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7-Eleven, Starbucks, Withers Group to move Melbourne HQ to Richmond in 2019

PodCo/Terraplex repositions Building 2, 658 Church Street to make way for new full-building tenant

7-Eleven, Starbucks and the Withers Group are set to relocate their corporate headquarters from Mt Waverley to Building 2 at PodCo and Terraplex’s 658 Church Street in 2019.
In a leasing deal negotiated by Colliers International’s Travis Myerscough and Rob Joyes, 7-Eleven, Starbucks and Withers Group will move into 7,400sqm vacated by Just Group, which has moved to St Kilda Road after 21 years in Richmond. 
PodCo/Terraplex’s Anthony Wilson said the whole building would be fully refurbished for the head offices of 7-Eleven, Starbucks and the Withers Group. 
“It was our expectation that Just Group’s departure would pave the way for the building to be multi-tenanted over a number of floors but we are thrilled 7-Eleven, Starbucks and the Withers Group are moving into the whole building giving us the opportunity to undertake a full refurbishment of the asset over six levels and reposition the building for the next 20 years,” Mr Wilson said.
7-Eleven CEO, Angus McKay, said: “7-Eleven is currently split across two sites which limits our ability to balance our current needs with our future growth plans.
“We surveyed our team on what they wanted from their ‘new home’, they told us that access to public transport options, and local amenities such as cafes, gyms and shops were very important, and we believe we have delivered on the brief.

“Increasing our exposure to wider Melbourne provides us with the opportunity to access a wider talent base as we continue to grow.
“We have an incredible opportunity to create a flexible workspace and an environment that will allow our people to flourish and our businesses to grow sustainably.”
Mr Myerscough said 7-Eleven, Starbucks and the Withers Group would join a growing number of businesses gravitating towards Richmond from the outer suburbs including MYOB, Fonterra and Reece Plumbing.
“We’ve seen a shift in demand with the rag traders who have historically been the key occupiers in Cremorne – such as Just Group, Country Road and Colorado – now vacating and making way for an increasingly diverse mix with groups such as Disney, Tesla and Iveo Group recently moving into the area,” Mr Myerscough said.

Related Experts

Travis Myerscough

National Director

Office Leasing

Melbourne East

Travis has been specialising in the Melbourne Fringe & Metropolitan office leasing markets over the past 15 years. Prior to that he worked as a commercial property manager which provided a solid platform to fully understand the fundamentals of commercial leasing. Travis currently leads our Metropolitan and Fringe team which consists of 12 operators, who have consistently been market leaders over the years. With expertise in large suburban office project developments, Travis is proficient in all project phases, from the initial design through to the final leasing. In addition to developments, Travis also focuses on major backfill options, together with sub-leasing and assigning of existing leases for significant corporate organisations.

Travis’s recent endeavours include involvement in the delivery of some of the Melbourne Fringe and Metropolitan’s largest commercial office developments, these include; 459 Church Street, Richmond (Salta Properties), 200 Victoria Parade, East Melbourne (Time & Place),  627 Chapel Street, South Yarra (Goldfields), 36 Wellington Street, Collingwood (Hines), 600 Church Street, Richmond (Bayley Stuart Capital), Nexus Corporate Park (Salta Properties), Botanicca Business Park (Investa & Opus), 68 Clarke Street, South Melbourne (Hickory) and Chadstone Office Development (Vicinity).

View Expert

Rob Joyes

Director In Charge | Melbourne East & National Director

Capital Markets & Office Leasing

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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