Charter Hall Group’s $750 million commercial building, 130 Lonsdale Street in Melbourne, has reached a significant milestone by officially ‘topping out’. It forms a part of the $1.2 billion Wesley Place precinct development.
Located on a 1.1-hectare CBD site, near the corner of Exhibition and Lonsdale Streets, the precinct combines three future-ready office buildings (130 Lonsdale, 140 Lonsdale and 150 Lonsdale) with the restoration of five significant heritage buildings, including the Wesley Church.
Upon completion, Wesley Place will offer new public spaces, world-class retail and food and beverage offerings.
Treasurer of Victoria, the Hon Tim Pallas MP, said the development is indicative of the solid demand for office space in Melbourne’s CBD – proving that Victoria continues to grow and attract significant investment, despite global economic headwinds.
“This precinct shows how new development can be carefully designed to accommodate new office space while working in with historic city surrounds,” he commented.
Charter Hall’s Managing Director and Group CEO, David Harrison, said as an integral part of the Wesley Place precinct, the topping out of 130 Lonsdale Street was an exciting milestone for the Wesley Place project.
“We are proud to see the transformative Wesley Place precinct taking shape within its prominent Lonsdale Street location,” he said.
Set to be completed mid-2020, the high-performance workplace at 130 Lonsdale will include 60,000 square metres of Premium Grade office space across 35 levels and four skyrise terraces – offering unparalleled amenity with direct access to Lonsdale Street.
The building will also house exclusive end-of-trip facilities and premium concierge services.
Charter Hall’s Regional Development Director, Simon Stockfeld, added: “The pouring of the last level of 130 Lonsdale St signifies the completion of the external structure and the commencement of the internal fit-out, specific to each of our tenants’ needs.”
“This is an exciting step in the construction delivery and paired with the strong leasing results, with 130 Lonsdale Street fully pre-committed, the project is on program to complete mid-next year and begin welcoming tenants to the Wesley Place precinct,” he stated.
Mr Stockfeld maintained that the group is also on track to achieve a 6-Star Green Star rating, a 5-Star NABERS rating and a Platinum WELL Certification at 130 Lonsdale.
“The technology-enabled building will provide a new standard of workplace for our innovative and industry-leading tenant customers,” he said.