displaying best practice design and sustainability, Calibre has energy efficient lighting, rainwater harvesting, photovoltaic solar, cyclist and end-of-trip facilities and 10 per cent natural lighting to reduce energy bills and create savings for customers.

Operating 24 hours a day, 7 days a week, Calibre is located at 60 Wallgrove Road, Eastern Creek at the centre of Australia’s national supply network within the Eastern Creek logistics hub.

In August 2018, Mirvac sold a 50 per cent stake in the Calibre Estate to the Mirvac Industrial Logistics Partnership (MILP) a partnership between Mirvac and an investment vehicle sponsored by Morgan Stanley Real Estate Investing.

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Mirvac Group (Mirvac) [ASX: MGR] has today announced its flagship Melbourne office tower, Olderfleet, at 477 Collins Street is 88 per cent leased, with the signing of leading property consultants, Urbis, signaling continued strong demand for space in the building.

Urbis has leased 4,100 sqm across levels 10, 11 and parts of 12 in the premium-grade commercial building joining other high calibre tenants Norton Rose Fulbright, Lander and Rogers and anchor tenant Deloitte.

Mirvac’s Development Director, Frank Lonetti said: “We’ve experienced strong momentum in interest for office space at Olderfleet, allowing us to lease 88 per cent of the building earlier than expected and well ahead of practical completion in 2020. This high level of demand is a testament to Mirvac’s vision of creating a truly notable working environment and leading smart building at Olderfleet.

“We are pleased to welcome Urbis, a partner of Mirvac on many of our projects across the country, to Olderfleet. They will contribute to the diversity of leasing success at the building, including property, technology, financial services, childcare and legal companies.”

Urbis is relocating their Melbourne head office from the Paris end at 120 Collins Street to Olderfleet in the mid-city block between William and King Streets.  Urbis had recently undertaken a national workplace strategy review with WMK Architects, with a major focus on its people, brand and culture as the business continues to grow and evolve. Tim Farley, a National Director of Colliers International’s Tenant Advisory team, represented Urbis in their comprehensive market search and evaluation of future premises opportunities, culminating in Mirvac’s Olderfleet development being identified as the ideal accommodation solution for the business. This move takes advantage of the latest technology and range of amenities available at the building including hotel-style end-of-trip facilities, a childcare centre and wellness centre. In particular, Urbis identified the efficient floorplates and potential for outdoor mixed mode space as critical to their decision-making process, enabling the business to embrace the future.

Urbis CEO, Ben Pollack has explained that the decision to move to Olderfleet aligns with our workplace strategy that will deliver an innovative people and client centric environment. “Our workplaces of the future will facilitate greater levels of collaboration, innovation and flexibility for our people and clients and we are very excited by the new workplace strategy that we have developed in partnership with WMK which will be progressively rolled out through all of our offices”

The company was drawn to the cutting-edge design of the large, highly efficient workplace floors and the central location along an iconic Melbourne street that is experiencing a significant revitalisation.

“Collins Street in Melbourne is undergoing a major transformation with a number of commercial developments revitalising the highly sought-after location. Olderfleet will be a key feature of the area, providing the perfect balance between modern architecture and functionality, with the beauty and history of the restored heritage façade,” added Frank.

Olderfleet is on schedule to be completed by 2020, with construction well progressed. The structure at Level 26 and the façade at Level 20 is near completion.

Olderfleet is committed to a 5 Star Green Star rating, a 5 Star NABERS energy rating and a Platinum WELL Certification.

25 February, 2019: Mirvac Group (ASX:MGR) has received approval from the state’s Independent Planning Commission for its plans to revive the historic Locomotive Workshops at South Eveleigh (formerly the Australian Technology Park) at Eveleigh, Sydney.

Two separate State Significant Development Applications (SSDAs) were submitted for the sensitive conversion and adaptive re-use of the Locomotive Workshops. The approval represents an important step in delivering a vibrant new destination for Sydney with lasting positive benefits to the community.

The SSDAs were approved with the condition that Mirvac submit its heritage interpretation plan for approval prior to the first construction certificate being issued.

