According to Treasurer of Victoria, Tim Pallas, the 35-storey tower has attracted a number of key tenants with impressive Business Cards and reputations. This includes AustralianSuper, which is the largest of Australia’s super funds.
The list of tenants to move into the building, located at 130 Lonsdale Street, also includes the new Australian Financial Complaints Authority, Vanguard, the Uniting Church, Cbus and Telstra Super.
The landmark development, which will help address ongoing office space demand, is situated within one of the most sought-after commercial precincts in the city. The 2019 Office Market Report listed by the Property Council of Australia shows office vacancy in Melbourne CBD is 3.8%, which is the country’s tightest.
Together with the Wesley Church precinct which surrounds the new development, the site is Victorian Heritage Register-listed. Pallas described the project as an exceptional development and said it highlights the great demand being experienced for office space within the central business district of Melbourne, adding:
“This precinct shows how new development can be carefully designed to accommodate new office space while working in with historic city surrounds.”
The Treasurer said that both the government and Charter Hall had worked closely to balance the need for additional office space within Melbourne CBD with heritage preservation.Get a Free Quote for Business Cards