Charter Hall secures 10-year pre-commitment lease with Allianz at 555 Collins St, Melbourne

Charter Hall Group (Charter Hall or the Group) is pleased to announce Allianz Australia has pre-committed to relocate its Melbourne headquarters to 555 Collins Street – part of a new $1.5 billion, twin-tower, state-of-the-art office precinct in Melbourne’s CBD – from December 2023 on a 10-year lease.

555 Collins offers prominent street frontages on Collins and King Streets, as well as direct access to Flinders Lane with 84,000m² of premium grade office space and over 2,300m² of retail across both towers.

Allianz Australia  will occupy the ‘skyrise floors’ on levels 24 to 28 which offers approximately 6,500m² of world class office space with large 1,250 m²  floor plates, providing flexibility for Allianz to tailor the fitout to best suit their future workplace needs.

Charter Hall Office CEO, Carmel Hourigan, said, “It’s a pleasure to welcome Allianz Australia to join Amazon, Aware Super and Connective to 555 Collins Street – where performance, collaboration and well-being is the focus of this tech-enabled, pre-eminent workplace.”

Rising above Melbourne’s CBD, 555 Collins Street is ideally located in Melbourne’s burgeoning Midtown, strategically positioned on one of the city’s key intersections and surrounded by other premium grade office towers such as Rialto, 530 and 567 Collins Street.

“With the customer experience at its core, 555 Collins Street is designed to create a workplace experience like no other – all within one of the most sustainable office buildings Melbourne has to offer,” said Ms Hourigan.

555 Collins Street – co-owned by the Charter Hall Prime Office Fund (CPOF or the Fund) and Charter Hall’s long term partner, Singapore’s sovereign wealth fund, GIC – is targeting 6 Star Green Star, 5.5 Star NABERS Energy and Platinum WELL certifications. The development is being constructed under a carbon neutral framework and will be certified carbon neutral in operations.

”We’re excited to be moving into the skyrise floors of 555 Collins Street late this year,” said Richard Feledy, Managing Director, Allianz Australia.

“The strong sustainability credentials of the building, along with the focus on collaborative, tech-powered work spaces, align perfectly with Allianz’s values and preferred ways of working.”

Charter Hall Prime Office Fund Manager, Matthew Brown, said, “555 Collins Street reflects the value we place in Victoria, as a genuinely exciting place in which to invest, create jobs, strengthen the economy and connect with the local community."

“Being both the developer and owner allows us the unique opportunity to closely engage with our tenant customers on a regular basis to understand their evolving needs and expectations. It’s this distinct approach and value of partnerships, that builds mutual success that we, our tenant and investor customers, and our communities, enjoy.”

555 Collins Street is being delivered by our long-term construction partner, Lendlease. It achieved topping out in October last year and is due for completion in June 2023.