Victoria Minister for Planning Matthew Guy
Commercial Development Thrives In Docklands
Victor P Taffa
Docklands continues to strengthen its position as an economic powerhouse, driving growth and business opportunities on the doorstep of Melbourne’s CBD following today’s announcement of a $130 Million investment.
Planning Minister Matthew Guy has approved the development of the commercial building at 839 Collins Street, Docklands creating approximately 500 construction jobs and providing 3,000 ongoing jobs upon completion.
“This development is central to the Victoria Harbour Development Plan and will stimulate continued growth in Docklands commercial centre, with significant flow-on benefits to the Victorian economy.” Mr. Guy said.
“Docklands has already attracted more than $8.5 Billion of private investment at the half-way mark and this development is yet another example of private sector confidence in Docklands.”
Building Y4 is a nine level campus style development located at Victoria Harbour in the heart of the financial district. Primarily office accommodation, the building will include a central atrium linking Collins Street to the Yarra River with improved pedestrian access.
The development joins major Australian employers calling Docklands home including ANZ, the Australian Taxation Office, Myer and NAB with more than 13,000 employees across these leading organisations.
Once complete, Docklands is expected to have attracted in excess of $17.5 Billion of private investment and be home to an estimated 20,000 residents, 60,000 workers and millions of visitors annually.
“Today’s announcement reinforces the work the Coalition Government has delivered to secure Docklands as Victoria’s prime location for commercial investment.” Mr. Guy said.
“The Coalition Government is working on developing a new Metropolitan Planning Strategy to guide the future of Melbourne, including Docklands, and now is the time to get involved.”