William Walker, Project Director at Mirvac said, “The revitalisation of the iconic Locomotive Workshops and wider South Eveleigh precinct will deliver a unique cultural and innovation hub for Sydney.

“Set to become a vibrant social and commercial destination for Sydney that invites workers, the local community, students and visitors in, Mirvac has worked with a range of expert partners, including the Heritage Council and community groups, to progress the transformation of the site.”

Mirvac placed strong emphasis on the celebration of the Locomotive Workshops’ heritage, as the historical centrepiece of the precinct. This was achieved through sensitive preservation of artefacts, restored machinery, public display areas, and the retention of the working blacksmith. Mirvac’s flexible space business Hoist will return to the Locomotive Workshops taking 3,000 square metres within the building, fostering a world class technology ecosystem at the precinct. 

“For over 100 years the precinct was the engine room for Australia’s rail network, pioneering technology and advances in industry. Today we are restoring the precinct to its former status as a technology powerhouse with the Locomotive Workshops set to become a place for organisations of all shapes and sizes to find common ground to collaborate on the jobs and industries of the future,” Mr Walker said.

As a crucial piece in the wider strategic plans for the Central to Eveleigh corridor, South Eveleigh benefits from spectacular transport connections, future infrastructure plans and close proximity to the CBD making it an exceptional work and lifestyle destination.

Nick Sissons, Partner Sissons Architects and lead designer of the Locomotive Workshops, said the redevelopment presented a unique opportunity for a heritage-led design process that reveals and celebrates the old, whilst embracing the new.

“With the design philosophy firmly rooted in creating a great urban experience, the Locomotive Workshops will become a new destination for all, making a positive contribution to Sydney and its rich heritage,” he said.

The retail activation of the site will extend beyond the 9-5 working day and into the weekend, increasing public engagement through a new layer of cultural heritage initiatives and a range of artisan retail spaces.

Natalie Vinton, Director at Curio Projects, heritage consultant for the development said, “For heritage places to remain relevant, they must be adaptively reused to meet the needs of current and future users. By creating amazing cultural heritage experiences in everyday environments, we are investing in our custodians of heritage for the present and the future.

“Our aim for South Eveleigh is to create an experience where regardless of their initial reason to visit, people leave understanding a little more about the iconic site, its people and its history.”

The precinct will be home to 10,000 Commonwealth Bank of Australia’s (CBA) employees, and will have generous public and shared spaces, a community building, parks and sporting fields, and diverse retail for the community.

Construction on the Locomotive Workshops will begin in 2019 and is expected to be completed in 2020.

Led by Mirvac, a consortium including AMP Capital, Sunsuper and Centuria Property Funds, own South Eveleigh.

Mirvac Group is pleased to announce that the One Darling Island office precinct in Pyrmont has achieved a 6 Star NABERS Energy rating without the use of GreenPower. One Darling Island is now one of only nine buildings in Australia to hold a base building 6 Star NABERS Energy rating and becomes the third asset within Mirvac’s Office portfolio to achieve the 6 Star Energy rating. It joins Sirius House in Canberra and the nearby Bay Centre which both hold the coveted 6 Stars for Energy.

Mirvac’s Sustainability Manager, David Palin, said the combination of a high quality, flexible base building, the team’s firm focus on driving energy efficiency, investment in renewable energy and the commitment and contribution of its valued partners made this achievement possible.

“Mirvac designed and constructed the building in 2006 with embedded flexibility and future-proofing which has allowed for continual improvements to be made to its environmental performance. Our team has worked ever since to capitalise on this potential by implementing a range of energy efficiency initiatives and installed 100kW of solar on the roof of the building in 2017.”

“As a result, energy consumption has reduced by 28% and carbon emissions have decreased by 39% since FY13, the baseline year of our Sustainability Strategy, This Changes Everything. This performance also directly contributes to Mirvac’s target to be net positive in carbon by 2030.”

“In conjunction with the Mirvac Asset Services team, our partners, including building automation solution and management providers, Alerton, have played a key role in improving the building’s operational efficiency and we are incredible proud of what we have been able to collectively achieve.”

