Time & Place Appoints Kapitol Group for Landmark Lindrum Redevelopment in Melbourne

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Diversified property developer Time & Place has appointed Kapitol Group as the construction partner for their landmark commercial strata project, the redevelopment of the former Hotel Lindrum.

The selection of Kapitol Group followed a rigorous six-month tender process, with their advanced use of 3D Building Information Modelling (BIM) and innovative construction methodologies being key factors in their appointment.

Time & Place’s commitment to digitisation in construction aligned well with Kapitol Group’s best practice processes, which include detailed digital modelling and real-time data collection and analysis. These methods promise a streamlined, accurate, and cost-effective project execution.

Kapitol Group will begin demolition on the site in the coming weeks, preserving the heritage façade of this Melbourne landmark. The main construction is slated to start in Q1 2025, with an expected completion timeline of 24 months.

The Lindrum redevelopment aims to elevate Melbourne’s strata office market. Once completed, the heritage-facade commercial asset will have an estimated end value exceeding $200 million.

Located at 26 Flinders Street in the heart of the Melbourne CBD, the project will feature 27 levels of premium-grade office space, with floor plates ranging from 300 to 600 sqm. The offices will offer uninterrupted views of the Botanical Gardens, South Melbourne, and the MCG and sporting precinct.

Renowned architecture firm fjc studio has designed the new development, celebrating the historic Griffiths Brothers Coffee Roasters façade while delivering a future-proofed building. The design respects the site’s historical significance while breathing new life into the storied building.

The Lindrum will offer world-class amenities, including club house-style facilities, a rear entry-point with direct access to Flinders Lane’s culinary and retail precinct, and a contemporary ground floor events space.

^The Lindrum Heritage Redevelopment will be delivered by Kapitol Group (Image: Time & Place)
^The Lindrum Heritage Redevelopment will be delivered by Kapitol Group (Image: Time & Place)

Tim Price, Founder and Director of Time & Place, expressed his enthusiasm about the redevelopment project and the partnership with Capitol Group.

“Time & Place identified a distinct need for premium strata office space in the ‘Paris-end’ of Melbourne’s CBD. In a market where sophisticated, A-grade office developments are largely owned by institutional landlords, the Lindrum redevelopment presents an unprecedented ownership opportunity for discerning family offices and smaller corporates.

“The project is in a premium location with unparalleled connectivity, encompassing architectural design excellence, sustainability, and superior amenities. The redevelopment will celebrate its coveted, front-row Flinders Street location, breathing new life into surrounding laneways and revitalising this corner of the city.

“We are steadfast in our belief in the enduring value of strata office for investors and occupiers and this confidence is underpinned by our speculative build of the project prior to launching sales.

Kapitol Group has been appointed for their high standards and thoughtful construction methodology, excellent craftmanship and proven ability to deliver incredibly high-calibre projects, particularly those with heritage restoration requirements.”

David Caputo, Co-Founder and Director of Kapitol Group shared his thoughts on the collaboration;

We are thrilled to be appointed construction partner for a project of this prominence, and with such cultural significance in Melbourne. It is an honour to contribute to a development that holds such importance for the community and the city’s heritage, and we are excited to bring our expertise to this meaningful endeavour.

The Lindrum redevelopment is set to launch to the market in quarter 4, 2025. Time & Place can confirm that they have already commenced accepting expressions of interest and have received responses from a diverse customer base.

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented. The Australian Development Review does not own the rights to the information included within this article, and furthermore, there is no infringement intended from the included text and images within.

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