Australian construction company Probuild has signed a contract with developer ISPT for the design and construction of Victoria University’s City West Tower, which will be Melbourne’s tallest vertical campus.
The $200m project, designed by Daryl Jackson, includes the delivery of an integrated fitout by Woods Bagot.
Located in the Central Business district (CBD), the project includes heritage and archaeological components.
The vertical campus will have 27 levels above ground (plus four basement levels); 24,000m² of net lettable area; and 100 car park spaces.
Probuild and ISPT have recently topped out together at a project at 271 Spring Street.
Probuild Victorian managing director Luke Stambolis said that he was excited for the challenges that lay ahead.
He said: “Significantly, this project signals Probuild’s re-entry into the University sector. This is our first vertical education campus and we’re looking forward to adapting our industry-leading expertise in high-rises to suit education needs.
“Victoria University is expanding their CBD presence in order to provide industry-best learning spaces and attract the very best students.
“Probuild is excited to be working alongside ISPT to deliver the next generation in University development.”
Demolition works will commence in December 2018 and the project will be completed prior to the end of 2021, in time for the 2022 academic year.
ISPT senior development manager Jason Lourensz said: “Following the successful ISPT acquisition of three Melbourne CBD properties offered to the market by Victoria University, ISPT is pleased to collaborate with Probuild to now deliver Melbourne’s tallest vertical campus, with a long term lease back to the University.
“Once complete, the tower will anchor this burgeoning knowledge precinct and add to the growing portfolio of properties delivered by ISPT as the sole developer and long-term owner.
“This project is a key addition to our development workbook and represents an important extension of our investment into the education sector.”
Image: Artist's impression of the new 32-storey vertical campus in Melbourne CBD. Photo: Courtesy of ISPT.