Hines has announced the practical completion of the firm’s mass timber office building in Melbourne, which uses Victorian Oak sourced from sustainable Australian forests, leading to a reduction of 2850 tonnes CO2 emissions compared to standard concrete builds.
The timber building offers tenants an employee-centric workspace to help attract and retain talent, while supporting the demand for high-quality, green office buildings.
T3 Collingwood is now the tallest mass timber office building in Melbourne is another milestone development for Hine.
Located at 36 Wellington Street in Collingwood, Melbourne, the 18,200-square-metre, 15-storey heavy timber office building adds to Hines’s global portfolio of 26 timber assets in various development stages across North America and Europe as of 2023.
Building with timber, as opposed to concrete and steel, results in significant savings in embodied carbon.
Hines Australia and New Zealand Country Head David Warneford said: “We’re seeing a strong pivot towards ESG adherence, as well as towards core central locations, among today’s tenants — both are expected to underpin growth for the prime end of the office market in Australia.
“Demand is there, and we see good locations and premium green buildings leasing.
“These ‘magnet buildings’ are sustainability-driven, well-located, technologically efficient, and adjacent to transit — They’re more than just office buildings, they’re places for building culture, collaboration, and community.”