🏒 CommercialOfficeCompleted 2008

550 Bourke Street

550 Bourke Street, Melbourne VIC 3000

  • 95 m tall Β· #126 in Melbourne
  • 19 floors
  • 25 businesses

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18 years standing

Built in 1 yr

  1. Jan 2007Construction started
  2. 2008Completed
  3. TodayStill standing

50 building permits Β· 3 news storiesFull timeline ↓

About 550 Bourke Street

550 Bourke Street is a 19-storey office tower in Melbourne, with a roof height of 95 metres. Cbus Property developed it, with Bates Smart, SJB Architects and NH Architecture as architects and Brookfield Multiplex as builder, and it was completed in 2008.

At a glance

Key facts

Building type
🏒 Commercial
Completed
2008
Height
95 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#126 of 1596 in Melbourne
Floors
19
Footprint
2,002 mΒ²
Architect
Bates Smart Unconfirmed We don't have data to 100% confirm this data point as yet.
Builder
Brookfield Multiplex Unconfirmed We don't have data to 100% confirm this data point as yet.
Businesses
25
Car spaces
β€”
Strata plan
PS617351 Β· 2 lots
Planning zone
CCZ1
Permits on record
50

Score cards

πŸš† Transport8/10

Flagstaff Station 5 min walk Β· 7 tram stops within 400 m

β˜• Everyday amenities7/10

115 cafΓ©s, 2 grocers, 13 medical within 250 m

🌳 Greenery8/10

83 street trees within 150 m Β· park 163 m away

✨ Activity8/10

7,085 people pass daily nearby Β· 39 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 550 Bourke Street.

πŸ—DeveloperCbus Property2006–2014reported2006-2014 Β· Developer and owner until the 2014 sale to GPT and GWOFSource: Cbus Property β†—
πŸ‘·BuilderBrookfield MultiplexreportedMain contractorSource: Cbus Property β†—
πŸ“ArchitectBates SmartreportedDesign architectSource: Cbus Property β†—
🏦OwnerGPT Group2014–presentverifiedCurrent Β· 2014-present Β· 50% interest in the CBW complex, including 550 Bourke StreetSource: The Urban Developer β†—
🏦Co-owner or investorGPT Wholesale Office Fund2014–presentreportedCurrent Β· 2014-present Β· 50% interest in the CBW complex through GPT Wholesale Office FundSource: The Urban Developer β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flagstaff Station
Train station
5 min Β· 394 m
πŸš†Flagstaff Railway Station
Train station
5 min Β· 400 m
πŸš‹Bourke St/William St #5
Tram stop
1 min Β· 50 m
πŸš‹William St/Bourke St #3
Tram stop
1 min Β· 62 m
πŸš‹Queen St/Bourke St #4
Tram stop
3 min Β· 214 m

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

Within a 3-minute walk

115β˜• CafΓ©s & eateries
2πŸ›’ Grocers
3πŸ‹οΈ Gyms
13🩺 Medical
3πŸ’Š Pharmacies
0🧸 Childcare
8🍷 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 550 Bourke Street

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

Accuraco Pty Ltd

Management Advice and Other Consulting Services

Anytime Fitness Melbourne CBD

Health and Fitness Centres and Gymnasia Operation

Chilangos

Cafes and Restaurants

Crisp Creative Salad

Takeaway Food Services

Duo Projects Pty Ltd

Management Advice and Other Consulting Services

DWS

Management Advice and Other Consulting Services

Dye & Durham Pty Ltd

Management Advice and Other Consulting Services

Finch Espresso

Cafes and Restaurants

Forethought Research

Market Research and Statistical Services

Looking for space in 550 Bourke Street?

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 550 Bourke Street: listings, news, works, planning and history.

