That's Built · Building report

The Olderfleet Building

471-485 Collins Street, Melbourne VIC 3000

Generated 8 November 2026
Commercial · Office

168 mheight

40floors

2020completed

20businesses

91permits

Development milestones

Planning application	2014	Planning application TPM-2014-29 lodged
Approved	By 2016	Planning permit granted (exact date not recorded)
Construction started	Sep 2016	First major construction permit issued
First occupants	Dec 2020	First occupancy permit issued
Completed	By Sep 2020	The Olderfleet Building completed: 40 floors

Building team

Developer: Mirvac
Architect: Grimshaw
Interior designer: Carr Design Group
Heritage consultant: Lovell Chen
Architect: William Pitt
Architect: Denton Corker Marshall
Co-owner or investor: Mirvac
Co-owner or investor: Suntec Real Estate Investment Trust

Planning & subdivision

Zone: CCZ1
Overlays: DDO1, DDO10, PO1
Strata plan: TP820886 · 1 lots
Scores: 🚆 7 · ☕ 9 · 🌳 8 · ✨ 8

Timeline

20261 building permit · about $1.8m of new works
Largest: Stage 2 - Completion of Works

20252 building permits · about $554k of new works
Largest: Fitout Works to Office Tenancy Shell to Completion to Occupancy Permit (Work Club)

20242 building permits and 1 certificate · about $370k of new works
Largest: Internal Office Alterations

20232 building permits and 2 certificates · about $1.4m of new works
Largest: Internal Cova Office Fitout - Partial Level 7 Only

20223 building permits and 3 certificates · about $2.0m of new works
Largest: Proposed alterations to exisiting retail tenancy.

2021Council census records it as office, 40 floors
Name recorded: The Olderfleet Building

20211 building permit and 1 certificate · about $281k of new works
Largest: Internal Office Fitout for CIP

Dec 2020First occupancy permit issued
Derived from City of Melbourne building permits

3 Sep 2020Mirvac 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.

By Sep 2020The Olderfleet Building completed: 40 floors
Derived from Grimshaw

202013 building permits and 18 certificates · about $59.3m of new works
Largest: Stage 40 - Civil works to Collins Street and Flinders Lane, Shopfront to Flinders Lane

31 Jul 2019Olderfleet 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.

2019Council census records it as unoccupied - under construction, 23 floors
Name recorded: The Olderfleet Building

201912 building permits · about $67.2m of new works
Largest: STAGE 38 - ARCHITECTURE AND SERVICES TO HERITAGE BUILDING

201815 building permits
Largest: STAGE 27 – BASE BUILDING ARCHITECTURAL WORKS LEVELS 16-38 - CONDITIONAL

31 Jul 2017Suntec 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 2017Construction 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.

2017Council census records it as unoccupied - under demolition/condemned, 4 floors
Name recorded: The Olderfleet Building

20176 building permits
Largest: Stage 12 - PT Slabs Levels P2 to P9, core walls levels P2-P9 - conditional

By 2016Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor

Sep 2016First major construction permit issued
Derived from City of Melbourne building permits

20166 building permits · about $300.0m of new works
Largest: Stage 6 - Partial demolition of office tower excluding eastern portion - Conditional

2014Planning application TPM-2014-29 lodged
Derived from City of Melbourne Development Activity Monitor

20131 building permit and 1 certificate · about $310k of new works
Largest: PROPOSED ALTERATIONS TO EXISTING RESTAURANT

22 Feb 2012Historic 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.

20121 building permit · about $200k of new works
Largest: Architectural demolition works excluding services alterations Ground Floor

20112 building permits · about $123k of new works
Largest: Stage 2: Non-structural fitout works. Fitout to tenancy 'Lbrary Women Melbourne Pty Ltd'

2010Council census records it as parking - commercial covered, 9 floors
Name recorded: The Olderfleet Building

20101 building permit and 1 certificate · about $159k of new works
Largest: Stage 2: Remainder of works - office fitout alterations, Accenture Melbourne

20091 building permit and 2 certificates · about $620k of new works
Largest: Proposed internal office fitout for Melbourne Conference & Training Centre

20081 building permit and 1 certificate · about $422k of new works
Largest: Proposed external suncorp sky-signs and free standing Id-sign to existing facade/Ground.

