🏒 CommercialOfficeCompleted 1992πŸ› Heritage overlay

Telstra Centre

242-284 Exhibition Street, Melbourne VIC 3000

  • 193 m tall Β· #52 in Melbourne
  • 47 floors
  • 12 businesses
  • 341 car spaces

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34 years standing

  1. 1992Completed
  2. 2010Refurbished
  3. TodayStill standing

119 building permits Β· 3 news storiesFull timeline ↓

About Telstra Centre

Telstra Centre is a 47-floor office tower on Exhibition Street in Melbourne, rising 218 metres to its top. Architect Perrott Lyon Mathieson designed it, and it was completed in 1992. In July 2019, Charter Hall and PSP Investments bought the tower for A$830 million.

At a glance

Key facts

Building type
🏒 Commercial
Completed
1992
Height
218 m to the top
193 m Unconfirmed We don't have data to 100% confirm this data point as yet. to the roof
#52 of 1596 in Melbourne
Floors
47
Footprint
β€” mΒ²
Architect
Perrott Lyon Mathieson
Businesses
12
Car spaces
341
Strata plan
TP117051 Β· 1 lots
Planning zone
CCZ1
Permits on record
119

Score cards

πŸš† Transport8/10

Parliament Station 4 min walk Β· 11 tram stops within 400 m

β˜• Everyday amenities7/10

93 cafΓ©s, 2 grocers, 5 medical within 250 m

🌳 Greenery8/10

86 street trees within 150 m Β· park 191 m away

✨ Activity8/10

5,835 people pass daily nearby Β· 45 licensed venues within 200 m

Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.

The building team

The people and companies behind the design, construction and management of Telstra Centre.

πŸ“ArchitectPerrott Lyon MathiesonverifiedDesigned the buildingSource: Wikipedia β†—
🏦OwnerTelstra1992–2006verified1992-2006 Β· Built for owner occupation as Telstra's corporate headquartersSource: Wikipedia β†—
🏦Co-owner or investorInvesta Commercial Property Fund2006–2019reportedRefurbishment Β· 2006-2019 Β· Co-owned 50% of the asset before the 2019 saleSource: The Urban Developer β†—
🏦Co-owner or investorOxford Properties2018–2019verifiedRefurbishment Β· 2018-2019 Β· Co-owned 50% of the asset before the 2019 saleSource: The Urban Developer β†—
🏦OwnerCharter Hall Prime Office Fund2019–reportedCurrent Β· 2019- Β· Owns the building through a wholesale partnership with PSP InvestmentsSource: IPE Real Assets β†—
🏦Co-owner or investorPublic Sector Pension Investment Board (PSP Investments)2019–reportedCurrent Β· 2019- Β· Co-owns the building with Charter Hall Prime Office Fund through a wholesale partnershipSource: Cushman & Wakefield β†—
🏦Co-owner or investorCharter Hall2019–reportedCurrent Β· 2019- Β· Charter Hall led the 2019 acquisition, described as a consortium led by Charter HallSource: realcommercial.com.au β†—
🏷Sales agentCushman & Wakefield2019reportedCurrent Β· 2019 Β· Brokered the 2019 sale of the building to Charter Hall and PSP InvestmentsSource: Cushman & Wakefield β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Parliament Station
Train station
4 min Β· 307 m
πŸš†Parliament Railway Station
Train station
4 min Β· 349 m
πŸš‹Victoria St/La Trobe St #9
Tram stop
2 min Β· 197 m
πŸš‹La Trobe St/Victoria St #9
Tram stop
3 min Β· 218 m
πŸš‹Exhibition St/La Trobe St #8
Tram stop
3 min Β· 233 m

Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.

Within a 3-minute walk

93β˜• CafΓ©s & eateries
2πŸ›’ Grocers
1πŸ‹οΈ Gyms
5🩺 Medical
2πŸ’Š Pharmacies
0🧸 Childcare
14🍷 Pubs & bars

Who lives in Melbourne (CBD)

Residents37,341
Median age26
Households renting70%
Households without a car75%
Walk to work40%
Public transport to work43%

ABS Census 2016 via City of Melbourne (CC BY).

Being built nearby

No major projects in the pipeline within 600 m.

Businesses in Telstra Centre

12 businesses recorded in the City of Melbourne's latest business census.

242 Coffee Hub

Takeaway Food Services

Barista Cafe

Cafes and Restaurants

Bros Sushi

Takeaway Food Services

Burgerwich

Takeaway Food Services

Coopers Inn

Pubs, Taverns and Bars

Exhibition Pharmacy

Pharmaceutical, Cosmetic and Toiletry Goods Retailing

Flight Centre

Travel Agency and Tour Arrangement Services

Kwik Kopy Printing

Printing

Melbourne City Medical Centre

General Practice Medical Services

Looking for space in Telstra Centre?

