Charter Hall's 1 Nicholson Street building
(Image: AFR)

“We’re excited to be opening a second location in Melbourne, offering growing businesses, including small businesses and corporates, the chance to join our thriving coworking community. Our years of experience in the local coworking sector have given us the expertise to create spaces for Australian businesses that promote innovation, community and ultimately business growth.” - Hub Australia CEO and Founder, Brad Krauskopf

This fifth location continues Hub’s rapid growth - with its upcoming Hyde Park location launching in March. Hub Australia’s expansion has been fuelled by a recent investment from Wingate, a finance and investment house.

Hub has employed the internationally renowned design practice HASSELL to work on the space, and it is expected to house a cafe, meeting spaces, gym and relaxation space.

“Hub Australia will continue to expand its reach as the Australia coworking market goes from strength to strength and more businesses learn the value of coworking.” - Mr. Krauskopf

Melbourne will also see the launch of WeWork’s new Collins Street location and GPT-led Space&Co.’s new Exhibition Street location in 2018, prior to Hub’s new space in 2019.

The new site will span 2,700 sqm on the top three floors of Charter Hall’s 1 Nicholson Street building. Charter Hall’s Head of Direct Property, Steven Bennett explained that as one of the largest national office property owners, the Group strives to deliver great workspace experiences for its tenants and their visitors.

“We are pleased to welcome Hub Australia to 1 Nicholson Street and we are excited about the community dynamic and greater flexibility that its coworking environment will deliver for our other tenant customers and anyone seeking workspace in Melbourne’s CBD. Victoria’s nation leading population and employment growth continues to support the CBD office market and this lease maintains the buildings occupancy level at 100% creating significant value and enhanced income yield and total returns for our Direct Office Fund investors.” - Steven Bennett

Charter Hall's 1 Nicholson Street building
Charter Hall's 1 Nicholson Street Building (Image: Beckon Media)