Last December, supermarket giant Coles signed up to move its headquarters from the Melbourne suburb of Tooronga to the former Medibank building, adjoining Marvel Stadium, in the city’s Docklands.
The lease, for 20 years, is a huge move for Coles, a big win for the building owner, Cbus Property, and a plus for Docklands, which, with a 19.9 per cent vacancy at the start of January, is one of the nation’s office precincts hardest hit by the COVID-19 retreat.
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