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Mirvac says Melbourne office market is stabilising

Michael Bleby

Property group Mirvac has signed up tenants Aecom and Work Club to 7 Spencer, the $480 million, 22-storey office building it expects to complete early next year at Northbank on the Yarra River edge of the Melbourne CBD.

The engineering consultancy has taken 3500 square metres and the coworking space provider 3600 square metres, together accounting for 16 per cent of the 44,500-square-metre building developed and half-owned by ASX-listed Mirvac and half-owned by Japanese developer Daibiru.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/commercial/mirvac-says-melbourne-office-market-is-stabilising-20250721-p5mgoy