242 Exhibition Street, Melbourne


242 Exhibition Street, Melbourne VIC

242 Exhibition Street is a 47 storey, A-Grade office tower located in the Melbourne CBD.

We welcome you to our asset on Wurundjeri and Bunurong land. This asset is a 47 storey, A-Grade office tower of 65,915 sqm incorporating 43 levels of office accommodation, 3 basement levels of car parking, theatrette and conference centres, and 2,543sqm of ground floor retail accommodation.

The retail accommodation incorporates six 2-3 storey heritage buildings with a tenancy mix including service-related tenancies and a food court.

The property forms an extensive “Paris End” Melbourne CBD land holding with 3 street frontages and excellent exposure to Exhibition, Lonsdale and Little Lonsdale Streets. It is located in the highly sought-after North Eastern precinct of Melbourne CBD, within close proximity to Parliament Station, Carlton Gardens as well as premium retail, dining, commercial and cultural offerings.

Designed by Perrot Lyon Matheison and purpose built for Telstra, 242 Exhibition Street was opened in 1992 and was fully refurbished in 2010. Recently, the building has undergone a refurbishment program including a full lift upgrade to all 26 lifts, tenancy refurbishments, upgrades to on floor amenities and new, state of the art end of trip facilities.

Note: Charter Hall pays our respects to the Traditional Owners of Country and note that reference to the traditional land is based on current Land Title knowledge which can be contested and reviewed at any time.

Lease Expiry




Key Tenants

Tenant NLA (SQM) Expiry date Income (%) Annual Review
Telstra 63,398 sqm  Oct-31 95.6% 3.50%


Building information

Fund Ownership 1.8% CH, 33.3% PSP, 15% CLW, 49.9% CPOF
Year Built 1992
Location Melbourne
Grade A
Occupancy 99.6%
Total NLA 65,915sqm
Typical Floor Plan sqm
Weighted Average Lease Expiry (WALE) 11.9
Car Spaces 346
Points of Interest
5 Star


NABERS Energy measures the efficiency of an office building and rates either the base building, tenancy or whole building. An energy ratings works by comparing the energy consumption of a building against a set of benchmarks that have been developed using actual data. A NABERS Energy rating can be done with or without GreenPower. Base building Energy rating: occurs when central services like heating and cooling systems, lifts and lobby lighting are rated. Tenancy Energy rating: when businesses choose to rate the space they occupy within a building. Whole building Energy rating: this rates the base building and tenant occupied space. This usually occurs when there is a single tenant occupying an entire building.
NABERS Water 6 Star
6 Star


A NABERS Water rating looks at the amount of water used and recycled within a building. Whole building Water rating: measures all of the water used in a building, including the base building and tenant occupied spaced.

Office As Built v3

Green Star assesses the sustainable design, construction and operation of buildings, fit outs and communities. Choosing Green Star can help you save money, create a healthy place for people, minimise your environmental footprint and build a better future for us all. Learn more about our approach to sustainable design

Contact Us

Contact Us

Kristina Holessis

Kristina Holessis

Property Manager