Welcome to the new financial year! It’s going to be a big one. There’s been a lot of excitement this month with the Victorian Government’s announcement of the successful tender to build the Metro Melbourne Tunnel Project. The twin nine-kilometre tunnels and five underground stations will free up space in the city loop to run more trains more often across the city, provide new open spaces, and change the face of Melbourne. Macroplan played a role in the project, advising on retail opportunities to Capella Capital which is part of the winning Lend Lease consortium.
Our research was also highlighted when the Victorian treasurer, Tim Pallas, broke ground on the development site for Target’s new national headquarters at Williams Landing in Melbourne’s west a month ago. The $37 million project is in an area of significant growth. As the media release quotes, ‘According to economists Macroplan, around 400,000 people are expected to call the region home and employment growth is set to exceed 13,000 jobs by 2013.’
On a much bigger scale, the Committee for Melbourne has called for the development of an eastern seaboard mega-region. The Committee claims that both Melbourne and Sydney must put their rivalry aside and collaborate in commerce, tourism and transport to be competitive, particularly in a growing Asia.
The proposed mega-region between the two capital cities would take in Canberra, Albury and Shepparton. Interviewed by Channel 9 on the story, our Chairman Brian Haratsis said the Melbourne-Sydney partnership could begin by sharing major events and co-bidding for international business. ‘If we are going to be global, we need a united front,’ said Brian. Watch the item in full here https://twitter.com/9NewsMelb/status/876725335496183808
From megapolis to Autotropolis . . . Brian spoke at a Property Leaders event looking at the impact of autonomous vehicles which was held - appropriately enough - in Tesla’s Sydney showroom. His talk considered the implications for people, infrastructure and cities. These vehicles have the capability to turn cars into workplaces for commuters, free up people with mobility issues, and open up real estate in locations inadequately serviced by public transport.
You can catch Brian in real life at the ICTC Mainstreet conference at Crown Promenade Melbourne in late October. He’ll be speaking on the topic ‘Big Cities vs Regions - Is it the end for regional cities?’
One way we can measure how our cities and regions are faring is through census data which shows us where population growth is occurring. The census data can also be mined for information which is valuable to your business. If you’re interested in learning how to get the most out of this valuable resource, please contact Macroplan for a briefing. The first data release was only a month ago and the second release, providing figures on employment, qualifications and population mobility, is due out on October 17.
Just as populations move, so too is the Macroplan Sydney office. We’ll be leaping tall buildings in a single bound, and shifting a block down Martin Place to the MLC tower. You’ll find us on the lofty 52nd level. Yes, we are going up in the world.