🏒 CommercialOfficeCompleted 2020

The Olderfleet Building

471-485 Collins Street, Melbourne VIC 3000

  • 168 m tall Β· #39 in Melbourne
  • 40 floors
  • 20 businesses
  • 420 car spaces

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6 years standing

Built in 4 yrs

  1. 2014Planning application
  2. Sep 2016Construction started
  3. By Sep 2020Completed
  4. TodayStill standing

91 building permits Β· 5 news storiesFull timeline ↓

About The Olderfleet Building

The Olderfleet Building is a 40-floor office tower on Collins Street, Melbourne, rising 168 m to its top. Developed by Mirvac and designed by Grimshaw, it also lists William Pitt and Denton Corker Marshall as architects, the latter for a refurbishment. Construction started in 2017 and the building was completed in 2020.

At a glance

Key facts

Building type
🏒 Commercial
Completed
2020
Construction started
2017 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
168 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#39 of 1596 in Melbourne
Floors
40
Footprint
3,861 mΒ²
Architect
William Pitt
Businesses
20
Car spaces
420
Strata plan
TP820886 Β· 1 lots
Planning zone
CCZ1
Permits on record
91

Score cards

πŸš† Transport7/10

Southern Cross Railway Station 6 min walk Β· 11 tram stops within 400 m

β˜• Everyday amenities9/10

97 cafΓ©s, 1 grocers, 5 medical within 250 m

🌳 Greenery8/10

87 street trees within 150 m Β· park 137 m away

✨ Activity8/10

4,887 people pass daily nearby Β· 36 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 The Olderfleet Building.

πŸ—DeveloperMirvac2017–2020verified2017-2020 Β· Developer of the 2017-2020 Olderfleet tower behind the heritage facadesSource: Grimshaw β†—
πŸ“ArchitectGrimshaw2017–2020verified2017-2020 Β· Designed the 40-storey tower behind the 1880s heritage facadesSource: Grimshaw β†—
πŸ›‹Interior designerCarr Design GroupreportedInteriors of the 2017-2020 towerSource: Mirvac β†—
πŸ›Heritage consultantLovell ChenreportedHeritage restoration consultants for the heritage buildingsSource: Mirvac β†—
πŸ“ArchitectWilliam Pitt1889–1890verified1889-1890 Β· Designed the 1889-90 Olderfleet building on Collins StreetSource: Architecture & Design β†—
πŸ“ArchitectDenton Corker Marshall1980sreportedRefurbishment Β· 1980s Β· Architects for the mid-1980s extensive development of the heritage buildingsSource: Mirvac β†—
🏦Co-owner or investorMirvac2017–presentverifiedCurrent Β· 2017-present Β· 50% co-owner of Olderfleet, 477 Collins StreetSource: Mirvac β†—
🏦Co-owner or investorSuntec Real Estate Investment Trust2017–presentreportedCurrent Β· 2017-present Β· 50% co-owner of Olderfleet, 477 Collins Street, acquired through Suntec REIT 477 TrustSource: Mirvac β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Southern Cross Railway Station
Train station
6 min Β· 509 m
πŸš†Southern Cross Station
Train station
7 min Β· 560 m
πŸš‹William St/Collins St #3
Tram stop
2 min Β· 120 m
πŸš‹Collins St/William St #4
Tram stop
2 min Β· 133 m
πŸš‹Melbourne Aquarium/Flinders St #2
Tram stop
2 min Β· 189 m

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

Within a 3-minute walk

97β˜• CafΓ©s & eateries
1πŸ›’ Grocers
5πŸ‹οΈ Gyms
5🩺 Medical
2πŸ’Š Pharmacies
2🧸 Childcare
12🍷 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).

Businesses in The Olderfleet Building

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

Ashley Faithfull Training Studios Pty Ltd

Health and Fitness Centres and Gymnasia Operation

Blackrock Investment Management (Aust) Limited

Financial Asset Broking Services

COPENHAGEN INFRASTRUCTURE PARTNERS

Financial Asset Investing

Deloitte (Australia) Pty Limited

Management Advice and Other Consulting Services

FB RICE

Management Advice and Other Consulting Services

Greta

Cafes and Restaurants

HUDSON GLOBAL PTY LTD

Employment Placement and Recruitment Services

Kids Club Collins Street Early Learning Centre

Child Care Services

Lander & Rogers Lawyers

Legal Services

Looking for space in The Olderfleet Building?

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 The Olderfleet Building: listings, news, works, planning and history.

