Mirvac partner with Daibiru for 21-storey office tower

Partnership announced for project that represents “integral” final piece in mixed-use Northbank precinct.

Developer Mirvac has announced a “strategic relationship” with Japanese real estate company Daibiru, to deliver a workplace development near the corner of Spencer and Flinders Streets.

The 7 Spencer St development on the Docklands/CBD edge will offer around 46,000 sqm of floor space and, notably, over 10 individual terraces with views out to the Yarra River.

The Northbank site also features Mirvac’s second build-to-rent property in Melbourne, which iss set for completion in mid-2024.

“7 Spencer St is the integral final project in the creation of an exciting new true mixed-experience precinct, bringing together a world-class modern workplace, build-to-rent apartments at LIV Aston, and quality retail and amenity,” Mirvac managing director Campbell Hanan said.

Mr Hanan said it was “delighted” with the partnership: “Building a strategic relationship with a high-calibre investor like Daibiru, is consistent with our funds management strategy to sell down an interest in our assets to strategically aligned, long-term investment partners.”  •