We'll try to put you in touch with an agent, though we can't promise a reply.
Source: City of Melbourne Census of Land Use and Employment, CC BY 4.0.

Timeline

Everything that has happened at Telstra Centre: listings, news, works, planning and history.

2026πŸ› 
Works
3 building permits and 2 certificates Β· about $2.4m of new works
Largest: Internal Alterations to Offices - Levels 18, 19 & 22
2025πŸ› 
Works
7 building permits and 5 certificates Β· about $6.8m of new works
Largest: Ground Floor Uplift - Stage two - Completion of internal works, excluding glazed balustrade
2024πŸ› 
Works
4 building permits and 4 certificates Β· about $4.9m of new works
Largest: Levels 18-19 - Internal Office Fitout for The Victorian Building Authority
2022πŸ› 
Works
1 certificate Β· about $2k of new works
Largest: ASE replacement
2021πŸ› 
Works
2 building permits Β· about $495k of new works
Largest: Levels 24 and 27 - Refurbishment works. Internal demolition works to levels 12, 20 and 24, internal refurbishment to level 27 and 32.
2020πŸ› 
Works
3 building permits and 2 certificates Β· about $1.5m of new works
Largest: Stage 2 - Internal demolition Works only to the level 1 theatre.
12 Jul 2019πŸ“°
News
Charter Hall and PSP Investments buy Telstra tower for A$830 million
Charter Hall confirmed the purchase of the 47-storey Telstra tower at 242 Exhibition Street for A$830 million, through a wholesale partnership with PSP Investments and the Charter Hall Prime Office Fund. The sellers were Oxford Properties and Investa's unlisted fund, with Cushman & Wakefield brokering the sale. Telstra remained the 100 per cent tenant.
Covered by 5 outlets
28 May 2019πŸ“°
News
Investa weighs sale of stake in Telstra tower
Realcommercial reported that Investa was weighing up the sale of a stake in the $800 million Telstra tower at 242 Exhibition Street, with Charter Hall looking at buying into the building.
2019πŸ› 
Works
3 building permits and 3 certificates Β· about $2.3m of new works
Largest: Stage 1 - Internal demolition Works only to the level 1 theatre.
2018πŸ› 
Works
4 building permits and 4 certificates Β· about $1.7m of new works
Largest: Stage 5 - Construction of the end of trip facility to basement level 1 only
2017πŸ› 
Works
8 building permits and 2 certificates Β· about $61.6m of new works
Largest: Stage 5 - Construction of the end of trip facility to basement level 1 only
25 Jul 2016πŸ“°
News
Telstra extends lease at 242 Exhibition Street to 2031
Telstra agreed an extension of about 11 years and five months on its Melbourne headquarters at 242 Exhibition Street, starting when its current agreement ends, so that it stays until at least 2031. The article names the building's owners at the time as Investa Commercial Property Fund and Investa Office Fund.
2016πŸ› 
Works
4 building permits and 4 certificates Β· about $6.1m of new works
Largest: Stage 5 - Fitout of Groud Floor shop 5
2015πŸ› 
Works
5 building permits Β· about $809k of new works
Largest: Stage 2: Level 2 Fit Out
2014πŸ› 
Works
7 building permits and 1 certificate Β· about $6.1m of new works
Largest: Level 2 - Fit Out
2013πŸ› 
Works
4 building permits and 1 certificate Β· about $536k of new works
Largest: Chiller Works Level 1
2012πŸ› 
Works
1 building permit Β· about $400k of new works
Largest: Ground Floor - Employee Lounge Refurbishment
2011πŸ”„
Use change
Council census records it as office, 47 floors
Name recorded: Telstra Centre
2011πŸ› 
Works
1 building permit and 1 certificate Β· about $8.5m of new works
Largest: Stage 3: - Office fitout - Level 1 - conference centre. All works excluding relocation of fire hydrant and fire hose reel
2010πŸ› 
Works
5 building permits and 1 certificate Β· about $67.1m of new works
Largest: Stage 7: Internal stairs -
2009πŸ› 
Works
5 building permits and 1 certificate Β· about $1.4m of new works
Largest: Replacement of Security & Access Control
2008πŸ”„
Use change
Council census records it as office, 47 floors
Name recorded: TELSTRA CENTRE
2008πŸ› 
Works
4 building permits Β· about $171k of new works
Largest: Installation of power plant display
2007πŸ› 
Works
6 building permits and 1 certificate Β· about $2.4m of new works
Largest: Food court refurbishment works and amenities upgrade, Ground Floor (part). Stage 1: To completion of internal works.
2006πŸ› 
Works
2 building permits and 1 certificate Β· about $15k of new works
Largest: Alterations to a building, office fitout partition and workstation layout alterations level 29 & 34.
2005πŸ› 
Works
2 building permits Β· about $82k of new works
Largest: internal alterations to existing builing, level 13 office only
2004πŸ› 
Works
5 building permits and 1 certificate Β· about $692k of new works
Largest: Alterations Level 2 North
2003πŸ› 
Works
1 building permit and 1 certificate Β· about $250k of new works
Largest: Mechanical Services to All of Building
2002πŸ› 
Works
4 building permits and 1 certificate Β· about $453k of new works
Largest: Internal Office Fitout - Level 1, 4, 10, 11, 15, 23, 25, 29, 36 & 39
2002πŸ“‹
First census
First council census entry: office, 47 floors
2001πŸ› 
Works
1 building permit and 1 certificate Β· about $2k of new works
Largest: Internal alterations to a building.
2000πŸ› 
Works
4 building permits Β· about $1.2m of new works
Largest: alts to existing offices
1999πŸ› 
Works
2 building permits and 1 certificate Β· about $446k of new works
Largest: LEVEL 1, 2, 4, 6, 12, 13, 15, 19-26, 30, 37 proposed alterations to office
1998πŸ› 
Works
3 building permits and 2 certificates Β· about $447k of new works
Largest: Chiller plant room extension
1997πŸ› 
Works
3 building permits Β· about $437k of new works
Largest: office fitout works to levels 1, south 2,4,5,7,8,11,15,18,23,26,27,28,34,35,39
1996πŸ› 
Works
4 building permits and 2 certificates Β· about $288k of new works
Largest: Fitout to Levels 1, 3, 4, 5, 6, 8, 29, 31, 35, 37 & 38
1995πŸ› 
Works
1 building permit and 1 certificate Β· about $174k of new works
Largest: Alterations to Level 1 (south) Level 2 (south) Level 5 (east west south) Level 32 (south west east) -of existing building
1994πŸ› 
Works
2 building permits Β· about $57k of new works
Largest: Fitout to Shop 12 in the Food Court
1992πŸŽ‰
Milestone Β· Completed
Telstra Centre completed: 47 floors
Derived from Wikipedia

