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That's Built · Building report

435 Bourke Street

423-447 Bourke Street, Melbourne VIC 3000
Generated 8 November 2026
Other · Unoccupied - Under Construction
—height
48floors
—completed
0businesses
69permits

Development milestones

Planning application2019Planning application TPMR-2019-1/D lodged
ApprovedApprovedPlanning permit granted (exact date not recorded)

Building team

Developer
Cbus Property
Architect
Bates Smart
Builder
Multiplex
Builder
Kapitol Group

Planning & subdivision

Zone
CCZ1
Overlays
DDO1, DDO10, PO1
Scores
🚆 7 · ☕ 7 · 🌳 7 · ✨ 10

Timeline

23 Jul 2026KordaMentha, UniSuper and Hostplus commit to 435 Bourke Street
Cbus Property announced that KordaMentha had signed a lease for about 3,600 square metres on levels 33 to 35. UniSuper and Hostplus were named among the commercial tenants committed to the tower, with Lucas Collective and Rosso Group taking retail space.
29 Apr 2026435 Bourke Street tops out and reaches stage 1 practical completion
Cbus Property and Multiplex announced that the tower had topped out and that the first stage (SP1) had reached practical completion, with the second stage due later in 2026. The article said full completion was targeted for late 2026. UniSuper later also reported the topping out.
20262 building permits and 4 certificates · about $16.6m of new works
Largest: Stage 15 - B5-L8 Services (Excluding Vertical Transport)
202515 building permits and 1 certificate · about $61.2m of new works
Largest: Stage 35 - Level 52 Slab, roof precast, crown steelwork, stair 7 & 8
5 Apr 2024Baker McKenzie signs lease at 435 Bourke Street
Global law firm Baker McKenzie signed an agreement for lease over about 3,600 square metres on levels 36 to 38, joining the Commonwealth Bank, which committed to 15,000 square metres on levels one to eight as its future Melbourne head office.
2024Council census records it as unoccupied - under construction, 1 floors
202412 building permits
Largest: Stage 22 - Structural Slabs Level 9-19
16 Nov 2023Multiplex appointed to build 435 Bourke Street tower
Multiplex was appointed to deliver the $1 billion, 48-storey Bates Smart-designed office tower for Cbus Property, with completion targeted for Q4 2026. World Construction Network also reported that construction was commencing, with 116 car spaces across five and a half basements.
18 May 2023Early works under way on 435 Bourke Street tower
The Urban Developer reported that early works and basement construction were under way by Kapitol Group, with Bates Smart as architect and an end value of $1 billion.
20237 building permits · about $559.4m of new works
Largest: Stage 10 - B4 Slab, B4-LG core wall slabs & BL5L-LG and Precast B5L-L9
1 Aug 2022Demolition under way on the 435 Bourke Street site
Cbus Property reported that demolition of 140 and 150 Queen Street and 27 McKillop Street was complete and demolition of 423 Bourke Street was under way. Construction completion was then anticipated for 2026.
2022Council census records it as unoccupied - under demolition/condemned, 11 floors
20222 building permits · about $10.0m of new works
Largest: Piling Works on 140-150 Queen Street, 423 Bourke Street & 21-27 McKillop Street
20211 certificate · about $105k of new works
Largest: Levels L2 & L3 - Office Fitout Works
24 Jan 2020Planning approval granted for 435 Bourke Street office tower
The Department of Environment, Land, Water and Planning approved the project after design refinement with the City of Melbourne. The approved scheme was described as 59,000 square metres of office space across 49 storeys.
2019Planning application TPMR-2019-1/D lodged
Derived from City of Melbourne Development Activity Monitor
20 Dec 2018Cbus Property lodges planning application for 435 Bourke Street site
Cbus Property lodged a planning application for a commercial precinct combining 423 Bourke Street with 140 and 150 Queen Street and 27 McKillop Street. The proposal was for a 55-level office project designed by Bates Smart, reported at about $1 billion.
20181 building permit · about $280k of new works
Largest: Display Suite
20171 certificate · about $15k of new works
Largest: Level 3 - Internal office fit out
20161 building permit and 2 certificates · about $239k of new works
Largest: Level 5 - Loop Office Fit out
20101 building permit · about $45k of new works
Largest: Internal office alterations - Loop Technology Level 5
20071 building permit · about $300k of new works
Largest: Proposed additions and alterations to office building.
20021 building permit · about $38k of new works
Largest: Level 5 - Alterations to Offices
2002First council census entry: office, 11 floors
20001 certificate · about $190 of new works
Largest: Installation of alarm signalling equipment
19991 building permit and 1 certificate · about $918k of new works
Largest: Tenancy fitout on level 5
19985 building permits · about $251k of new works
Largest: Office alterations on levels 4 5 and 6
19972 building permits and 2 certificates · about $321k of new works
Largest: alterations to office
19961 building permit · about $443k of new works
Largest: Tenancy alterations - includning levels 9 & 10 and common toilet and tearoom areas.
ApprovedPlanning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor

Building permits and certificates (65)

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.

10 Apr 2026Internal structure - two restaurant fitouts$16.6m
07 Apr 2026Stage 15 - B5-L8 Services (Excluding Vertical Transport)$544.4m
07 Apr 2026Stage 21 - Architectural Internal Fitout Levels 01 to Level 08$544.4m
07 Apr 2026Stage 24 - Architectural internal fitour levels LG (lower ground) to level MZ (Mezzanine)$544.4m
07 Apr 2026Stage 25 - Lower ground, ground floor and level 1 facade (excluding areas in provided markup)$544.4m
13 Feb 2026Crown Facade & Tower Doors$544.4m
06 Oct 2025Stage 35 - Level 52 Slab, roof precast, crown steelwork, stair 7 & 8$544.4m
03 Oct 2025Stage 34 - Level 25 - 48 Shell and Core$544.4m
08 Sept 2025Level 9 to 11 - CBA Melbourne - Tenancy Fitout Works - Alteration - Stage 2$12.7m
26 Aug 2025Level 9 to 11 - CBA Melbourne - Tenancy Fitout Works - Alteration - Stage 1: integrated services (excluding fire services) & FCR rooms$12.7m
06 Aug 2025Stage 33 - Level 8-11 Stair 22 and Stair Void Enclosures$544.4m
29 July 2025Stage 32 - Skygarden Steelwork / Facade & Tower Balustrades$544.4m
28 July 2025Stage 31 - Level 49-51 Structural Slabs, Low Rise Lift & Stair 7 & 8 Steelwork$544.4m
03 June 2025Stage 30 - Vertical Transport Construction$544.4m
26 May 2025Commercial & Retail Development - New building / Demolition - 423 Bourke Street, Melbourne$2.7m
01 May 2025Stage 2 - Level 1 to 8 - CBA Melbourne – Phone booths and vc cockpits$45.7m
26 Mar 2025Stage 25 - Lower ground, ground floor and level 1 facade (excluding areas in provided markup)$544.4m
26 Mar 2025Stage 26 - Architectural internal fitout Levels 9-24$544.4m
26 Mar 2025Stage 27 - Services Level 9-24 (Base Building Works Only)$544.4m
26 Mar 2025Stage 28 - Tower Facade Exclusions - L2 FT-104, L9 FT-107, L20 FT-107 & L3 FT-162$544.4m
26 Mar 2025Stage 29 - L20-48 SLABS, L29-ROOF CORE, STEELWORK PACKAGE 1 (B01, GF, L4, ATRIUM, L10 CANOPY)$544.4m
25 Mar 2025Stage 24 - Architectural internal fitour levels LG (lower ground) to level MZ (Mezzanine)$544.4m
25 Oct 2024Stage 22 - Structural Slabs Level 9-19$544.4m
25 Oct 2024Stage 23 - Ground floor (package 01) Queen and Bourke Street facades$544.4m
14 Oct 2024Level 1 to 8 - CBA Melbourne – Integrated Fitout -Fitout works$50.7m
06 Sept 2024Stage 19 - L1-49 Facade (Excluding Skygarden (L20-22), Package 1 & 2 (Ground Mezzanine), Terrace Window Wall and Canopies (L9)$544.4m
06 Sept 2024Stage 20 – Core Walls Level 10 – Level 28$544.4m
22 July 2024Stage 18 - Architectural Internal Fitout and Basement 05 to Basement 01$544.4m
10 July 2024Stage 17 - Core Lobby Slab Ground - Level 13, Concrete Stairs to Roof Slabs Level 1-8$544.4m
17 May 2024Stage 16 - Columns G-Roof, Column Transitions Mezz-L9, G & Mezz Slab$544.4m
23 Apr 2024Stage 14 - Lower Ground Slab Basement Perimeter Walls, Ground to Level 9 Core$544.4m
28 Feb 2024Stage 13 - Basement 1 slab$544.4m
21 Feb 2024Stage 12 - B2 Slab and Basement Retail Precast$544.4m
25 Jan 2024STAGE 11 - B3 SLAB AND COLUMNS B4-LG Special$544.4m