20071 certificate · about $10k of new works
Largest: CAP Gemini. Office fitout alterations to an existing building, Level 2 (part).

20061 certificate · about $180k of new works
Largest: Alterations- Tenancy Ground Floor

20051 building permit · about $28k of new works
Largest: Office partition alterations to existing tenancy on level 5, no 477

20041 building permit and 1 certificate · about $55k of new works
Largest: Office partition alterations Level 2

20031 building permit and 1 certificate · about $50k of new works
Largest: Level 2 - Stage 2 - Works in Hertiage part of building

20025 building permits and 1 certificate · about $513k of new works
Largest: Level 1 - Stage 1 - Office Alterations Excludes works in heritage part of building

2002First council census entry: parking - commercial covered, 8 floors

20014 building permits and 2 certificates · about $7.4m of new works
Largest: Stage 2 final alterations for reinstatement & upgrade of olderfleet heritage bldg

20001 building permit · about $190 of new works
Largest: Installation of alarm signalling equipment

19991 building permit · about $93k of new works
Largest: Alterations to Caffee Masters Ground Level

19985 building permits · about $130k of new works
Largest: Refurbishment and fitout an office on level 7

19971 building permit · about $315k of new works
Largest: Office fitout on the ground, 3 & 4 floors

Building permits and certificates (127)

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.

