Co-work outfit Creative Cubes has leased nearly 2000 square metres at Banco Group’s Lygon Court.
The Carlton venue will be the fourth for the occupier – all up it now manages 15,000 sqm with outlets also at Hawthorn, Richmond and South Melbourne.
Another seven offices are planned within three years.
Designed by the late Ermin Smrekar, Lygon Court replaced the ex-Pram Factory, which, when it was demolished in 1980, was used as an alternative theatre.
Creative Cubes at Carlton
About half of the Creative Cubes Carlton tenancy was formerly occupied by Aunt Maggie’s supermarket.
Some 35 per cent of the office has already been rented; Antler is one of the biggest users, with 50 seats.
Banco director Mario Lo Giudice said occupiers will be able to utilise two high-profile Lygon Court occupiers – Cinema Nova, for presentations, and Brunetti, for catering (story continues below).
“I’ve been actively looking for a co-working company to respond to [the need for co-working space] and as a result, Lygon Court has undergone significant renovations to accommodate Creative Cubes,” he added.
“Co-working is now an important part of the new vision for the centre,” according to the executive.
Elsewhere in Carlton, in May, Scape paid Oxfam c$15 million for an office with plans for a student accommodation complex.
Last year, Allianz Real Estate outlaid $459m on two completed residential investments of this type – at 16-32 Leicester St and 500 Swanston.
Also in 2020, Pelligra spent $38m on the former Rydges on Swanston hotel, which is set for an upgrade.
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