Real Estate

Younghusband Development

Transformation of a 120-year-old wool store in inner-city Melbourne into a premium heritage office development

Younghusband is a heritage-listed site with planning approvals in place for a multi-stage infill precinct comprising up to 56,000sqm of A-grade office and retail offering targeting best in class sustainability ratings.

Younghusband Development
Sector
Office & Retail Development
Country
Australia
Fund
Real Estate
Entry
2022
Type
Website
Website
GO TO WEBSITE

About

Younghusband Development

The redevelopment is a joint venture with Canadian investment powerhouse Ivanhoé Cambridge and Built, Australia’s leading private contractor, who has expertise in delivering heritage assets. The property is in Kensington, one of Melbourne’s last remaining “villages by the city”, only three kilometers from the CBD. The proposed development is supported by the significant investment by the Victoria State Government and the Melbourne City Council through the Macauley and Arden Structure Plans. With a new train station and recent investment from some of the world’s leading private and public investors, the area will be home to the full ‘work, live, play’ experience that characterizes some of the world’s greatest neighborhoods.

The development is also targeting leading environmental and sustainability ratings including 6-Star Green Star Design & As Built v1.3, WELL Core v2 Gold, 5.5 Star NABERS Office Energy (Base Building), 4.5 Star NABERS Water and Climate Active certification to be carbon neutral in operation and in construction service.

Investment Highlights

Real Estate

Younghusband Development

Transformation of a 120-year-old wool store in inner-city Melbourne into a premium heritage office development

Younghusband is a heritage-listed site with planning approvals in place for a multi-stage infill precinct comprising up to 56,000sqm of A-grade office and retail offering targeting best in class sustainability ratings.

Younghusband Development
Sector
Office & Retail Development
Country
Australia
Fund
Real Estate
Entry
2022
Type
Website
GO TO WEBSITE

About

Younghusband Development

The redevelopment is a joint venture with Canadian investment powerhouse Ivanhoé Cambridge and Built, Australia’s leading private contractor, who has expertise in delivering heritage assets. The property is in Kensington, one of Melbourne’s last remaining “villages by the city”, only three kilometers from the CBD. The proposed development is supported by the significant investment by the Victoria State Government and the Melbourne City Council through the Macauley and Arden Structure Plans. With a new train station and recent investment from some of the world’s leading private and public investors, the area will be home to the full ‘work, live, play’ experience that characterizes some of the world’s greatest neighborhoods.

The development is also targeting leading environmental and sustainability ratings including 6-Star Green Star Design & As Built v1.3, WELL Core v2 Gold, 5.5 Star NABERS Office Energy (Base Building), 4.5 Star NABERS Water and Climate Active certification to be carbon neutral in operation and in construction service.

Investment Highlights

Real Estate

Younghusband Development

Transformation of a 120-year-old wool store in inner-city Melbourne into a premium heritage office development

Younghusband is a heritage-listed site with planning approvals in place for a multi-stage infill precinct comprising up to 56,000sqm of A-grade office and retail offering targeting best in class sustainability ratings.

Younghusband Development
Sector
Office & Retail Development
Country
Australia
Fund
Real Estate
Entry
2022
Type
Website
JV Partner

About

Younghusband Development

The redevelopment is a joint venture with Canadian investment powerhouse Ivanhoé Cambridge and Built, Australia’s leading private contractor, who has expertise in delivering heritage assets. The property is in Kensington, one of Melbourne’s last remaining “villages by the city”, only three kilometers from the CBD. The proposed development is supported by the significant investment by the Victoria State Government and the Melbourne City Council through the Macauley and Arden Structure Plans. With a new train station and recent investment from some of the world’s leading private and public investors, the area will be home to the full ‘work, live, play’ experience that characterizes some of the world’s greatest neighborhoods.

The development is also targeting leading environmental and sustainability ratings including 6-Star Green Star Design & As Built v1.3, WELL Core v2 Gold, 5.5 Star NABERS Office Energy (Base Building), 4.5 Star NABERS Water and Climate Active certification to be carbon neutral in operation and in construction service.

Key Figures

Location
Sydney, New South Wales
Site Area
1,681 m2 (combined development site)
Asset Class
Office
Occupancy
100%
Location
Adelaide, South Australia
Gross Lettable Area
23,243 m2
Asset Class
Retail
Passing Yield
5.2% (at acquisition)
Tenants
90 (at acquisition)
Location
Melbourne, Victoria
Site Area
258,885 m2
Asset Class
Mixed-use
(Residential and Commercial)
Residences
1,000+
Location
Melbourne, Victoria
Site Area
15,745 m2
Asset Class
Office (with supporting retail)
Net Lettable Area
up to 56,000 m2 (upon completion)

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