Melbourne Quarter - Urbis CBD Market Outlook Report June 2021

Melbourne and its CBD ties in all the necessary determinants of what makes a world-renowned liveable city linked to education, infrastructure, culture & environment, healthcare & safety and political stability. Melbourne has held the record for seven consecutive years as World's Most Liveable City between 2010 and 2017. In 2021, Melbourne achieved a top 10 ranking, taking into account the impact of the Covid-19 global pandemic. Source: Eiu Global Liveability Index 2021 Melbourne 2010-2017 2019-2021 #1 EMPLOYMENT The western end of Melbourne’s CBD and the southern half of Docklands have experienced a transformation over the last ten years, with many national and international corporations relocating to new, first class headquarters in the area. Collins Street is the principal commercial office street in the CBD , running east to west past Melbourne Quarter, into Victoria Harbour, Docklands. now extending into Victoria Harbour, Docklands. The City of Melbourne is anticipated to see a 26% increase in jobs in the local area, between 2019 and 2031. EMPLOYMENT FORECAST Source: City of Melbourne, CLUE 2019 03 04 02 KEY PROJECTS & MAJOR COMPANY HEADQUARTERS METRO TUNNEL PROJECT $11b – Estimated Completion: 2025 Twin nine-kilometre train tunnels with five new underground stations. Improve train capacity by around 60%. High capacity trains to transport approximately 39,000. people across the west, north and south-east of Melbourne. ROYAL MELBOURNE HOSPITAL $2b – Estimated Completion: 2022 Redevelopment at the City and Royal Park Campuses. Ambulatory care centre, short stay surgery, chronic disease patient area, plus training and research facilities on the grounds of Melbourne University. ARTS PRECINCT, SOUTHBANK $1b – Estimated Completion: 2025 National Gallery of Victoria Contemporary. Approx 18,000 square metres public space. Upgrade and enhance theatres and connections with main arts centre. UNIVERSITY OF MELBOURNE FISHERMANS BEND CAMPUS $1b – Estimated Completion 2023 Seven-hectare campus. Estimated to boost Victoria’s economy by $8 billion and generate 15,000 new jobs by 2035. 01 03 04 02 F1 Australian Grand Prix Annual motor racing event Melbourne Cup “The race that stops the nation” Australian Open One of four Grand Slam tournaments MAJOR SPORTING EVENTS HOSTED IN MELBOURNE WORLD'S MOST LIVEABLE CITY Source: Cordell, State Government of Victoria, University of Melbourne 240,500 307,000 497,200 628,000 2019 2031 Melbourne CBD City of Melbourne 2019 2031 28% INCREASE 66,500 additional jobs 26% INCREASE 130,800 additional jobs 01 MELBOURNE TOP 10 Market Outlook Melbourne CBD 2