We have appointed leading property fund manager and developer
Quintessential Equity and unveiled an innovative and sustainable timber design
for our new central administrative office at 137 Mercer Street.
multidisciplinary Australian practice COX Architecture, our new office
features a beautiful and sustainable Cross Laminated Timber (CLT) design,
creating a light-filled, healthy, contemporary workplace for our central
Geelong-based employees. The new Civic Precinct will bring our staff together
from seven central Geelong offices to drive collaboration, reduce costs, and
future-proofour workplace needs.
expected to begin on the Civic Precinct mid-2020, with project
We are partnering with
Quintessential Equity in a $200 million investment, with
construction of the new Civic Precinct to create nearly 900 local jobs. An
estimated 43 per cent of construction costs will be sourced locally.
multi-building design of the new Civic Precinct includes a second commercial
building to be funded completely by Quintessential Equity, creating sustainably
designed, PCA A-Grade office space for an additional 900 full-time workers in
delivering the Civic Precinct without any increased cost to the ratepayer. In
fact, once environmental and workplace efficiencies, increased rental returns,
additional commercial rates and a reduced interest rate are factored in, the
project will generate positive cashflow of $1.2 million per year.
future-proofing our organisation’s workplace needs, by taking advantage of low
interest rates and high office rental returns to invest in expansion space
within the Civic Precinct at a cost of $8.5 million, to be tenanted out until
needed, repaying the additional cost and generating positive rental revenue.
This is a
forward-thinking and cost-effective alternative to purchasing or renting
additional office space in 10-15 years as the organisation grows to meet the
needs of Greater Geelong’s growing community.
cost, alongside the creation of 2600 square metres of active public space and leading
environmental credentials which support our commitment to moving to 100%
renewable energy, takes our contribution to the Civic Precinct to $102.5
Precinct includes significant social investment. Together with Quintessential Equity, we will engage with G21 Regional Opportunities for Work (GROW) to ensure
disadvantaged areas benefit from procurement and local employment opportunities
created by the project.
Precinct has been designed to meet the key aspirations set out by the Geelong
community in our Civic Precinct community engagement earlier this year.
Over the coming weeks we will be engaging with community again on the use
of public space within the precinct.
The partnership is
also committed to meaningful ongoing engagement with Traditional Owners and the
local Aboriginal community, building on the engagement undertaken earlier this
office will achieve the highest standards of sustainable design with a 6 Star
Green Star Design and As-Built Rating as well as a 6 Star NABERS Energy Rating,
meeting our environmental aspirations and validating our UNESCO
City of Design designation.
With 48 per cent
of the site dedicated to accessible public space as well as co-working spaces
and retail and food tenancies, this vibrant and thriving precinct will provide
direct connections to Johnstone Park and pedestrian access through to Bayley
office will feature end-of-trip facilities to encourage active modes of
transport such as walking and cycling.
Equity bring significant local experience to the table, including the WorkSafe
building at 1 Malop Street, completed in 2017 and GMHBAs new head office at 60
Moorabool Street which will be completed in 2021.
Timber (CLT) is a sustainable and cost-effective alternative to more
traditional construction methods. Quintessential Equity have partnered with
local company Cross Laminated Offsite Solutions (CLOS) for this project,
creating new jobs at their Avalon manufacturing site and acting as a catalyst
for manufacturing development in the region.
Find out more
about the project and view videos, renders and sketches of the design by
visiting our Civic Precinct page.
Councillor Bruce Harwood - Mayor
We’re really excited
to announce Quintessential Equity as our development partner for our new Civic
Precinct. Combining Council and Quintessential Equity’s investments represents
a $200 million investment in our region, which supports our community-led
Clever and Creative 30-year vision and celebrates our designation as a UNESCO
City of Design.
Our new office will
achieve the highest standards of sustainable design, achieving a 6 Star Green
Star Design and As-Built Rating, a 6 Star NABERS Energy Base Building Rating,
4.5 Star NABERS Water Whole Building Rating and a 6 Star NABERS Waste Base
We set out to
deliver this significant investment without an increase in rates, and not only
have we achieved that, we’re expecting to deliver this project ‘rates positive’
with a return of around $1.2 million per annum once efficiencies and rental
returns are factored in. We’re also future-proofing the City’s workplace needs
and requirements for the next 20-30 years.
Our new Civic
Precinct sets an exemplary standard for future office buildings in Geelong
through the highest standards of sustainable design, activating street
frontages and generating significant public space, and providing large,
flexible floorplates designed for new ways of working.
Martin Cutter - Chief Executive Officer
We’ve achieved a
fantastic result with the design of our new Civic Precinct, creating a modern,
contemporary office for the City’s central Geelong employees. Bringing our
workforce together in the one building will help improve collaboration, save
money and improve the delivery of services to our community.
Our new Civic
Precinct will be far more than just an office building for City employees –
with 48 per cent of the site dedicated to public space we’re creating a
thriving vibrant public precinct, welcoming and accessible to everyone.
Sophie Patitsas - Chair - Design Advisory Committee - Office of the Victorian
Out of a field of
three strong shortlisted candidates, Quintessential Equity’s proposal
represented the best outcome for the City and the greater Geelong community.
The project team brings to the table a wealth of design expertise, a
collaborative approach and a deep understanding of the opportunities presented
by this significant project.
The proposal provides an exemplary design that
befits a new civic accommodation precinct for Geelong as UNESCO City of Design
– one that creates value for the City and region now and into the future.
Shane Quinn - Executive Chairman - Quintessential Equity
We are delighted to
again be making an important contribution to the growth and transformation of
This special project has all the hallmarks of what
Quintessential Equity values from creating a world class sustainable building
and precinct, which will embrace the unique lifestyle that Geelong has to offer
combined with a workspace where the City of Greater Geelong employees and wider
community can thrive and be proud of, reflective of one of Australia’s fastest
growing urban areas.
Patrick Ness - Design Director - COX Architecture
This project will
serve as a catalyst and a benchmark, which will guide the development of
Geelong for decades to come. It has the potential to create local jobs, support
sustainable development and bring significant potential to grow an advanced Cross
Laminated Timber (CLT) manufacturing industry in Geelong.