Peregrine Projects prepares to launch first major office development

Colliers International to lease eye-catching new project at 175 Burnley Street

Peregrine Projects is making strides with its foray into major commercial office development with a new project at 175 Burnley Street in Richmond. 

Colliers International’s Matt Cosgrave and Rob Joyes, in conjunction with Anthony Park and Joshua Jennings of CBRE, to lease 9,340sqm of new, architecturally designed office space over eight levels. 

175 Burnley Street is set to commence construction in July 2019 and be available to occupy from December 2020. 

Designed by award-winning Australian architectural firm Jackson Clements Burrows, 175 Richmond will combine leading design concepts such as adaptable work space areas, sustainable principles, connectivity, collaboration and productivity. 

The building will also incorporate a flagship ground floor hospitality space.

“This stunning new building will incorporate flexible floorspaces with four sides of exceptional natural light and 122 secure basement car spaces,” Mr Cosgrave said. “But its crowning feature will undoubtedly be its rooftop terrace, showcasing stunning uninterrupted city views.”

“175 Burnley Street has been designed to be fully customisable with flexibility to subdivide, and offers an opportunity for an incoming tenant to tailor the layout to their business’ culture and requirements.

“The project offers a high performance contemporary building design complemented by impeccable on-site hotel style end-of-trip amenities comprising showers, bathrooms, individual lockers, secure bike storage and a bike workshop.”

Mr Joyes said demand for city fringe office space, east of the CBD, had increased markedly in 2018, with tenants on the hunt for striking, flexible workspaces. 

“With Melbourne’s inner east office market traditionally tightly held, we are anticipating this standout new building will hold great appeal to tenants,” he said. “This location offers the best of both world’s – it allows occupants to base themselves within the sought after Richmond office market whilst also offering easy access to other inner east hot spots such as Kew and Hawthorn.”  

Mr Joyes said limited supply in the inner east was likely to point tenants to other pockets of Richmond, particularly the eastern area around Botannicca, Victoria Gardens and Burnley Street. 

“This pocket, and the high quality office buildings located within, are likelty to pick up some of the strong demand from the inner east that will spill over into surrounding precincts,” he said. 
 

Related Experts

Rob Joyes

Director In Charge | Melbourne East & National Director

Melbourne East

Over the last sixteen years Rob has built an arguable and enviable reputation as the most dominant agent in the Melbourne Metropolitan office market, specialising in major project leasing and development sites.

Rob's unique perspective combines specialized experience and knowledge with a creative, solutions-driven approach to understanding and fulfilling his client needs. He has built strong relationships, delivered results and become a trusted advisor to some of the most prominent local and national investors and occupiers.

Since 2008 alone, Rob has sold $450 million in value of development sites and commercial investments and leased approximately 190,000sqm on behalf of Stockland, Australand, Investa, Goodman, Colonial First State Property and Salta Properties. In 2013 he assisted corporate clients with their accommodation needs including Pacific Brands, Country Road, The Good Guys, United Energy, Woolworths and GE.

Rob also leads a team of more than 30 professionals in the Colliers International Melbourne East business, offering a full range of specialist services including sales, leasing, valuations and property management in the office, industrial, retail and residential sectors.

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Matt Cosgrave

Associate Director

Melbourne East

I joined the Colliers International Fringe Office Leasing Team at the end of 2013 as an executive and through hard work and dedication was promoted to Manager in 2016.

I am considered an expert within the Office Leasing Market, specialising in the City Fringe precincts. I have built a great reputation amongst my clients by always seeking to exceed their expectations.

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