Swisse relocates HQ within Collingwood
Swisse Wellness will relocate headquarters within Collingwood.
The vitamin and supplement giant, established 53 years ago and sold in 2015 for $1.67 billion to Hong Kong based Biostime (now Health & Happiness Group), is taking two floors – a speculated 900 square metres – at Peregrine Projects’ 88 Langridge Street.
Also known as 88L, the nine storey building is replacing part of a 3000 sqm block, including the ex-Langridge Design Centre, car park and smaller warehouses also fronting Waterloo Road, which the developer acquired in 2017.
The Commercial 2 zoned holding neighbours the Yorkshire Brewery residential-based project, which Peregrine, led by Joseph Chahin, completed over 20 years ago.
With the Swisse deal, 92 per cent of the 7800 sqm of lettable office area at 88L is committed prior to opening this month.
Creative Cubes is the biggest tenant – agreeing to rent over 3000 sqm two years ago; it was followed by food delivery group Providoor.
Late last year we reported Aesop leased 2500 sqm – shelving a former pre-commitment for an office under construction at 54 Wellington St, on the north east corner Langridge, in the suburb.
That group’s outgoing headquarters, on Smith St, at the Fitzroy border, is now earmarked for apartments (story continues below).
Langridge Street grows up
Swisse will relocate from a historic Foy & Gibson warehouse conversion at 111 Cambridge St, which it renovated in 2016; the company was established in St Kilda then grown in Airport West.
“Having Swisse join the list of renowned tenants…at 88L is a credit to our project and the building,” Mr Chahin said.
“We are proud to be able to offer global headquarters to this calibre of tenant,” according to the developer.
“We are incredibly impressed by this unique building and the new working environment that it represents for our team,” Nick Mann, chief executive officer of Swisse’s parent, H&H Group Australia and New Zealand, added.
Colliers’ Matt Cosgrave and Damien Atkins are the building’s leasing agents; Emmetts’ Andrew Milligan brokered the Aesop deal.
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