242 Exhibition Street, Melbourneright-arrow
242 Exhibition Street, Melbourne VIC

About

242 Exhibition Street 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.

 

Lease Expiry

Exhibition

 

 

Key Tenants

TenantNLA (SQM)Expiry dateIncome (%)Annual Review
Telstra63,398 sqm Oct-3195.6%3.50%

 

Fund Ownership 1.8% CH, 33.3% PSP, 15% CLW, 49.9% CPOF
Location Melbourne
Grade A
Occupancy 99.6%
Total NLA 65,915sqm
Car Spaces 346
Year Built 1992
NABERS Energy 5 Star
Achieved
4.5 Star

NABERS Energy

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.
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NABERS Water 4.5 Star
Achieved
4.5 Star

NABERS Water

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.
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Location

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Points of Interest
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Disclaimer: All contents displayed within this map are for illustrative purposes and are subject to change without prior notice.

Contact

Adrian De Leiros
Senior Asset Manager
Charter Hall
Peter Nyers
Property Manager
Charter Hall