- Vicinity Centres (Vicinity) is partnering with Hub Australia (Hub) to introduce a premium 4,100 sqm four-storey coworking space as part of its broader redevelopment plans at Box Hill Central.
- The partnership will enable Vicinity to complement its retail centres with workplace, residential, health, education, and leisure uses.
- The increased demand for the ‘work near home, but not at home’ model has created opportunity to bring office and retail experiences together.
Vicinity Centres (Vicinity) is partnering with Hub Australia (Hub) to introduce a premium 4,100 sqm four-storey coworking space as part of its broader redevelopment plans at Box Hill Central.
Hub brings a unique hospitality-led customer experience to the workplace and is one of Australia’s largest flexible workspace operators. Hub manages a national network of professional and premium workspaces across Melbourne, Sydney, Brisbane, Adelaide, and Canberra with state-of-the-art design, fit-out, technology, and hotel-style amenities.
As part of Vicinity’s redevelopment plans for Box Hill North and South, this 10-year partnership will further build on Vicinity’s mixed-use strategy to complement its retail centres with workplace, residential, health, education, and leisure uses.
Vicinity Centres Chief Development Officer, Carolyn Viney said: “The increased demand for the ‘work near home, but not at home’ model has created opportunity to bring office and retail experiences together. By including coworking facilities within our retail precincts, we can take advantage of existing transport links, on-site parking and easy access to all of the consumer amenity our centres offer, creating an amazing experience where businesses and employees can thrive together.
“The coworking facilities will also complement the retail redevelopment which is currently underway in Box Hill South, with a new Coles store, restaurants and a suite of other destinational retailers joining the mix.”
Once completed, Hub’s coworking space at Box Hill Central will feature flexible workspaces including suites, offices, and coworking desks. A range of shared amenities for members will include a welcome desk with dedicated concierge, café and business lounge, a range of formal and casual meeting spaces, relaxation rooms, podcast and media studio, a large member kitchen with full cooking facilities, and utility/printing areas.
John Preece, Chief Property Officer at Hub Australia, said “The world of work has changed immeasurably in the wake of Covid-19, and flexible workspaces in suburban locations have proven to be extremely resilient throughout the pandemic both overseas and here in Australia.
“We believe progressive businesses will provide ever greater flexibility to their employees moving forward. Hub is developing a network of suburban locations around Melbourne and Sydney to cater for this demand, and we are delighted to be partnering with Vicinity to deliver this ‘close to home’ network to support a flexible work future.“
Vicinity’s Masterplan for Box Hill
In mid-2020, Vicinity lodged town planning applications for the development of a 42,000 square meter commercial office building, a hybrid residential and commercial building comprising 366 apartments and 7,000 square metres of retail and office space.
The plan includes 3,350 square metres of new high quality public open space in Box Hill, made up of Spanish Steps-inspired amphitheatre and town square areas along with the creation of new walkways and roads to connect the precinct’s residential, commercial, transport, retail and hospitality offerings.
The first stage of redevelopment has commenced with works to relocate Coles from the existing Box Hill North component of the shopping centre across to Box Hill South.
“The revitalised Box Hill Central will create new pedestrian connections and a diverse range of attractive public spaces, a world-class retail offer including mouth-watering dining, fresh food and specialty stores, commercial office space and diverse housing options.
“We see coworking as a perfect companion to our existing centres with occupiers enjoying a wide range of quality everyday amenity right at their doorstep, while delivering new customers for our retail partners,” Ms. Viney said.
Pending the necessary approvals, it is estimated the Hub facilities at Box Hill Central will be operational in late 2022.
Hub Box Hill Central Fact Sheet
- Box Hill Central is a sub-regional shopping centre managed by Vicinity
- Located approximately 15km east of the Melbourne CBD
- Hub will occupy 4,100 sqm, of flexible coworking space, to be provided over 4 levels
- Ground floor bicycle parking available for coworking patrons
- End of trip facilities available for coworking patrons
- Easy access to Box Hill Train Station and Bus Terminal
About Vicinity Centres (ASX:VCX)
Vicinity Centres is a leading Australian retail property group with a fully integrated asset management platform. For more information about Vicinity Centres visit www.vicinity.com.au.
About Hub Australia
Founded in 2011, Hub is Australia’s largest privately-owned flexible workspace operator, providing premium workspace solutions to help people love where they work. With locations in Sydney, Melbourne, Brisbane, Canberra, and Adelaide, Hub’s beautifully designed serviced workspaces are used by hundreds of businesses to attract and retain the best talent, with a diverse range of amenities and benefits for its 4000+ members. For further details, please visit www.hubaustralia.com.
