CHARTER Hall has reached a significant milestone by topping out at its $750 million commercial building, 130 Lonsdale St.
130 Lonsdale St is part of the $1.2 billion Wesley Place precinct development by Charter Hall. Located on a 1.1-hectare CBD site, the precinct combines three office buildings (130 Lonsdale, 140 Lonsdale and 150 Lonsdale) with the restoration of five significant heritage buildings, including the Wesley Church.
Victorian Treasurer Tim Pallas said the development is indicative of the solid demand for office space in Melbourne’s CBD despite global economic headwinds.
Charter Hall managing director David Harrison said 130 Lonsdale St is already fully leased and has attracted a high calibre range of pre-commitment tenants including Australian Super, Vanguard, Cbus Super, Telstra Super, AFCA and UCA.
Set to be completed mid-2020, 130 Lonsdale will include 60,000 sqm of Premium grade office space across 35 levels and four skyrise terraces.
Construction partner Lendlease general manager Victoria Bill Alexandrakis said Wesley Place will be a catalyst for the reinvigoration of this portion of Melbourne’s CBD.
“Wesley Place will bring new life to the existing historical buildings, the immediate urban realm and connecting city context. Lendlease is proud to deliver the next chapter of this exciting precinct for Charter Hall.” Alexandrakis said.