The A-grade asset, which covers over 22,000 square metres of office space, is currently performing 1.5 Stars above its NABERS Energy Design target. 6 Stars is the highest possible NABERS Energy rating and it indicates market leading environmental performance.

Dennis Lee, Senior Team Leader in the Strategic Delivery Office at the Office of Environment and Heritage said, "Achieving a 6 Star NABERS Energy Rating is a great accomplishment. One Darling Island has joined an elite group of buildings in the top 1% nationally at this level of performance. Mirvac has demonstrated an ongoing commitment to energy efficiency at One Darling Island, reaching 6 Stars this year by cutting its energy use by a further 25%.”

Mirvac’s Bay Centre office, also in Pyrmont, was the first building in NSW to achieve 6 Stars NABERS Energy rating in 2016 and recently received the Green Globe Built Environment Award which recognises environmental excellence, innovation and leadership. 

In March this year, Sirius House in Canberra became the first building in Australia to achieve a 6 Star NABERS Energy rating, a 6 Star NABERS Water rating and a 6 Star Green Star Performance rating, without the use of GreenPower or externally sourced recycled water.

Mirvac Group (“Mirvac”) [ASX: MGR] is pleased to announce the completion of the new retail and dining precinct at Riverside Quay, Melbourne.

The recently opened culinary quarter presents 10 new eateries peppered throughout the ground plane of Riverside Quay’s four commercial buildings. Together with the existing Southbank Promenade restaurants, the new retailers will create an enhanced, vibrant food and beverage offering, emulating the ambience and buzz of Melbourne’s famous laneways.

Riverside Quay now offers a mix of grab-and-go, casual dining and lunch options, as well as restaurants to suit all tastes. A range of international cuisines and cult brands including Jiaozi by Shanghai Street Dumplings, Old Man Pho, Infinite Wasabi, Thailander, Poked, Dagwood Deli, Workshop Brothers, 30ml Coffee and D.O.C. (opening early 2019), make up the all-star line-up.

Anchoring the new food hub is San Telmo’s, newly opened Asado Bar and Grill, which features meat cooked over a grill and wood fire, but with an Argentinian twist.

Group Executive, Office – Mirvac Property Trust, Andrew Butler said, “The opening of a new retail destination at Riverside Quay is the most recent piece in an extensive

revitalisation of the precinct which included the development of a new flagship office building and a public park.

“We’ve transformed the waterfront to create a place where people can work, relax and dine, activating the area beyond the nine to five work day. The refreshed food offering has been carefully curated to cater to the needs of our high calibre tenants and the wider community.”

Mirvac partnered with Six Degrees Architects to reimagine the Riverside Quay precinct. Reconfigured office lobbies, together with new paving, canopies, feature lighting, outdoor seating and improved wayfinding have resulted in a refreshed ground plane.

Working closely with the City of Melbourne and the local community, Mirvac has delivered a public park at Riverside Quay.

“The park is the perfect extension of the new food and dining district, creating an engaging space for the hundreds of workers, residents and visitors that pass through the area each day. We’ve already seen a huge increase in foot traffic at Riverside Quay and have received extremely positive feedback from the community on the renewed spaces,” added Andrew.

In the lead up to Christmas there will be a lot of activity in the Laneways at Riverside Quay including live music, entertainment and special offers from the retailers. Join in the fun every Wednesday and Thursday night, 5pm to 8pm, from 5th to 20th December 2018. 

Mirvac Group (Mirvac) [ASX: MGR] has today announced the signing of two new leases at its flagship Melbourne office tower, Olderfleet, at 477 Collins Street. Kids Club Early Learning Centres will open it’s first Melbourne CBD centre with approximately 1,000 square metres, while law firm Lander & Rogers will occupy approximately 5,000 square metres of the premium-grade commercial building.

Mirvac’s Development Director, Frank Lonetti said: “Kids Club Early Learning Centres and Lander & Rogers will add to the high calibre of tenants at Olderfleet, joining anchor tenant Deloitte, and Norton Rose Fulbright.

