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That's Built · Building report

Electric House

14-40 Market Street, Melbourne VIC 3000
Generated 8 November 2026
Commercial · Office
46 mheight
10floors
1988completed
2businesses
23permits

Development milestones

Completed1988Electric House completed: 10 floors

Building team

Owner
Dexus Property Group
Owner
The Mariner Property Trust Number 1
Owner
MTAA Super

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DDO10, PO1
Scores
🚆 7 · ☕ 7 · 🌳 8 · ✨ 7

Timeline

20261 building permit and 1 certificate · about $25.0m of new works
Largest: Stage 1: Powercor - Internal alterations to level 2 excluding fire services & strip-out level 3
20231 certificate
Largest: Extension to handrail on top of existing balustrade.
20213 certificates · about $209k of new works
Largest: Construction of an alteration of a building - UPS infrastructure upgrade work
20201 building permit · about $8k of new works
Largest: Extension to handrail on top of existing balustrade.
20192 building permits and 3 certificates · about $501k of new works
Largest: Construction of an alteration of a building - UPS infrastructure upgrade work
20181 building permit · about $110k of new works
Largest: Alterations to existing carpark building- 40 Market street
20171 certificate · about $80k of new works
Largest: Ground Floor - Upgrade Works to existing end of trip
20162 building permits and 1 certificate · about $461k of new works
Largest: Installation of 2 New Generators to the Basement Car Park
20151 building permit and 2 certificates
Largest: SERVICE PENETRATION FIRE SEALING RECTIFICATION WORKS - CONDITIONAL
19 Sep 2014Dexus sells 40 Market Street to MTAA Super for $105 million
The Urban Developer reported that Dexus had sold its 40 Market Street property in Melbourne to MTAA Super for $105 million, more than double the price it paid less than two years earlier. The article said Dexus had secured Powercor Australia as a tenant on a 15-year lease over that period.
20142 building permits and 3 certificates · about $16.9m of new works
Largest: Alterations to Base Building Upgrade - 40 Market Street Melbourne
20131 building permit · about $2k of new works
Largest: Alterations to an existing building - Deletion of canvans fire hoses at fire hydrants
20113 building permits · about $48k of new works
Largest: Alterations to existing building Level 8
2010Council census records it as office, 10 floors
Name recorded: Electric House
20101 building permit and 1 certificate · about $80k of new works
Largest: ALTERATIONS TO EXISTING BUILDING GROUND FLOOR & LVL 1
22 Mar 2009Powercor building withdrawn from sale
The owner, The Mariner Property Trust Number 1, withdrew the building at 40 Market Street, also known as Electric House, from the market after it had sought a buyer for months at an expected price of around $45 million. The article said the building was then 11,659 square metres and fully leased to Powercor until 2018.
20092 certificates · about $281k of new works
Largest: Partition alterations Level 2
20081 building permit · about $65k of new works
Largest: Alterations to Offices Level 5
20071 building permit · about $115k of new works
Largest: Alterations to Offices Levels 3 and 5
20042 building permits · about $1.1m of new works
Largest: Stage 1: Office ground floor alterations. Power cor-citipower alterations, ground floor and level 8.
20021 building permit · about $28k of new works
Largest: Internal Basement Level - Proposed Telcommunications to to North-east corner of Upper basement area
2002First council census entry: office, 10 floors
19982 building permits · about $4.0m of new works
Largest: Stage 2 fitout only to Levels 5 to 9
19961 building permit · about $6k of new works
Largest: Tenancy fitout to level 2
1988Electric House completed: 10 floors
Derived from City of Melbourne building census (CLUE) 2024

Building permits and certificates (41)

Each cost is the estimate on that record. Stages of a project often repeat its full value, so these don't add up to what was spent.

