All-electric office building tops out at Eastland
Apr 9, 2024
Last month, QIC’s latest office development, 5 Bond Street, topped out at Eastland’s fast-growing commercial precinct, which is steadily establishing itself as a popular hub for professional and public services in Melbourne’s east.

Designed by Melbourne architecture firm Fender Katsalidis and delivered by construction partner Maben, the all-electric 12,000sqm office building is targeting 6-star NABERS and 5-star Green Star ratings across its five floors of office space and 242-space carpark.

Positioned in one of Victoria’s strongest growth corridors, the building provides doorstep access to the vibrant retail, dining and lifestyle offerings of Eastland as well as ultra-convenient public transport connectivity via the adjacent Ringwood train station and bus interchange. The new commercial building also benefits from the on-site accommodation and conference facilities of Sage Ringwood

Eastern Health, a leading specialist provider of emergency, surgical, medical and general healthcare services, will occupy approximately 5000sqm across 5 Bond Street’s ground floor, level 5 and 6, while a new national head office for Australian not-for-profit apprenticeship network provider MEGT will occupy level 9.

The imminent launch of 5 Bond Street follows the opening of the 14,000sqm Department of Transport office tower opposite the shopping centre and a 4000sqm Waterman coworking space within Eastland in 2022.

QIC Investment General Manager Quintin Mansell said: Through the professionalism and efficiency of longtime QIC collaborators Maben and Fender Katsalidis we've been able to deftly navigate the challenges facing the construction industry of late and remain on track to deliver another CBD-standard office building for this booming Melbourne suburb.”

He added that interest from locals SMEs had proved this metropolitan fringe market to be exceptionally resilient;High-performing suburban office alternatives are significantly out-indexing the broader market, which bolsters our conviction in the demand for flexible and high-quality workspace that is close to where people live and offers a greener, more cost-effective commute.” He continued: “As the region’s population continues to grow, this demand is only set to increase.”