Knight Frank is ending the year with the exciting news that its Asset Management Services (AMS) team will manage Rialto, an unmissable commercial precinct in the Melbourne CBD.
Knight Frank managing director of AMS Lisa Atkins says the AMS team is approaching this appointment with enthusiasm and pride, with a vast interdisciplinary team ready to deliver innovative and people-centric solutions.
“We’ve assembled an A-team for Rialto,” Atkins says. “Knight Frank was selected to manage the complex due to our innovative solutions, our deep understanding of Rialto and its tenant community, and the quality of our people.”
The management team includes Penny Katsanis as general manager, Mitchell Romagnoli as senior engineering manager and Elaine Hong as commercial manager.
Notable tenants call Rialto home
Located in the heart of the CBD on Collins Street, Rialto consists of two towers, which serve up more than 90,000 square metres of office space and more than 2000 square metres of retail space. The North Tower reaches 37 levels and the South Tower is 55 levels.
White & Case, K&L Gates, Thomson Geer Lawyers, BlueRock and the Bank of Melbourne are all tenants in the building.
The precinct also has five levels of basement car parking containing more than 500 car parks, an onsite fitness facility, end-of-trip facilities and a concierge providing an array of services including dry cleaning, clothing alterations and professional car detailing.
Since opening in 1986, Rialto has cultivated a reputation as a beloved feature in the Melbourne skyline.
A second regeneration is imminent
Since opening in 1986, Rialto has cultivated a reputation as a beloved feature in the Melbourne skyline. Grollo Group and Dexus own the precinct and Grollo Group initially developed Rialto and spearheaded a significant regeneration in 2017. The co-owners are planning a second regeneration project that is scheduled to begin shortly.
Knight Frank’s head of AMS for Victoria Ben Veale says the team will collaborate closely with the owners to deliver the regeneration project.
“We will start with the construction of new state-of-the-art fitness and wellbeing facilities and refurbished end-of-trip facilities,” he says.
Veale says such opportunities to enrich bustling city areas are not lost on Knight Frank’s AMS team.
“We never take appointments like these for granted,” he says. “They create such great opportunities for our people to make a significant impact on Melbourne’s CBD.”
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