Melbourne’s most sustainable office tower on the market

29 September 2022

Impact Investment Group’s (IIG) flagship Collingwood office project, 54 Wellington, is being prepared for sale with Cushman & Wakefield appointed as exclusive selling agents.

The A-Grade building is now 82 per cent leased with the tenant community made up of values-aligned, purpose driven organisations including Bank Australia, Yoorrook Justice Commission, Expression Australia, The Commons Co-Working Group and Today. Each delivers positive social and / or environmental impact.

One of Melbourne’s most environmentally credentialled commercial buildings, 54 Wellington is 6 Star Green Star ‘as built and design’ rated and is targeting a 5 Star NABERS Energy rating and Platinum WELL status.

“IIG has been a pioneer in green property investing, helping make what was once forward-thinking now mainstream practice. Our mission has always been to shift capital towards investments that blend financial returns with deep social and environmental impact,” Impact’s Head of Asset Management, Dan Colman, said. “54 Wellington is testament to Impact Investment Group’s belief that sustainable property investment is about more than bricks and mortar.

“At 54 Wellington, the community is as significant a feature as the fixtures and fittings. We applied a sustainability lens to the leasing of the building, where traditional covenant strength went beyond a tenant’s balance sheet – because we know that those who do good, also do well.”

Designed by John Wardle Architects with landscapes designed by Openwork + Robyn Barlow, 54 Wellington comprises 15,000sqm across a 12-storey and a five-storey building, rooftop garden, wellness offerings and ground floor retail.

With a price guide of $160million, 54 Wellington Street in Collingwood is for sale through Cushman & Wakefield’s Leigh Melbourne, Nick Rathgeber, Mark Hansen and Josh Cullen.

Mr Melbourne said 54 Wellington offered a combination of features that modern, responsible global investors were seeking.

“54 Wellington is an outstanding investment opportunity for local and offshore capital looking for a premium investment, with environmental upside,” Mr Melbourne said. “Furthermore, in recent years, there has been an increase in the number of companies that are certified as sustainable and responsible workplaces. This is a positive trend, and one that is likely to continue as the pressure on businesses to operate sustainably increases.”

“54 Wellington is designed to achieve the highest possible ESD ratings and is occupied by purposeful tenants who prioritise the local and broader community in addition to their own stakeholder interests.”

54 Wellington Street is surrounded by public transport choices, with extensive on-site parking for 136 cars. It also offers excellent facilities for cyclists, with 160 spaces plus a repair station, as well as premium End of Trip facilities including a breakfast bar and drying cabinets.

The vibrant Smith Street is just moments away, providing occupants with easy access to the abundance of dining, retail and fitness options available throughout Collingwood and nearby Fitzroy.

54 Wellington Street, Collingwood is for sale by International Expressions of Interest closing Thursday 3 November 4pm AEDT.