[1] The Trust Building was constructed between 1914 and 1916 to home the offices of The Daily Telegraph, the leading broadsheet newspaper of the day.

[1][3]: 10  The foundation stone for the Trust Building was laid by the president of The Daily Telegraph newspaper company, J. Randall Carey, in February 1914.

After the newspaper left the building, floors 5-8 were leased to various architects, dentists and financiers with the majority of the offices going to solicitors.

[1][5] Following the 1929 newspaper relocation, the building was purchased by a Sydney consortium named King Street Freehold Ltd., which set up the Hotel Savoy there in 1929.

They added lower ground floor shops including Cornelius Furs which was still present there in 1989 at the time of the last survey.

The clocks and bronze indication frieze have been partially reproduced to resemble the Trust Building's appearance in 1934.

The base courses were originally rock faced trachyte and the upper floors were dressed Pyrmont sandstone.

[1] Trust Building was listed on the New South Wales State Heritage Register on 2 April 1999 having satisfied the following criteria.

The Trust Building is of significance as the Sydney office of Sir Rupert Clarke, a leading Victorian pastoralist and entrepreneur.

[1] The place is important in demonstrating aesthetic characteristics and/or a high degree of creative or technical achievement in New South Wales.

[1] The place possesses uncommon, rare or endangered aspects of the cultural or natural history of New South Wales.

[1] This Wikipedia article was originally based on Trust Building, entry number 676 in the New South Wales State Heritage Register published by the State of New South Wales (Department of Planning and Environment) 2018 under CC-BY 4.0 licence, accessed on 13 October 2018.