30 Jan 2026	Stage 2 - Completion of Works	$1.8m
26 Nov 2025	Fitout Works to Office Tenancy Shell to Completion to Occupancy Permit (Work Club)	$350k
20 Jan 2025	Level 34 - Alterations to existing building -tenancy works to L34	$204k
26 Aug 2024	Level 35 - Proposed Alterations to Existing Office	$50k
08 Apr 2024	Level 7 Olderfleet - Change of Use Of An Existing Gym To Office	$2k
16 Jan 2024	Internal Office Alterations	$320k
22 Sept 2023	Level 12 - Internal Office Fitout for AMC	$437k
26 July 2023	Level 38 - smoke detector alterations	$7k
24 May 2023	Internal Cova Office Fitout - Partial Level 7 Only	$931k
08 Feb 2023	Internal Cova Office Fitout - Partial Level 7 Only	$931k
30 June 2022	Ground Floor and Business Lounge - Olderfleet, P2 and P3 - Review of Occupancy Numbers	$1k
10 June 2022	Level 7 - Internal Office Fitout for Syra Resources	$484k
13 May 2022	Proposed alterations to exisiting retail tenancy.	$1.4m
30 Mar 2022	Level 7 Olderfleet - Change of Use Of An Existing Gym To Office	$2k
17 Mar 2022	Freja - 477 Collins - Stage 2 - Building works which includes remaining internal works and shall be read in conjunction with the existing building permit	$52k
11 Jan 2022	Olderfleet Building - Level 6 - Alterations to Child Care Tenancy	$20k
25 Aug 2021	Internal Office Fitout for CIP	$280k
19 Jan 2021	Tenancy 2 and 3 - Internal Office Fitout	$987
14 Dec 2020	Commercial Gym Fitout	$0
10 Dec 2020	MAM Office - Internal Fit out . Alterations to an existing building	$0
27 Nov 2020	Level 9 - Salter Brothers Office fitout	$1.2m
24 Sept 2020	Level 12,13,14,15 - Alteration	$14.1m
24 Sept 2020	Stage 2 - Final - Conditional	$14.1m
16 Sept 2020	Stage 3 - including Fire Hydrants & Fire Hose Reels for P2 Business Lounge & Level 35, Fire Engineering, Regulation 129 & Removal of Two Office Doors on Level 35	$4.4m
16 Sept 2020	Stage 4 - To permit remainder of proposed works only	$4.4m
14 Sept 2020	Alteration	$280k
04 Sept 2020	Level 33 - Olderfleet - FB Rice fitout - alteration	$4.0m
28 Aug 2020	Level 9 - Salter Brothers Office fitout	$1.2m
10 Aug 2020	Stage 2: Fire services	$4.0m
23 July 2020	Office Fit Out for Molino Cahill Lawyers	$1.4m
13 July 2020	Levels 16-17 - Internal Office Fitout for ServiceNow	$3.7m
10 July 2020	Tenancy P0.78. Retail Fitout of Existing Tenancy	$367k
08 July 2020	Stage 4 - To permit remainder of proposed works only	$4.4m
03 July 2020	Levels 10 & 11 - Stage 1 - All Works Excluding the Inter-tenancy Stair to Levels 10 and 11 and Hearing Augmentation System Installation	$4.5m
01 July 2020	Proposed Office Fitout at (Being at Lower Ground, Ground Level, Level 1,2,3,4, 5 & 35 \| 477 Collins Street, Melbourne	$4.4m
01 July 2020	Stage 2 - To Permit Internal Non-Structural Fitout Works to Lower Ground & Ground Floor Only (Excluding All Works to Levels 1-5, Fire Hydrants & Fire Hose Reels to P2 Business Lounge & Level 35, Fire Engineering Retout Works to Lower Ground & Ground Floor Only	$4.4m
29 May 2020	Stage 1 - Architectural and services works associated with fit-out excluding Fire Hydrants, Fire Hose Reels & Community Hub Stepped Seating Areas	$64.2m
29 May 2020	Stage 2 - Fire Hydrants, Fire Hose Reels & Community Hub Stepped Seating Areas associated with fit-out	$64
29 May 2020	Stage 3 - All works associated with Level 18 fit-out	$67.2m
19 May 2020	Stage 1: Levels 36, 37, 38 - Norton Rose Fulbright Melbourne Tenancy Fitout - Base Building Integration	$1.0m
11 May 2020	Levels 10 & 11 - Stage 2 - Final - Conditional	$4.9m
06 May 2020	Tenancy P03.08 & P03.09 - Construction of internal alterations to an existing building	$176k