2026πŸ› 
Works
1 building permit Β· about $1.8m of new works
Largest: Stage 2 - Completion of Works
2025πŸ› 
Works
2 building permits Β· about $554k of new works
Largest: Fitout Works to Office Tenancy Shell to Completion to Occupancy Permit (Work Club)
2024πŸ› 
Works
2 building permits and 1 certificate Β· about $370k of new works
Largest: Internal Office Alterations
2023πŸ› 
Works
2 building permits and 2 certificates Β· about $1.4m of new works
Largest: Internal Cova Office Fitout - Partial Level 7 Only
2022πŸ› 
Works
3 building permits and 3 certificates Β· about $2.0m of new works
Largest: Proposed alterations to exisiting retail tenancy.
2021πŸ”„
Use change
Council census records it as office, 40 floors
Name recorded: The Olderfleet Building
2021πŸ› 
Works
1 building permit and 1 certificate Β· about $281k of new works
Largest: Internal Office Fitout for CIP
Dec 2020πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
3 Sep 2020πŸ“°
News
Mirvac announces completion of Olderfleet at 477 Collins Street
Mirvac and Suntec REIT announced completion of the Olderfleet office building, with anchor tenant Deloitte taking 28,000 square metres. Norton Rose Fulbright, Lander & Rogers and Urbis were also named as tenants.
Covered by 2 outlets
By Sep 2020πŸŽ‰
Milestone Β· Completed
The Olderfleet Building completed: 40 floors
Derived from Grimshaw
2020πŸ› 
Works
13 building permits and 18 certificates Β· about $59.3m of new works
Largest: Stage 40 - Civil works to Collins Street and Flinders Lane, Shopfront to Flinders Lane
31 Jul 2019πŸ“°
News
Olderfleet tops out on schedule
Mirvac and co-owner Suntec REIT announced the topping out and completion of the main structural works at the 38-level Olderfleet tower. The tower was reported as 94 per cent leased, with practical completion expected in mid-2020.
Covered by 2 outlets
2019πŸ”„
Use change
Council census records it as unoccupied - under construction, 23 floors
Name recorded: The Olderfleet Building
2019πŸ› 
Works
12 building permits Β· about $67.2m of new works
Largest: STAGE 38 - ARCHITECTURE AND SERVICES TO HERITAGE BUILDING
2018πŸ› 
Works
15 building permits
Largest: STAGE 27 – BASE BUILDING ARCHITECTURAL WORKS LEVELS 16-38 - CONDITIONAL
31 Jul 2017πŸ“°
News
Suntec REIT agrees to buy 50 per cent of Olderfleet from Mirvac
Singapore-listed Suntec REIT agreed to buy a 50 per cent stake in the under-construction Olderfleet project at 477 Collins Street from Mirvac, which keeps the other half. Mingtiandi reported the deal at A$417 million.
16 May 2017πŸ“°
News
Construction starts on Mirvac's Olderfleet tower
Mirvac celebrated the start of construction on the 40-storey, Grimshaw-designed office tower rising behind the 1880s heritage facades at 477 Collins Street. Demolition and concrete piling were already well under way.
Covered by 2 outlets
2017πŸ”„
Use change
Council census records it as unoccupied - under demolition/condemned, 4 floors
Name recorded: The Olderfleet Building
2017πŸ› 
Works
6 building permits
Largest: Stage 12 - PT Slabs Levels P2 to P9, core walls levels P2-P9 - conditional
By 2016βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Sep 2016πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2016πŸ› 
Works
6 building permits Β· about $300.0m of new works
Largest: Stage 6 - Partial demolition of office tower excluding eastern portion - Conditional
2014πŸ“
Milestone Β· Planning application
Planning application TPM-2014-29 lodged
Derived from City of Melbourne Development Activity Monitor
2013πŸ› 
Works
1 building permit and 1 certificate Β· about $310k of new works
Largest: PROPOSED ALTERATIONS TO EXISTING RESTAURANT
22 Feb 2012πŸ“°
News
Historic Olderfleet building sold for about $67 million
The historic Olderfleet building on Collins Street was reported sold for about A$67 million by an Australian Unity-managed office trust to Aviva Investors Asia Pacific Property Fund, below a price expectation of A$72 million. The article described the sale as above book value.
2012πŸ› 
Works
1 building permit Β· about $200k of new works
Largest: Architectural demolition works excluding services alterations Ground Floor
2011πŸ› 
Works
2 building permits Β· about $123k of new works
Largest: Stage 2: Non-structural fitout works. Fitout to tenancy 'Lbrary Women Melbourne Pty Ltd'
2010πŸ”„
Use change
Council census records it as parking - commercial covered, 9 floors
Name recorded: The Olderfleet Building
2010πŸ› 
Works
1 building permit and 1 certificate Β· about $159k of new works
Largest: Stage 2: Remainder of works - office fitout alterations, Accenture Melbourne
2009πŸ› 
Works
1 building permit and 2 certificates Β· about $620k of new works
Largest: Proposed internal office fitout for Melbourne Conference & Training Centre
2008πŸ› 
Works
1 building permit and 1 certificate Β· about $422k of new works
Largest: Proposed external suncorp sky-signs and free standing Id-sign to existing facade/Ground.
2007πŸ› 
Works
1 certificate Β· about $10k of new works
Largest: CAP Gemini. Office fitout alterations to an existing building, Level 2 (part).
2006πŸ› 
Works
1 certificate Β· about $180k of new works
Largest: Alterations- Tenancy Ground Floor
2005πŸ› 
Works
1 building permit Β· about $28k of new works
Largest: Office partition alterations to existing tenancy on level 5, no 477
2004πŸ› 
Works
1 building permit and 1 certificate Β· about $55k of new works
Largest: Office partition alterations Level 2
2003πŸ› 
Works
1 building permit and 1 certificate Β· about $50k of new works
Largest: Level 2 - Stage 2 - Works in Hertiage part of building
2002πŸ› 
Works
5 building permits and 1 certificate Β· about $513k of new works
Largest: Level 1 - Stage 1 - Office Alterations Excludes works in heritage part of building
2002πŸ“‹
First census
First council census entry: parking - commercial covered, 8 floors
2001πŸ› 
Works
4 building permits and 2 certificates Β· about $7.4m of new works
Largest: Stage 2 final alterations for reinstatement & upgrade of olderfleet heritage bldg
2000πŸ› 
Works
1 building permit Β· about $190 of new works
Largest: Installation of alarm signalling equipment
1999πŸ› 
Works
1 building permit Β· about $93k of new works
Largest: Alterations to Caffee Masters Ground Level
1998πŸ› 
Works
5 building permits Β· about $130k of new works
Largest: Refurbishment and fitout an office on level 7
1997πŸ› 
Works
1 building permit Β· about $315k of new works
Largest: Office fitout on the ground, 3 & 4 floors

