NEWS

Colliers International congratulates Quintessential Equity on $120million Worksafe Victoria HQ development contract

Iconic office tower to be developed in Geelong CBD

Following a highly competitive tendering process, WorkSafe Victoria has announced Melbourne-based, unlisted property fund manager, Quintessential Equity will develop its new $120 million headquarters at 1 Malop Street, Geelong.

Construction work on the new 14-level commercial office tower, which will be Geelong CBD’s tallest building, is scheduled to begin in the coming months and will be carried out by leading Australian construction company, Built.

Located at one of Geelong’s most iconic sites, the project has been designed by architects, peckvonhartel and will merge the original heritage Dalgety & Co. building into a landmark development providing approximately 15,000 square metres of CBD PCA A-Grade office accommodation.

The project is highly significant for both Quintessential Equity and the Geelong community, with the development set to create approximately 180 construction jobs at its peak construction period and support approximately 1,000 full-time jobs once the building is complete.

Quintessential Equity Director, Shane Quinn, said the company is thrilled to be partnering with WorkSafe and the City of Greater Geelong to construct what will become a real gateway building to Melbourne’s sister city’s CBD.

“The 1 Malop Street development will set a new gold standard for regional office accommodation, providing a high quality, bespoke workspace designed specifically around the ethos of Live, Work, Play.

It will be a legacy project which will form the centrepiece of the next phase of growth and development in Geelong.

“This development will provide WorkSafe with an office building of the future, designed to meet all of its core business fundamentals while simultaneously providing employees and the local community with a new state of the art building they can be proud of.

“I am convinced the collaborative approach element was methodically researched and analysed to ensure we delivered the best possible building for both WorkSafe and Geelong. We had a fantastic bid team that took this project from concept to reality as we were supported by Edward Knowles from Colliers, Pat Burke from MP Burke, PVH, Gallagher Jeffs, Built, Minter Ellison and Aurecon.

“Quintessential Equity is firmly committed to Geelong; it’s a region on the cusp of a new wave of economic growth and prosperity driven by both State and Federal Government support. We’re investing heavily in the area as we believe it has a bright future ahead,” Mr Quinn said.  
Quintessential Equity has a pipeline of work to the value of $250 million slated for Geelong over the next two years.

“Quintessential Equity is proud to have a very strong record in sustainable building outcomes and setting the industry benchmarks for Green buildings such as 87 Marsden St Parramatta where we won the Best Commercial Building Energy Efficiency Project at the Energy Efficiency Council (EEC) Annual Awards. 1 Malop Street will set a new standard for regional buildings and we are proud to be working collaboratively with WorkSafe and its team who share our passion for sustainable building outcomes,” Mr Quinn continued.

1 Malop Street’s 14 levels will include a basement, secure on-site parking, a ground-floor café, on-site concierge, rooftop exercise and BBQ areas, and club style end-of-trip facilities with 100+ bike racks.

Upon completion, it will feature stunning views across Corio Bay, Johnstone Park and the Arts Precinct and over the Geelong CBD. 

For more information, visit: www.quintessential.com.au

1 Malop Street Geelong Colliers International Quintessential Equity WorkSafe Victoria real estate property office leasing

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