12 Feb 2026Stage 1: Powercor - Internal alterations to level 2 excluding fire services & strip-out level 3$25.0m
30 Jan 2026Stage 2 - Powercor – Remainder of works to levels 2 & 3, and fit-out works to levels 1 & 4$25.0m
07 Sept 2023Extension to handrail on top of existing balustrade.$8k
21 Oct 2021No:1 - Shop fitout$200k
04 Aug 2021Construction of an alteration of a building - UPS infrastructure upgrade work$500k
20 July 2021Level 6 - Alterations to an existing building$9k
22 Oct 2020Extension to handrail on top of existing balustrade.$8k
09 Dec 2019OFFICE FITOUT$110k
31 July 2019Construction of an alteration of a building - UPS infrastructure upgrade work$500k
26 Apr 2019Ground Floor - Lobby Works$301
25 Mar 2019Tenancy 1 & 3 - Refurbishments and base building upgrade$556
27 Feb 2019Shop 1 - Sunny Boy Cafe - Internal Non Structural Alterations to Parts of the Existing Tenancy$9
29 May 2018Alterations to existing carpark building- 40 Market street$110k
27 Mar 2017Ground Floor - Upgrade Works to existing end of trip$80k
21 Sept 2016Level 8 - Internal alterations$7k
27 May 2016Installation of 2 New Generators to the Basement Car Park$450k
15 Mar 2016Alterations / Addition of a New Office Level 1, 40, Market Street, MELBOURNE$4k
07 May 2015Stage 3 - Office Fit-Out - Ground Level Fit-Out$0
17 Mar 2015Ground floor training room works - conditional$9.8m
17 Mar 2015SERVICE PENETRATION FIRE SEALING RECTIFICATION WORKS - CONDITIONAL$9.9m
19 Dec 2014Alterations to Base Building Upgrade - 40 Market Street Melbourne$9.8m
16 Dec 2014Alterations to Base Building Upgrade - 40 Market Street Melbourne$9.8m
20 Nov 2014Alterations to Base Building Upgrade - 40 Market Street Melbourne$9.8m
21 Oct 2014Stage 2 - Office Fit-Out - Remainder of Works$7.0m
25 Aug 2014Office Refurbishment$7.0m
08 Jan 2013Alterations to an existing building - Deletion of canvans fire hoses at fire hydrants$3k
21 June 2011Construction of shade sails$7k
04 May 2011Alterations to Existing Building levels 2 &4$18k
30 Mar 2011Alterations to existing building Level 8$23k
20 Dec 2010Alterations to Offices level 6, 40 Market Street$180
23 Nov 2010ALTERATIONS TO EXISTING BUILDING GROUND FLOOR & LVL 1$80k
27 Oct 2009Alterations to Offices Level 1$31k
29 Apr 2009Partition alterations Level 2$250k
24 Sept 2008Alterations to Offices Level 5$65k
13 Aug 2007Alterations to Offices Levels 3 and 5$115k
05 Nov 2004Stage 1: Office ground floor alterations. Power cor-citipower alterations, ground floor and level 8.$1.1m
24 May 2004Alterations to Upper Basement$20k
05 Apr 2002Internal Basement Level - Proposed Telcommunications to to North-east corner of Upper basement area$28k
14 Apr 1998Stage 2 fitout only to Levels 5 to 9$3.8m
17 Mar 1998Internal demolition of mid basement and levels 5 to 9 of existing office block - Stage 1 Demolition only$250k
25 Oct 1996Tenancy fitout to level 2$6k

Questions and answers

Is Electric House residential or commercial?
Electric House is a commercial building. The City of Melbourne lists its main use as office.

When was Electric House built?
Electric House was completed in 1988.

How many floors does Electric House have?
Electric House has 10 floors above ground.

What businesses are in Electric House?
The latest council census counted 2 businesses in Electric House, including CitiPower Pty Ltd / Powercor Australia Ltd and Simpsons Burgers.

Is there office or retail space for lease in Electric House?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who built Electric House?
The building team section lists who's known so far. Builders, architects and developers can claim their role on this page.

How tall is Electric House?
About 46 metres, measured from the City of Melbourne's 3D building model. It's number 346 of 1596 buildings in Melbourne by height.

What public transport is near Electric House?
Flinders Street Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is Market St/Flinders St #3, about 1 minute's walk.

What is the planning zone for Electric House?
The site is in the Capital City Zone - Schedule 1 (CCZ1).

Was the building ever withdrawn from sale?
In March 2009 the building was withdrawn from sale.

Has any work been done on Electric House recently?
The City of Melbourne has issued 23 building permits for Electric House since 1996. The most recent was in January 2026.

Sources: City of Melbourne building permits (CC BY 4.0); CLUE building information (CC BY 4.0); CLUE business establishments (CC BY 4.0); Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). General information from public records, not legal, financial or building advice.

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