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
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
TP820886
Lots on the plan
1
Owners corporation
Not recorded
Building permits on record
91
Estimated cost of works
About $443.5m
1997New 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

2002Parking - Commercial Covered Β· 8 floors Β· "OLDERFLEET BUILDING"
2010Parking - Commercial Covered Β· 9 floors Β· "The Olderfleet Building"
2017Unoccupied - Under Demolition/Condemned Β· 4 floors Β· "The Olderfleet Building"
2019Unoccupied - Under Construction Β· 23 floors Β· "The Olderfleet Building"
2021Office Β· 40 floors Β· "The Olderfleet Building"

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

Community

What people say about The Olderfleet Building 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 The Olderfleet Building residential or commercial?

The Olderfleet Building is a commercial building. The City of Melbourne lists its main use as office.

When was The Olderfleet Building built?

The Olderfleet Building was completed in 2020.

How many floors does The Olderfleet Building have?

The Olderfleet Building has 40 floors above ground.

What businesses are in The Olderfleet Building?

The latest council census counted 20 businesses in The Olderfleet Building, including Ashley Faithfull Training Studios Pty Ltd, Blackrock Investment Management (Aust) Limited and COPENHAGEN INFRASTRUCTURE PARTNERS.

Is there office or retail space for lease in The Olderfleet Building?

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

Who designed and built The Olderfleet Building?

Mirvac developed The Olderfleet Building and William Pitt designed it. The building team section has the sources.

How tall is The Olderfleet Building?

About 168 metres, measured from the City of Melbourne's 3D building model. It's number 39 of 1596 buildings in Melbourne by height.

What public transport is near The Olderfleet Building?

Southern Cross Railway Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is William St/Collins St #3, about 2 minutes' walk.

What is the planning zone for The Olderfleet Building?

The site is in the Capital City Zone - Schedule 1 (CCZ1).

Does The Olderfleet Building have an owners corporation?

Plan of subdivision TP820886 has 1 lot.

Has any work been done on The Olderfleet Building recently?

The City of Melbourne has issued 91 building permits for The Olderfleet Building since 1997. The most recent was in January 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
The Olderfleet BuildingCommercialβ€”402020
MLC (North) TowerCommercial42 m321972
Intercontinental Melbourne The RialtoHotel40 m121890
45 William StreetCommercial54 m151983
Arise Collins HouseMixed use106 m602019

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), Development Activity Monitor (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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