2026πŸ› 
Works
1 building permit Β· about $193k of new works
Largest: Level 13 - Alterations to an existing building.
2025πŸ› 
Works
1 building permit and 2 certificates Β· about $689k of new works
Largest: Tenancy fitout of Cafe (6(a))
2024πŸ”„
Use change
Council census records it as office, 21 floors
Name recorded: 550 Bourke Street
2024πŸ› 
Works
1 building permit and 4 certificates Β· about $2.7m of new works
Largest: Fitout for a change of use from a gym to an office - Stage 1: Services Rough-in, Flooring & Frame
2023πŸ› 
Works
4 building permits Β· about $1.1m of new works
Largest: Alterations to existing building - mezzanine lobby upgrade works
2022πŸ› 
Works
8 building permits and 6 certificates Β· about $20.9m of new works
Largest: Stage 3 - Level 8 - Tenancy 2 office fit-out
2021πŸ”„
Use change
Council census records it as unoccupied - unused, 21 floors
Name recorded: 550 Bourke Street
2021πŸ› 
Works
2 building permits and 2 certificates Β· about $7.2m of new works
Largest: Stage 3 - Remainder of fitout works
2020πŸ› 
Works
1 building permit Β· about $139k of new works
Largest: Alterations to Level 7 Lobby
2019πŸ› 
Works
1 certificate Β· about $32k of new works
Largest: Retail Tenancy Fitout to Tenancy TG14
2017πŸ› 
Works
2 building permits Β· about $90k of new works
Largest: Level 4 - Mechanical Ventilation Alterations
2016πŸ› 
Works
1 certificate Β· about $367k of new works
Largest: Level 8 - Office tenancy fitout
4 Sep 2014πŸ“°
News
GPT Group and GPT Wholesale Office Fund buy CBW complex from Cbus Property for $608.1 million
GPT Group and GPT Wholesale Office Fund each bought a 50 per cent interest in the CBW complex, which includes 550 Bourke Street, from Cbus Property for $608.1 million. GPT said it would fund its share with debt.
Covered by 2 outlets
2014πŸ› 
Works
5 building permits Β· about $1.2m of new works
Largest: Stage 3: Level 14, 15, 16 & 18- Fire Services
2011πŸ› 
Works
3 building permits and 2 certificates Β· about $1.8m of new works
Largest: Stage 2: Forethought research tenancy fitout (fire hydrant).
2010πŸ”„
Use change
Council census records it as office, 21 floors
Name recorded: 550 Bourke Street
2010πŸ› 
Works
4 building permits and 4 certificates Β· about $5.5m of new works
Largest: Stage 3: Level 3 & 4 fitout. Fitout of 2 levels of offices - Deakin University.
2009πŸ› 
Works
6 building permits and 4 certificates Β· about $3.8m of new works
Largest: Alterations to a building. Levels 7-19. Stage 5: Deloitte External Sky Signage.
2008πŸŽ‰
Milestone Β· Completed
550 Bourke Street completed: 19 floors
Derived from City of Melbourne building census (CLUE) 2024
Jul 2008πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
2008πŸ”„
Use change
Council census records it as unoccupied - under construction, 21 floors
Name recorded: 550 BOURKE STREET - CBW Stage 2
2008πŸ› 
Works
2 building permits and 2 certificates Β· about $22.6m of new works
Largest: Construction of a new building, 538 Bourke Street office building commercial development lot 1 & 2. Stage 20: Structural amendments to Level
Jan 2007πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2007πŸ› 
Works
5 building permits Β· about $197.4m of new works
Largest: Construction of a new building, 538 Bourke Street office building commercial development lot 1 & 2. Stage 19: Goldsbourgh Lane canopy steelw
31 Oct 2006πŸ“°
News
Planning permit amendment lets 550 Bourke Street become an all-office tower
Cbus Property said the original permit for 550 Bourke Street was for a mix of office and hotel, and that the Victorian government had approved an amendment. The tower was to become an A-grade office building of about 25,500 square metres.
Covered by 2 outlets
10 Jan 2006πŸ“°
News
Cbus Property plans 18-storey office tower at 550 Bourke Street in place of hotel and offices
Cbus Property announced it would develop an 18-storey office building at 550 Bourke Street on the corner of William Street. The company's chief executive confirmed approval to drop the hotel from the earlier plans.
2006πŸ”„
Use change
Council census records it as unoccupied - under construction, 1 floors
Name recorded: JETSET HOUSE
2004πŸ› 
Works
1 building permit Β· about $45k of new works
Largest: Internal upgrade works including emergency ligthing, exit signage ,door hardware & reconnection of sprinklers
2002πŸ“‹
First census
First council census entry: unoccupied - under renovation, 14 floors
2000πŸ› 
Works
1 building permit Β· about $190 of new works
Largest: installation of alarm signalling equipment
1999πŸ› 
Works
1 building permit Β· about $20.0m of new works
Largest: Conversion of an existing 15 storey office building into a 240 room hotel
1998πŸ› 
Works
1 building permit Β· about $500 of new works
Largest: Removal of fire hydrant

