Mirvac secures Norton Rose Fulbright at Olderfleet, Melbourne

Mirvac Group (Mirvac) [ASX: MGR] has today announced the signing of global law firm Norton Rose Fulbright to its Olderfleet building at 477 Collins Street Melbourne. Norton Rose Fulbright will occupy the top village of the cutting-edge commercial building.

The firm has committed to 5,100 square metres on levels 35 to 38, taking advantage of the outdoor terrace on Level 37 as a flexible space for entertaining, meetings, socialising and enjoying the spectacular city views.

Mirvac’s General Manager of Commercial Development, Simon Healy said, “As a leading global professional services firm, Norton Rose Fulbright aligns with the high calibre tenants Mirvac has secured at Olderfleet, such as anchor tenant, Deloitte. We are very pleased that the law firm was drawn to our vision for the building as a unique place to work and visit, with leading technology and sustainability design.

“Mirvac’s unique approach to developing Olderfleet through co-creation with our tenants and partners will see us deliver a truly exceptional working environment. Olderfleet will bring together luxury, architecture, innovation, interior design and art to create one of the most beautiful commercial buildings in Melbourne, and one of Australia’s smartest commercial towers.”

Norton Rose Fulbright managing partner in Australia, Wayne Spanner, said, “We’re delighted to be re-locating our Melbourne office to Olderfleet, a building which we are certain will both reflect our values and provide our partners and staff with an inspiring and technologically advanced physical platform. We are grateful to Mirvac for its support which has enabled us to make this important decision for our business.”

Mirvac is working closely with Grimshaw Architects and Carr Design to bring to life Olderfleet, with construction on the first of the office floors now well underway.

Mirvac has secured a partnership to provide smart lighting throughout the building with Enlighted, a world-leading provider of IoT platforms for smart buildings, and Honeywell, a global Fortune 100 software-industrial company, to deliver workplace performance monitoring technology. Olderfleet will be the first commercial building in Australia to roll out this new system to help tenants and building managers track activity in the workplace, leading to cost efficiencies and better performance.

As part of the system, the Enlighted sensors will be placed in each LED lighting fixture to capture data on power, temperature, motion and ambient lighting and bluetooth beacons. By pairing this with smart data analytics, tenants can gain a deeper understanding of workplace efficiency. All data will be available via a tenant portal to allow employees and building managers to make changes to the office environment in real time.

“We are proud to announce our partnership with Enlighted and Honeywell, to deliver on our promise to create a building with world-leading technology that provides the optimum environment for our tenants,” added Mr Healy.

Norton Rose Fulbright will be joining anchor tenant Deloitte, who has committed to over 22,000 square metres of office space, upon completion in 2020.

Mirvac successfully sold down a 50 per cent interest in the development to Suntec in 2017.