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Commercial milestone reached

03 May 2018

A major milestone has been achieved in Docklands, with over one million square metres of commercial floor space delivered or under construction.

In addition, more than 10,000 apartments have been built or are under construction. 

Development Victoria’s general manager precincts, Simon Wilson, said the milestones highlighted how far Docklands had come, with more than 13,000 residents currently calling Docklands home and 58,000 jobs created. 

“There is a real confidence in Docklands which is highlighted by the fact that many blue-chip companies have also moved their head office to the precinct,” he said.

“Construction is continuing on a range of commercial spaces such as Lendlease’s Melbourne Quarter and Victoria Harbour, Walker Corporation’s Collins Square, and the redevelopment of Ashe Morgan’s The District Docklands have all contributed to the milestone.” 

“Docklands also sustains between 2500 and 3000 construction jobs annually.”

Development Victoria is responsible for delivering Docklands on behalf of the state government, and works closely with stakeholders to achieve commercial and community outcomes.

In the past year, a range of projects have been delivered by Development Victoria, including new community spaces in Village St and on the corner of Harbour Esplanade and Collins St, as well as facilitating construction of a number of major projects.

“There has also been almost 170,000 square metres of retail delivered and almost 60,000 square metres of hotel space,” Mr Wilson said.

“Along with these milestones, there has been significant infrastructure delivered over several years to facilitate the boom in population. This includes new roads, the Collins St, LaTrobe St and Bourke St bridges, and the continuation of tram services.”

The Docklands community will also benefit from a new primary school, with the Victorian Government committing $18.8 million towards the construction of the first stage of the Docklands Primary School.

Docklands is expected to near completion by 2025 and at that time will welcome approximately 20,000 residents and 60,000 workers, with $17.5 billion of private investment in the precinct.

 

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