IIG Collins Trust
Asset type: Commercial property
The IIG Collins Trust owns 401 Collins Street, an iconic art-deco building in the heart of Melbourne's banking district. International space, community, and services company, WeWork, has leased the building’s rooftop and the entire nine floors of commercial space, and IIG a leading pair of Melbourne restauranteurs have plans to establish a new hospitality brand on the ground floor.
A new fit-out for levels mezzanine to 9 and the rooftop, primarily designed by WeWork, will take advantage of their extensive experience supporting collaborative working. Newly claimed space on the rooftop and in the basement will see the net lettable area (NLA) increase by 360sqm, bringing the total NLA to approximately 6,291sqm.
The property is currently amidst a rejuvenation program, which will see the 401 Collins Street repositioned as a truly iconic, modern, fully refurbished office building in the heart of the Melbourne CBD.