555 Collins Street Office Building, Charter Hall Group Melbourne Development, Australian Architecture Images
555 Collins Street Office Building
Commercial Tower Building in Melbourne, VIC, Australia design by Gensler Architects
1 May 2019
555 Collins Street, Melbourne
Location: Melbourne, Victoria
Charter Hall Group (Charter Hall or the Group) announced its $5.4 billion wholesale Prime Office Fund (CPOF) has lodged a development application with the Victorian Department of Planning (DELWP) for a proposed new office tower at 555 Collins Street.
Purchased in October 2018, the pivotal site on the corner of Collins and King Street is centrally located in mid-town within the heart of Melbourne’s financial district, with almost 50 metres of northern frontage to Collins Street and 100 metres of frontage to King Street including the adjoining CPOF owned 55 King Street. The combined 4,620 sqm site provides a unique opportunity for CPOF to stage a redevelopment across the two sites, subject to development approvals and tenant pre-commitments.
Charter Hall is working in partnership with one of Australia’s largest multi-disciplinary firms, Cox Architecture, and global design and architecture firm, Gensler. The collaboration brings together the partners’ innate local knowledge with a unique global viewpoint of leading workspace design trends.
Simon Stockfeld, Charter Hall’s Regional Development Director said: “Our approach to workplace design is entrenched in extensive research into what tenants truly want and need, now and in the future. Through this people-centric approach, we are committed to creating workplace experiences which are designed to foster community, an instinctive way of working and ultimately result in a better workday for our tenant customers.
“The vision for the site is to create a workplace experience like no other, where people will feel connected, inspired and engaged with their working day, and we are excited by this innovative methodology and how this development will shape the future of workplace.” Mr Stockfeld added.
The new commercial tower and future precinct represents a rare opportunity to create a lasting legacy of premium grade office buildings in a pivotal location. The first phase of the proposed $1.5 billion redevelopment will deliver 35 levels of Premium Grade, technology enabled office space across approximately 45,000 square metres.
The proposed design includes an activated ground plane with connections between Collins Street, King street and Flinders Lane, a premium retail hub with food and beverage outlets and a landmark health and wellbeing offering. The building will be one of the city’s most sustainable office buildings, targeting 6 Star Green Star, 5 Star NABERS Energy and Platinum WELL certification.
Designed by Cox Architecture and Gensler, the vision for the precinct responds to a simple question what makes a great building? Taking a people-first approach, the development at 555 Collins Street will become a statement of values and beliefs, designed to unlock the full potential of its tenants.
Lukasz Platkowski, Design Director at Gensler in London comments: “We are proud to be partnering with Charter Hall as they work to create a next generation workplace experience, in the heart of Melbourne. With the workplace evolving at a much greater pace than ever before, our extensive experience designing office buildings and innovative workplace environments for a variety of clients around the world has given us a unique insight into what people – and especially the younger tech savvy generations – truly want and need from their workplace and the companies that employ them.
“We look forward to continue our collaboration with Cox Architecture and to bringing that global office building design expertise on this transformative project for the City of Melbourne that will, no doubt, become a landmark on the main-street and a destination for employees and the local community alike.”
“We look forward to working with the State Government and City of Melbourne to deliver a truly unique design for Melbourne’s CBD and this historic site,” added Mr Stockfeld.
CPOF Fund Manager, Matthew Brown said: “CPOF is actively growing its existing $5.4 billion portfolio of high quality assets. A redeveloped 555 Collins will further enhance CPOF’s portfolio quality and total return metrics and deliver our Fund investors a coveted new Premium Grade office building in the tightly held western core of Melbourne’s CBD, a location favoured by major corporate, legal and government occupiers.”
Charter Hall has appointed JLL and Colliers as conjunctional leasing agents for the project.
Completion is targeted for mid-2022.
555 Collins Street Office Building in Melbourne images / information received 010519
Location: 555 Collins Street, Melbourne, Victoria, Australia
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