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Green light given to Charter Hall's new $200m Melbourne development

Projects

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Posted by Monica Gameng

The Victorian Government has given the green light to the development of Charter Hall’s new $200 million office tower in the Wesley Place precinct in Melbourne’s CBD.

The new tower is going to be built at 140 Lonsdale Street, north of the Charter Hall Office Trust (CHOT)-owned 150 Lonsdale Street building and will be adjoining the upcoming $600 million Wesley Place tower on 130 Lonsdale Street.

The A-grade office tower will have 16,500 square metres of office space spread across 22 storeys. The new tower will be retaining the existing above ground car park which provides up to 380 parking spaces.

This development will bring Charter Hall’s investment in the precinct to approximately $1 billion. Both 130 and 140 Lonsdale Street developments are expected to be completed by mid-2020.

“We are proud to collaborate with the Victorian Government and Melbourne City Council who share our vision in the redevelopment of this iconic site,” Charter Hall’s Office Chief Executive Adrian Taylor said.

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Source: The Urban Developer, Australian Financial Review

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.