AND FINALLY

Nissan head office completed

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FRASERS Property Industrial and ESR Australia have completed Nissan Australia’s new head office in Mulgrave.

The 11,816 sqm facility is spread across five levels and comprises 9,616 sqm office which includes a 1,348 sqm showroom and training rooms, together with a 2,200 sqm workshop and 550 car parking bays. The remainder of the building is speculative office space located within the top three levels of the building (approximately 5,850 sqm) and available for lease.

Nissan Australia’s managing director Stephen Lester said: “We are delighted to relocate to new premises in Mulgrave, with modern facilities to support our staff and facilitate the training programs for our national dealer network.”

Frasers Property Industrial general manager southern region Anthony Maugeri said the south east office precinct is continuing to grow as Melbourne’s automotive heart with many auto brands located in the surrounding areas.

“With the completion of Stage One in Wellington Place, our focus turns to the next phases of the development, including converting the unique heritage building at the heart of the estate into amenity,” ESR Australia CEO Phil Pearce said.

The joint venture purchased the 4.67-hectare Wellington Place site at 254 Wellington Rd and last year and secured Nissan as anchor tenant for the first stage. This site has received planning approval for approximately 60,000 sqm of commercial space, 880 sqm café/retail area and 2,582 car spaces. A 2,000 sqm community hub is also envisaged incorporating a café, gymnasium, restaurant, childcare, activated outdoor open space and more.

Wellington Place is expected to have an end value of A$400 million when completed.

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