Spooners launch two more towers in Melbourne

The ultra-wealthy Spooner family will kick off construction of the next two office towers at its Caribbean Park office estate in Melbourne’s south-east after securing two more tenants to its first two towers, taking total leasing to over 10,000 square metres.

In the latest deals, financial services group Austbrokers Countrywide and motor vehicle insurer AVEA Insurance have taken a combined 2500 sq m at the completed 16,00-sq-m twin tower complex at 35 Dalmore Road in Scoresby.

“The leasinf commitments have spurred the Spooners to start construction on the next two office buildings – also on a speculative basis,” said a spokeswoman for leasing agent CBRE.

CBRE Senior Negotiator Gianni Macdonald negotiated the leasing deals with Gorman Commercial representing Austbrokers. Austbrokers have committed to a 10-year lease on 1500 sq m of sapce; AVEA 1000 sq m of space on a five-year term.

The dels are worth about $750,000 per annum in annual rent, adding to leasing deals already struck with Newell Rubbermaid and Miele in July last year.

Ben Spooner, son of Carribbean Park founder Rodney Spooner, said the new lease commitments were another exciting step forward in realising the family’s vision of creating a new generation workplace less than 27 minutes’ drive from the CBD.

Published in AFR, 9 March 2016
By Larry Schlesinger