Construction is underway on the $60 million upgrade and repositioning of 150 Lonsdale Street at Wesley Place in Melbourne, which is due for completion in late 2021. Furthermore, the $350 million 140 Lonsdale Street A-Grade office tower is also underway and will be the new home for the Australian Federal Police (AFP), due for completion in late 2022.
Both projects received fast-tracked Development Approval from the Victorian Government earlier in the year, as part of the Building Victoria’s Recovery Taskforce’s mandate to keep the state’s economy moving and to create jobs. Charter Hall has appointed Lendlease as the construction partner for both projects.
The entire $1.5 billion Wesley Place Precinct has created over 2,000 jobs to date and construction at 140 and 150 Lonsdale Street is forecast to generate employment for over 1,500 people.
Charter Hall’s Managing Director and Group CEO, David Harrison, said the Wesley Place precinct has achieved many milestones this year, with practical completion reached for the 60,000 square metre, $750 million commercial office building at 130 Lonsdale Street.
“We know how important job creation is for the Victorian economy and we ensured moving forward with works onsite at 140 and 150 Lonsdale Street was a priority after receiving fast-tracked Development Approvals from the State Government.”
150 Lonsdale Street’s repositioning will create a modern A-Grade $300 million, 30,000 square metre commercial office building. A six-level podium extension and premium ground floor lobby experience will be integrated with a new pedestrian thoroughfare from Lonsdale Street through to Little Lonsdale Street.
The major upgrade will also provide tenant customers with a range of flexible amenity and technology integrations aligned with the broader Wesley Place precinct.
These include a revitalised retail offering, a dedicated concierge, a wellness centre, hotel-style End of Trip facilities and a new Business Hub.
Once complete, 140 Lonsdale Street will be a purpose-built A-Grade office tower comprising of 22,760 square metres of commercial space across 20 levels.
To meet the evolving needs and challenges of Australian law enforcement, 140 Lonsdale Street has been fully customised to suit the requirements of the AFP and designed to allow flexibility, growth and transformation.