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
PS617351
Lots on the plan
2
Owners corporation
Not recorded
Building permits on record
50
Estimated cost of works
About $285.9m
1998New 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

2002Unoccupied - Under Renovation Β· 14 floors Β· "JETSET HOUSE"
2006Unoccupied - Under Construction Β· 1 floors Β· "JETSET HOUSE"
2008Unoccupied - Under Construction Β· 21 floors Β· "550 BOURKE STREET - CBW Stage 2"
2010Office Β· 21 floors Β· "550 Bourke Street"
2021Unoccupied - Unused Β· 21 floors Β· "550 Bourke Street"
2024Office Β· 21 floors Β· "550 Bourke Street"

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

Community

What people say about 550 Bourke Street in public forums and groups, and reviews left here.

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Frequently asked questions

Is 550 Bourke Street residential or commercial?

550 Bourke Street is a commercial building. The City of Melbourne lists its main use as office.

When was 550 Bourke Street built?

550 Bourke Street was completed in 2008.

How many floors does 550 Bourke Street have?

550 Bourke Street has 19 floors above ground.

What businesses are in 550 Bourke Street?

The latest council census counted 25 businesses in 550 Bourke Street, including Accuraco Pty Ltd, Anytime Fitness Melbourne CBD and Chilangos.

Is there office or retail space for lease in 550 Bourke Street?

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

Who designed and built 550 Bourke Street?

Cbus Property developed 550 Bourke Street, NH Architecture designed it and Brookfield Multiplex built it. The building team section has the sources.

How tall is 550 Bourke Street?

About 95 metres, measured from the City of Melbourne's 3D building model. It's number 126 of 1596 buildings in Melbourne by height.

What public transport is near 550 Bourke Street?

Flagstaff Station is the nearest train station, about 5 minutes' walk. The nearest tram stop is Bourke St/William St #5, about 1 minute's walk.

What is the planning zone for 550 Bourke Street?

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

Does 550 Bourke Street have an owners corporation?

Plan of subdivision PS617351 has 2 lots.

Who bought 550 Bourke Street and for how much?

In September 2014, GPT Group and GPT Wholesale Office Fund bought the CBW complex, which includes 550 Bourke Street, from Cbus Property for $608.1 million.

Was 550 Bourke Street always planned as an office tower?

In January 2006, Cbus Property planned an 18-storey office tower on the site in place of a hotel and offices. In October 2006, a planning permit amendment allowed 550 Bourke Street to become an all-office tower.

Has any work been done on 550 Bourke Street recently?

The City of Melbourne has issued 50 building permits for 550 Bourke Street since 1998. The most recent was in May 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
550 Bourke StreetCommercialβ€”192008
CGU TowerCommercial0 m282008
570 BourkeCommercial60 m331972
The WilliamMixed use82 m251966
Douglas Menzies ChambersCommercial86 m131973
Quest on WilliamHotel86 m161967
Owen Dixon Chambers EastCommercial118 m141961

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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