15 Apr 2020	Tenancy L34.12, Level 34, - Alteration, Blackrock Fitout	$1.1m
14 Apr 2020	Stage 40 - Civil works to Collins Street and Flinders Lane, Shopfront to Flinders Lane	$300.0m
31 Mar 2020	Variation - Tenancy Split to L7, L9, L12 and L34	$300.0m
25 Mar 2020	Code Black Coffee Shop Tenancy fitout & Kiosk fitout	$300k
06 Mar 2020	Levels 16-17 - Internal Office Fitout for ServiceNow	$3.7m
07 Feb 2020	Kid's Club Olderfleet - Internal Alteration - Fitout for new Child Care Centre	$2.5m
29 Jan 2020	Stage 2: Levels 36, 37, 38 - Norton Rose Fulbright Melbourne Tenancy Fitout - FINAL	$11.4m
20 Nov 2019	STAGE 38 - ARCHITECTURE AND SERVICES TO HERITAGE BUILDING	$300.0m
11 Nov 2019	STAGE 37 - STRENGTHENING TO HERITAGE BUILDING FLOORS	$300.0m
29 Oct 2019	STAGE 36 - BALUSTRADES TO STAIRS SERVING HERITAGE BUILDING AND TERRACES ON OFFICE FLOORS	$300.0m
09 Oct 2019	STAGE 35 - LEVEL 37 CANOPY AND BMU GARAGE	$300.0m
12 Aug 2019	STAGE 34 - LOBBY FITOUT WORKS - CONDITIONAL	$300.0m
05 Aug 2019	Stage 3 - All works associated with Level 18 fit-out	$67.2m
23 July 2019	Stage 33 - Level 39 to Roof Structure and Architecture Only - Conditional	$300.0m
28 June 2019	Stage 32 - Variation to EOT - Conditional	$300.0m
16 Apr 2019	STAGE 31 - PT SLABS LEVEL 33 TO 38 - CONDITIONAL	$300.0m
08 Mar 2019	STAGE 30 - CORE WALLS LEVELS 32 TO ROOF	$300.0m
06 Mar 2019	Stage 29 - PT Slabs Level 30 to 32 and Variation to PT Slabs Level 28 and 29	$300
20 Feb 2019	Stage 28 - Carpark Facade	$300
21 Dec 2018	STAGE 27 – BASE BUILDING ARCHITECTURAL WORKS LEVELS 16-38 - CONDITIONAL	$300.0m
12 Dec 2018	STAGE 26 - ATRIUM LOBBY STRUCTURAL STEEL AND SKYLIGHTS - CONDITIONAL	$300.0m
26 Nov 2018	STAGE 25 - HERITAGE FLOORS STRUCTURAL AND STRENGTHENING WORKS - CONDITIONAL	$300.0m
19 Oct 2018	STAGE 24 - NZ CHAMBERS PRECAST WALL - CONDITIONAL	$300.0m
16 Oct 2018	STAGE 23 - BASE BUILDING ARCHITECTURAL WORKS LEVELS P0 TO 15 - CONDITIONAL	$300.0m
04 Oct 2018	Stage 22 - Remaining Precast - Conditional	$300.0m
02 Oct 2018	Stage 21 - Facade Levels 16 to Roof - Conditional	$300.0m
22 Aug 2018	Stage 20 - PT Slabs Levels 16 to 29 and Columns Levels 32 to 39 - Conditional	$300.0m
02 Aug 2018	Stage 19 - Services Levels 06 to Roof, Speedpanel and Masonry Levels 06 to Roof - Conditional	$300.0m
27 July 2018	Stage 17 - Heritage wall structural works - Conditional	$300.0m
27 July 2018	Stage 18 - Facade Levels 6 to 15 – Conditional	$300.0m
29 May 2018	Stage 16 - Repair to Heritage Wall - Conditional	$300.0m
29 Mar 2018	Stage 15 - PT Slabs L6-15 and P0 to P9 Masonry and Speedpanel Walls - Conditional	$300.0m
15 Mar 2018	Stage 14 - Core Walls and Columns Level 6-32 - Conditional	$300.0m
15 Feb 2018	Stage 13 - Services Levels P0 to P9 Excluding Carpark Mechanical Ventilation - Conditional	$300.0m
03 Nov 2017	Stage 12 - PT Slabs Levels P2 to P9, core walls levels P2-P9 - conditional	$300.0m
01 Sept 2017	Stage 11 - P1 Slab, Walls P0-O2 and Columns P0-P9 - Conditional	$300.0m
03 July 2017	Stage 10 - Levels PO (part) ans PO Mezzanine (part) slabs - conditional	$300.0m
28 Apr 2017	Stage 9 - In-ground services, piling & Ground Floor Slab excluding piling and excavation works adjacent to the adjoining property 47 William Street.	$300.0m
07 Apr 2017	Stage 8 - Demolition of Ground Floor Slab and Footings	$9.0m
13 Jan 2017	Stage 7 - Balance of Demolition Works	$8.8m
01 Dec 2016	Stage 6 - Partial demolition of office tower excluding eastern portion - Conditional	$6.8m
18 Nov 2016	Stage 5 - Internal Strip Outworks and Partial Deglazing of North and South Facade	$3.8m
