TITLE: Bayside's new 12 Balmoral Walk office precinct to supercharge Frankston's new look CBD

• New eight-storey A-Grade office building, 12 Balmoral Walk, as the first step in transforming Bayside into a diverse mixed-use precinct
• 14,000sqm office space strategically located with convenient access for the region's 400,000 workers
• Enabling 210 jobs and more than $50 million of value add to the Victorian economy during construction
• Bringing more than 1,400 local jobs to the Frankston CBD on completion

Vicinity Centres (Vicinity) has taken a significant first step to transform Bayside into a diverse mixed-use precinct, revealing approved plans for a new state-of-the-art, eight-storey A-Grade office building, 12 Balmoral Walk.

Taking advantage of Frankston's strategic location in Melbourne's expanding south east, serving as the gateway to the Mornington Peninsula and at the centre of the community for over 400,000 Melbournians living in this region, 12 Balmoral Walk offers a contemporary office solution for organisations looking to decentralise office accommodation for increased affordability and proximity to employees.

Vicinity's Chief Development Officer, Carolyn Viney, said: "12 Balmoral Walk is the first step in the transformation of Bayside and forms part of the evolution of Frankston's business district, offering a new workplace solution boasting the hyper convenience of direct transport links to the greater metropolitan Melbourne area, on-site parking and enjoying the vibrancy of the Bayside retail and entertainment precinct on its doorstep.

"The 'work near home' model is gaining momentum as people long for the connection missing while working from home but without the commute time. 12 Balmoral Walk is perfectly located to provide the 'work near home' model for employers and employees looking for the best in work-life balance."

Located adjacent to Bayside, 12 Balmoral Walk will include approximately 14,000sqm metres of A-Grade office space spread over eight storeys, supported by new ground floor retailer and hospitality spaces. Designed by Lyons Architecture with current and future employment trends in mind, 12 Balmoral Walk will feature large campus-style floor plates complemented by an external terrace space with bay views, accommodating close to 1,400 full-time workers.

"With hotel-inspired design and amenities, combined with a modern, campus-style floor plate that encourages coworking, 12 Balmoral Walk will set a new benchmark for commercial office space in the south east while allowing office workers, retailers and consumers to realise the benefits of an integrated mixed-use development," said Ms Viney.

Frankston was nominated as a Metropolitan Activity Centre in the Victorian Government's Plan Melbourne 2017 to 2050, and Vicinity's investment in 12 Balmoral Walk represents the beginning of a pipeline of development investment at Bayside that will provide opportunities for a diverse range of jobs and activities in the region.

With planning approval already secured, construction of 12 Balmoral Walk will commence immediately on a suitable leasing pre-commitment being secured.

Key Facts - 12 BALMORAL WALK

• Eight storey A-Grade building offering end of trip facilities, two entrance lobbies, concierge and secure dual core lift access
• The new workspace offers Port Phillip Bay vistas and delivers excellent natural light amenity
• Approximately 14,000sqm office space supported by ground floor dining and retail spaces
• Targeting 5-Star Green Star and 5-Star NABERS Energy ratings
• Variety of large campus-style floor plates with flexible external terrace spaces and upper level smaller format floor plates
• Future tenants will have the ability to subdivide floor plates for multi-tenant floors, with options for external terraces (L1 to L6) and inter-tenancy stairs for vertical connection
• Onsite and off-site car parking
• Key transport hub - less than 200m to train station and bus stops
• Creation of a new public realm connection through Balmoral Walk and White Street Mall

Key Facts - BAYSIDE

• Bayside is a three-level Major Regional shopping centre located in the heart of Frankston
• Bayside is anchored by Myer, Kmart, Target, ALDI, Coles, Woolworths and HOYTS Cinemas and includes more than 160 specialty stores and a vibrant food and entertainment precinct
• Over 9 million people visit Bayside each year

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