Lendlease Annual Report 2021

Melbourne Quarter. Something for everyone. Designing customer driven solutions provides the opportunity to secure the best projects, deliver on stakeholder needs and ultimately create places where communities thrive. Melbourne Quarter, once a transport and industrial hub known as Batman’s Hill, sat dormant for decades. In partnering with Development Victoria a new, vibrant inner city precinct, with a diverse mix of workspaces, living, hospitality, retail and green public realms, is being created. Set to house approximately 3,000 residents and 15,000 workers, our vision is to establish a connected place where innovation and businesses thrive, visitors are welcome and residents feel at home. Designing and creating such an experience requires a close understanding of all stakeholder needs, responding to them and working together to generate value. Melbourne Quarter Working together With our customers in mind – government, investors, tenants, residents, retailers and visitors – Melbourne Quarter is transforming into one of the city’s largest mixed use urban regeneration precincts. Responding to the community Designing and creating a place requires a close understanding of the people who will want to be there. Melbourne Quarter reflects what our customer’s value: culture, convenience and nature. Drawing on our extensive placemaking capability, we introduced laneways to link the precinct to Southern Cross Station, the city’s most connected transport hub; preserved and integrated an 1890 heritage listed wall; and have created green space with a Wi-Fi enabled public sky park suspended above Collins Street. For greater inclusivity, we partnered with Summer Housing on East Tower, designing ten apartments for people with high physical support needs. A major art program was also introduced, generating c.$13 million in social value. Aligning with investment partners Workplaces and residential buildings within the precinct are being delivered in partnership with investors attracted to sustainable real estate with superior amenities and connectivity. They include: Mitsubishi Estate, Aware Super, National Pension Service of Korea (NPS) and Lendlease’s Australian Prime Property Fund Commercial. Understanding tenant priorities Blue chip tenants from a range of industries have been enticed by our knowledge and expertise in placemaking. Our offering of premium and A grade office towers, superior transport connectivity, retail and wellbeing amenities has attracted customers such as Arup, AMP, EnergyAustralia, and Medibank across the three towers. The precinct is set to deliver a diverse range of services including an exclusive commercial tenant experience platform and a boutique wellness hub including childcare and allied health services. Coworking and flexible spaces cater to the aspirations of customers wanting to maximise the health, collaboration, connectivity and creativity of their people. Creating value Melbourne Quarter’s centralised location and amenities benefit workers wanting easily accessible public transport and diverse workspaces; residents seeking local cafes and open space at their doorstep; and blue chip tenants attracting employees to a highly connected space.  Strong leasing on completed towers Tower 1: 99% leased Tower 2: 97% leased  15,000 construction jobs Melbourne: Melbourne Quarter on Wurundjeri Country c.150,000sqm of commercial office space across three towers, two residential towers with c.1,500 apartments and 40 retail shops once complete. FY13 Secured FY26 Expected completion Establishing a thriving community Melbourne Quarter has sustainability and connectivity at its core. It is delivering smart solutions across the built form and operations, positively impacting the health, wellbeing and lifestyles of residents and visitors. The precinct features some of the highest sustainability ratings achievable. More than 50 per cent of space is green and publicly accessible Precinct wide flexible coworking workspace Walk Score rating of 100 per cent, 6 Star Green Star Design & As Built ratings for 1MQ and 2MQ and a 5.5 Star NABERS Energy Base Building rating for 1MQ 6 Star Green Star Communities award Artist’s impression $3 billion Total estimated development end value of which 43% is complete "Being a health company it’s a priority that we support our people in achieving good health and wellbeing. This focus is central to our new office and at the heart of all design elements. It will be a place for concentration, collaboration and connection." Kylie Bishop, Medibank Group Executive People and Culture 29 A sense of place 28 Lendlease Annual Report 2021 A Sense of Place