Altis Property Partners has today announced that Ticker NEWS, Australia’s premiere streaming news network, has committed to a four-year lease at its recently renovated 21,000 sqm office development at 191 Port Melbourne.
Altis Property Partners have invested over $15m in refurbishing and reconfiguring the building which it acquired off Mirvac for $86m in April 2015. GM’s lease expired in April 2020, allowing Altis to refurbish the building.
The building now features a striking central lobby and café area, north facing atriums and a suite of indoor/ outdoor co-working spaces, as well as new end of trip facilities, gym and secure parking for up to 80 bicycles. A multi-level car park at the rear of the building provides secure under cover parking for 1,055 vehicles.
Ticker News has signed a new four year lease for approx 400sqm on level 2. The new location will house a large newsroom, two purpose-built TV studios for news and content production, as well as admin and sales offices.
Ticker CEO and Founder Ahron Young said, “A year ago we never imagined we’d need more space so quickly. But our
growth during the pandemic to become a global news network means we have to move. We have rebuilt our Richmond studios four times in a year, shifting glass and studios to try and make it work. In the end, our growth outpaced our trips to Bunnings!”
Neva Courts, Director Melbourne Real Estate at Altis Property Partners said: “We’re delighted to secure Ticker News as a new tenant at 191 Port Melbourne. Through a $15 million refurbishment, we have re-imagined 191 Port Melbourne as a workplace that empowers tenants to be creative and innovative.
“Ticker’s commitment to the area further cements Port Melbourne and Fishermans Bend as one of Australia’s leading precincts for technology and innovation.”
GM Holden has retained a tenancy of approximately 4,500sqm in the building and Toll Holdings occupies c2,200sqm on Level 2. Altis are still seeking tenants for 2,124sqm on the Ground Floor, and 10,000sqm on levels 1 and 2.
Ticker COO Jed Bertalli said “The key to Ticker’s success is our flexibility to work with commercial partners. We have a huge number of Ticker Original shows we produce daily, as well as offering our studios to external productions. This will help grow that part of the business too and bring a new level of professional services that we can provide.”
“We can’t wait to bring in our clients, it’s going to be fantastic,” Jed says.
The Port Melbourne area offers convenient access to the CBD without the congestion issues or high rents that the CBD has. With easy access to the West Gate freeway and an abundance of parking, the refurbished building is well suited to large scale technology users. Adjacent to the $1 billion redevelopment of the former General Motors Holden production site on Salmon Street, the precinct forms part of one of the largest urban renewal project in Australia, covering approximately 480 hectares. By 2050, it will be home to approximately 80,000 residents and provide employment for up to 80,000 people.
Ticker CEO and Founder Ahron Young said “As soon as we saw this property it clicked straight away. It’s almost purpose built for Ticker, on the doorstep of the CBD, and 15 minutes to the airport. It’s been a quick process to get set up and we’re grateful to Neva and the team at Altis for making it happen. We’ve coined it Ticker Park!”
Ticker will begin broadcasting from the new facility from the first week of June.
The deal was negotiated by Chris Chartres, Director at Lemon Baxter who said “We’re very excited to secure Ticker News as the first tenant at 191 Port Melbourne. Having a leading broadcaster establish its global headquarters in
this facility is a significant commitment and will serve as a catalyst for more forward-thinking organisations joining this vibrant hub of innovation.”
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