It looks like Melbourne’s co-working culture is here to stay, with flexible workspace provider Spaces signing a 10-year lease in Collins Street’s T&G building. Spaces has signed across levels one and two of the T&G Building as owner Pembroke Real Estate completes the final stages of the building’s refurbishment, which commenced in January 2017. Due for completion in February 2018, the building at 161 Collins Street will offer 43,000 square metres of prime grade commercial office and retail space, enhanced by a reconfigured atrium and expansive floorplates up to 4,000 square metres. “Pembroke recognises that flexible workspace is a market of growing importance within the real estate and entrepreneurial communities,” Pembroke Real Estate’s vice president Matthew Knight said. “Spaces, together with our exceptional mix of luxury retail including Gucci, Bottega Veneta and Versace, and long-term commercial tenants like Accenture and IOOF, will help create a vibrant and creative community at the T&G Building.” Versace leased a 307-square metre shop in the building in December as it opens Australia’s first stand-alone Versace store. Accenture was secured early last year as a major tenant in the building on a 10-year lease, taking nearly 30 per cent of the available leasing space.
Versace -owned flexible workspace provider Spaces has leased two floors of the Collins Street T&G building in Melbourne from owner Pembroke Real Estate , in a 10-year deal. The building will also house Accenture, as well as WeWork 's fourth stand-alone store in Australia . Spaces currently has locations in Richmond , Melbourne and Sydney , Sydney . Rival WeWork opened its fourth Australian location in November 2017 , at Bourke Street , Melbourne , with another location due to open at 401 Collins Street T&G this year .