29 Sept 2016	Stage 4 - Partial demoliton of carpark - Western portion	$3.3m
22 Sept 2016	New Building - Stage 3 - Slab Penetration For Roof Level	$800k
15 Sept 2016	New Building - Stage 2 - Demolition Enabling Works	$750k
09 Sept 2016	New Building - Stage 1 - Demolition Enabling Works (Internal Only)	$500k
24 Oct 2013	PROPOSED ALTERATIONS TO EXISTING RESTAURANT	$160k
05 Sept 2013	cafe fitout to existing tenancy Basement	$150k
03 Sept 2012	Architectural demolition works excluding services alterations Ground Floor	$200k
09 Dec 2011	Stage 2: Non-structural fitout works. Fitout to tenancy 'Lbrary Women Melbourne Pty Ltd'	$123k
16 Nov 2011	Fitout to tenancy 'Lbrary Women Melbourne Pty Ltd'	$23k
28 Sept 2010	Level 4-6 office Fitout Accenture Melbourne	$41k
26 Aug 2010	Stage 2: Remainder of works - office fitout alterations, Accenture Melbourne	$159k
11 Dec 2009	Proposed internal office fitout for Melbourne Conference & Training Centre	$500k
02 Mar 2009	Tenancy 3, Ground Floor 495 Collins Street	$120k
04 Feb 2009	Internal Alterations & Fitout - Suncorp GIO Branch	$463
07 Aug 2008	Proposed external suncorp sky-signs and free standing Id-sign to existing facade/Ground.	$272k
26 May 2008	Allens Arthur Robinson. Office Internal Alterations to Ground Floor.	$150k
02 Oct 2007	CAP Gemini. Office fitout alterations to an existing building, Level 2 (part).	$10k
06 Oct 2006	Alterations- Tenancy Ground Floor	$180k
03 Feb 2005	Office partition alterations to existing tenancy on level 5, no 477	$28k
19 Apr 2004	Office partition alterations Level 2	$36k
18 Feb 2004	Tenancy works Level 2	$19k
02 June 2003	Internal Alterations to an existing building on the Ground Floor. Allens Arthur Robinson	$50k
28 Apr 2003	Level 2 - Stage 2 - Works in Hertiage part of building	$200k
19 Dec 2002	Variation: Additional minor works - olderfleet building. Alterations to an existing office building, basement Level and Ground Level	$40k
29 Nov 2002	Additional minor works - olderfleet building. Alterations to an existing office building, basement Level and Ground Level	$40k
22 Oct 2002	Alterations to office - Ground Floor	$93k
11 Sept 2002	Level 1 - Stage 1 - Office Alterations Excludes works in heritage part of building	$200k
23 Aug 2002	Fit out to shop (Hairdressers/Beauty Salon) Ground & Upper levels	$80k
04 Jan 2002	Level 7 - Office alterations.	$100k
13 Dec 2001	Stage 1, partitions to an existing building. Levels 5 & 6. NRMA Insurance Ltd Office refurbishment	$200k
31 Oct 2001	Removal of fire hydrant lay flat canvas fire hoses.	$300
27 Sept 2001	Stage 1- all building work to rear of levels 2 & 3. Office partition to levels 2 & 3 of The Olderfleet Building	$1.7m
03 Aug 2001	stage 1 strip out for reinstatement & upgrade of olderfleet heritage bldg	$268k
27 July 2001	Level 4 Office fitout for Allens Arthur Robinson.	$415k
15 Jan 2001	Stage 2 final alterations for reinstatement & upgrade of olderfleet heritage bldg	$5.1m
30 Mar 2000	Installation of alarm signalling equipment	$190
08 Oct 1999	Alterations to Caffee Masters Ground Level	$93k
06 Nov 1998	Installation of exit door fail safe device	$1k
02 Sept 1998	Refurbishment and fitout an office on level 7	$120k
13 July 1998	Internal alterations to level 1	$5k
30 June 1998	Construct new wall and door	$3k
30 June 1998	Office alterations on level 4	$1k
12 Aug 1997	Office fitout on the ground, 3 & 4 floors	$315k

Questions and answers

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.

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)). General information from public records, not legal, financial or building advice.