Final piece of first-stage North Wharf precinct tops out as new data reveals growing demand for Docklands

7 Spencer is the final stage-one piece of the new North Wharf mixed-use precinct in Melbourne’s Docklands which brings together the next generation modern workplace, build to rent apartments and quality retail and amenity, alongside residential apartments and the new 1 Hotel Melbourne.

Engineering consultant, AECOM has leased more than 3,500 square metres and Work Club has committed to over 3,600 square metres, where it will operate its signature Florence Guild Wellness program, conference and event spaces, basement lounge bar, club suites and terrace as well as a Sky Bar exclusively for tenants.

To celebrate the construction milestone, Nicholas Reece, Lord Mayor of the City of Melbourne joined Mirvac’s CEO of Development, Stuart Penklis, along with Takashi Tomoda, Daibiru; Mark McManamny, Chief Executive Australia New Zealand, AECOM today on site.

New data shows office tenants are increasingly centralising in Melbourne, moving from fringe office locations into the Melbourne CBD, with Docklands the majority preferred location amongst those who have made the move in the last five years¹.

Mr Penklis said 7 Spencer, one of only three office buildings currently under construction in Melbourne, is well-placed to capitalise on this demand for Docklands with its North Wharf precinct location on the edge of the CBD.

“Since 2020, more than half of tenant relocations into the Melbourne CBD from fringe areas have been to the Docklands area. As we enter a period of lower office supply combined with improving market conditions, we are well-placed with 7 Spencer as we complete this A Grade asset, sustainably designed and built by our inhouse teams, leveraging our integrated model and our extensive track record in commercial precincts. We are delighted to welcome AECOM and Work Club,” he said.

Lord Mayor of Melbourne, Nick Reece said: "Demand for industry-leading office space in Melbourne is insatiable. Melbourne's CBD continues to be the engine room of the Victorian economy, generating 22 per cent of the Gross State Product.

Considered, sustainable and employee-focused developments like 7 Spencer are building confidence in the future of Melbourne as the best place to do business." 

“Our partnering with Work Club is in recognition of the incredible success of this services delivery model at our Olderfleet project at 477 Collins Street as well as 380 St Kilda Road, integrating state-of-the-art amenities and a vibrant community-focused environment. Our customers have told us the quality and diversity of spaces offered within the building has enabled them to drive business success and employee satisfaction,” said Mr Penklis.

“7 Spencer has been designed to capture all of these learnings, to become our future workplace benchmark and an exciting and vibrant place.”

7 Spencer will deliver approximately 46,500 square metres of A-grade space over 21 levels, be home to an estimated 4,000 workers at full occupancy and will feature over 10 individual terraces, making the most of Yarra River views. Floor plates will range from 3,000 square metres on Level 4 to 1,000 square metres on Level 20, supported by a central core to optimise workplace design and flexibility. Together with Mirvac’s neighbouring LIV Aston build to rent community, 7 Spencer will feature an activated ground plane with a diverse retail offering including affordable, grab-and go food, and a social laneway café.

Ryoji Tanaka, Managing Director, Daibiru Australia Pty Ltd said: “We are excited to celebrate the topping-out ceremony of 7 Spencer together with our outstanding partner, Mirvac. As part of our corporate principles of ‘Constructing buildings, creating towns, pioneering the new era’, 7 Spencer will contribute to placemaking as a next-generation, state-of-the-art landmark in Docklands, and will continue to support the growth and vibrancy of Melbourne for years to come. We also hope that our relationship with Mirvac Group will continue to grow stronger into the future.

“We are also pleased to welcome AECOM and Work Club to 7 Spencer as our first tenants of the 7 Spencer project. We greatly look forward to cooperating with both companies as the building develops, and we wish them ongoing success. We are confident that as 7 Spencer draws nearer to its completion it will become the new home for many companies, and look forward to working with them,” he said.

In line with Mirvac’s ambitious sustainability objectives, and catering to prospective tenants’ needs, 7 Spencer will be fully electric for the office tower component, with a 5 Star Green Star rating, 4.5 Star NABERS Water rating, 5.5 Star NABERS Energy rating and a Gold WELL Core and Shell rating being targeted. On completion, 7 Spencer will have inducted more than 1,400 site and construction workers, in addition to the workforce that delivered Mirvac’s neighbouring LIV Aston build to rent community.

Mark McManamny, Chief Executive Australia New Zealand, AECOM, said: “AECOM has set a market-leading goal to achieve science-based net zero by 2040, and our ANZ Net Zero roadmap guides how we will reduce our emissions to help us meet our goals. Mirvac’s ambitious sustainability objectives will help contribute to our 2040 sustainability goals – we’re looking forward to taking up residence in the building.”

“The North Wharf precinct is set to become one of Melbourne’s most forward-thinking destinations, and 7 Spencer will play a central role in that evolution. At Work Club, we’re creating a space where members can access more than just a place to work — they’ll engage in Florence Guild Presents, our program of talks and events featuring global thought leaders, as well as wellness experiences, hospitality, and our rooftop Sky Bar open exclusively for tenants of 7 Spencer. This is about fostering meaningful connection and supporting a more holistic way of working and living. We’re proud to once again partner with Mirvac to realise this vision,” said Soren Trampedach, Founder & CEO, Work Club.

7 Spencer has convenient connections to Melbourne CBD, Southbank and Docklands via the new Melbourne Quarter link, proximity to Southern Cross and Flinders railway stations and major tram connections and is a stone’s throw from Melbourne’s arts and entertainment hubs. Completion of 7 Spencer is expected in FY26.

7 Spencer joins Mirvac’s extensive premium office portfolio in Melbourne, including Olderfleet at 477 Collins Street, Collins Place, Riverside Quay and 700 Bourke Street. Mirvac’s total Victorian development pipeline of $7.6bn demonstrates a commitment to developing high quality, sustainable precincts and communities that meet the current and future needs of Victorians.

 

¹ Source: JLL Research: Market Insights June 2025