23 Oct 2023Stage 10 - B4 Slab, B4-LG core wall slabs & BL5L-LG and Precast B5L-L9$544.4m
09 Oct 2023Stage 9 - BASEMENT 5 LOWER & BASEMENT 5 UPPER SLABS$544.4m
22 Sept 2023Stage 7 - Core Walls B5L To Underside B5, Colimns B5L To Underside B4$544.4m
16 Aug 2023Stage 8 - Commercial & Retail Development - B5 Inground services$544.4m
24 July 2023Stage 6 - Commercial & Retail Development - New building / Site Retention Piles only$544.4m
08 May 2023Stage 5 - Foundation Piles$15.1m
23 Jan 2023Stage 4 - Piling Works on 140-150 Queen Street, 423 Bourke Street & 21-27 McKillop Street$14.9m
26 Oct 2022Piling Works on 140-150 Queen Street, 423 Bourke Street & 21-27 McKillop Street$6.9m
12 Aug 2022Demolition of 423 Bourke Street, 140 Queen Street & 150 Queen Street Basements (Part)$3.2m
27 Jan 2021Levels L2 & L3 - Office Fitout Works$105k
14 May 2018Display Suite$280k
21 Nov 2017Level 3 - Internal office fit out$15k
07 Oct 2016Suite 2, Level 5, Internal Office Fit-Out$19k
01 Apr 2016Level 5 - Loop Office Fit out$120k
04 Mar 2016Level 2 - Internal office fit out$100k
28 Apr 2010Internal office alterations - Loop Technology Level 5$45k
27 Aug 2007Proposed additions and alterations to office building.$300k
03 June 2002Level 5 - Alterations to Offices$38k
04 Sept 2000Installation of alarm signalling equipment$190
22 June 1999Office fitout on level 6$19k
28 Jan 1999Tenancy fitout on level 5$900k
18 Nov 1998Tenancy fitout on level 7$16k
12 Oct 1998Office fitout on level 2, 423 Bourke Street, Melbourne$18k
21 Sept 1998Alteration and additions to building - unit 4$30k
01 July 1998Office alterations on levels 4 5 and 6$100k
30 June 1998Office alterations on level 5$87k
18 Dec 1997proposed bldg$140k
26 Aug 1997alterations to office$150k
21 Aug 1997Office fitout$18k
02 July 1997Office refurbishment Level 9$13k
19 Aug 1996Tenancy alterations - includning levels 9 & 10 and common toilet and tearoom areas.$443k

Questions and answers

Is 435 Bourke Street residential or commercial?
435 Bourke Street is neither homes nor offices. The City of Melbourne lists its main use as unoccupied - under construction.

How many floors does 435 Bourke Street have?
435 Bourke Street has 48 floors above ground.

Who designed and built 435 Bourke Street?
Cbus Property developed 435 Bourke Street, Bates Smart designed it and Kapitol Group built it. The building team section has the sources.

What public transport is near 435 Bourke Street?
Town Hall Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is Queen St/Bourke St #4, about 1 minute's walk.

What is the planning zone for 435 Bourke Street?
The site is in the Capital City Zone - Schedule 1 (CCZ1).

Has any work been done on 435 Bourke Street recently?
The City of Melbourne has issued 69 building permits for 435 Bourke Street since 1996. The most recent was in April 2026.

Sources: City of Melbourne building permits (CC BY 4.0); CLUE building information (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.

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