“Following the extensive co-creation process we undertook for Olderfleet with our customers, a shared vision emerged for a workplace that goes beyond state-of-the-art office space. By drawing on innovative technologies and contemporary thinking we are proud to deliver a carefully curated and customised workplace that, once complete, will offer a range of amenities that support work life balance, offer convenience, engage with the community and drive productivity, enhancing the overall customer experience of the building and its surrounding public realm.

“With more and more people working flexibly, and outside the traditional hours of nine to five, a convenient childcare option was paramount for the tenants at Olderfleet. We are proud to deliver on this demand with the signing of Kids Club Early Learning Centres.”

The childcare centre will accommodate 130 children and will have 50 per cent indoor and outdoor play areas, boasting learning spaces that have been designed with a focus on natural light and the need for children to enjoy open air space.

Kids Club Early Learning Centres CEO, Corie Stone, said: “We’re thrilled to be the childcare operator of choice for Mirvac in such an iconic site. Kids Club Early Learning Centres are well recognised in Sydney and Canberra for their Education for Life Program and for having some of the most creative play spaces in Australia. We’re proud to finally bring our Six-Star Early Education experience to Melbourne.”

Kids Club Early Learning Centres and Lander & Rodgers will add to the diversity of tenants at Olderfleet, and demonstrates the strong market success for the development.

Lander & Rogers is a leading independent Australian law firm with over 80 years of operating experience across seven key areas of practice. The firm will occupy Levels 12 to 15 of the advanced commercial building, which will include technology-enabled workplaces and sustainability features.

Lander & Rogers' Chief Executive Partner, Genevieve Collins, said: "Relocating our Melbourne office to Olderfleet marks an incredibly exciting time for the entire firm and forms a key part of our future-focussed journey. It will give us the opportunity to create our own contemporary environment, enabling us to work collaboratively while inspiring the creativity that will drive innovation in our client service delivery — giving both our people and clients an exceptional experience. Importantly, this new premises will also feature a number of excellent benefits to support the work-life balance of our people. These include an onsite childcare centre, extensive end-of-trip facilities and a wellness centre, reinforcing our firm's commitment to our people's health and wellbeing".

“Lander & Rogers, a prestigious professional services organisation, was drawn to the unique working environment, amenities and the enhanced experience that Olderfleet will deliver for workers. We are delighted to have them sign on as a tenant,” added Mr Lonetti.

Construction of Olderfleet is progressing as per program with completion of the building scheduled for 2020.

A range of facilities will be available at Olderfleet including a wellness centre, luxurious hotel-style end-of-trip facilities, and 410 car parking spaces with direct access to the childcare centre. Along Collins Street and Flinders Lane, on the ground floor of the building, flexible workspaces will be seamlessly integrated within a vibrant mixed-use precinct with a variety of food and beverage offerings.

Olderfleet is targeting a 5 Star Green Star rating, a 5 Star NABERS energy rating and a Platinum WELL Certification.

On 3 September 2018 Mirvac Group (Mirvac) announced it has acquired 383 La Trobe Street in Melbourne, VIC for a total consideration of $122 million, representing an initial yield of 5.7 per cent.

Located within Melbourne CBD’s legal precinct and close to Flagstaff train station and other public transport services, 383 La Trobe Street is a seven-level B-grade office asset with future redevelopment potential. The office component covers approximately 10,200 square metres and is 100 per cent leased to the Australian Federal Police.

Mirvac’s Head of Office & Industrial, Campbell Hanan, said, “The acquisition of 383 La Trobe Street presents us with a rare opportunity to secure a significant development asset in a well-located part of Melbourne’s CBD, while providing the Group with secure income over the medium term.

“We continue to see strong market fundamentals in Melbourne, as well as limited future supply options for tenants beyond the current development cycle. This acquisition allows us to grow our presence in this key gateway city, while adding to our current $3.1 billion commercial development pipeline.”

Mirvac intends to redevelop the site into a new A-grade office tower spanning over 40,000 square metres.