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 1 (CCZ1)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
HO633Heritage Overlay: a permit is needed to demolish or change the outside of heritage places
PO1Parking Overlay: controls on how much car parking new development can provide

Vicmap Planning, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.

Subdivision & permits

Plan of subdivision
TP117051
Lots on the plan
1
Owners corporation
Not recorded
Building permits on record
119
Estimated cost of works
About $179.7m
1994New works by year (estimated)2026

Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.

History of the site

How it's been recorded over time

2002Office Β· 47 floors Β· "TELECOM BUILDING"
2008Office Β· 47 floors Β· "TELSTRA CENTRE"
2011Office Β· 47 floors Β· "Telstra Centre"

City of Melbourne Census of Land Use and Employment, since 2002.

Community

What people say about Telstra Centre in public forums and groups, and reviews left here.

Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.

Tenant reviews

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Frequently asked questions

Is Telstra Centre residential or commercial?

Telstra Centre is a commercial building. The City of Melbourne lists its main use as office.

When was Telstra Centre built?

Telstra Centre was completed in 1992.

How many floors does Telstra Centre have?

Telstra Centre has 47 floors above ground.

What businesses are in Telstra Centre?

The latest council census counted 12 businesses in Telstra Centre, including 242 Coffee Hub, Barista Cafe and Bros Sushi.

Is there office or retail space for lease in Telstra Centre?

See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Telstra Centre?

Perrott Lyon Mathieson designed Telstra Centre. The building team section has the sources.

How tall is Telstra Centre?

About 193 metres, measured from the City of Melbourne's 3D building model. It's number 52 of 1596 buildings in Melbourne by height.

What public transport is near Telstra Centre?

Parliament Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Victoria St/La Trobe St #9, about 2 minutes' walk.

What is the planning zone for Telstra Centre?

The site is in the Capital City Zone - Schedule 1 (CCZ1). It's also under a Heritage Overlay (HO633).

Does Telstra Centre have an owners corporation?

Plan of subdivision TP117051 has 1 lot.

Has Telstra extended its lease at the building?

In July 2016, Telstra extended its lease at 242 Exhibition Street to 2031.

Has any work been done on Telstra Centre recently?

The City of Melbourne has issued 119 building permits for Telstra Centre since 1994. The most recent was in April 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Telstra CentreCommercialβ€”471992
The Urban WorkshopCommercial71 m342006
Melbourne Marriott HotelHotel88 m171982
Regency Towers ApartmentsMixed use100 m341997
Exhibition ApartmentsMixed use102 m121970
Sapphire by the GardensResidential132 m51β€”

That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. 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)). Street View and business details Β© Google Maps.

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