🏒 CommercialOfficeCompleted 2008

Twenty8 Freshwater Place

28 Freshwater Place, Southbank VIC 3006

  • 102 m tall Β· #38 in Southbank
  • 26 floors
  • 15 businesses
  • 247 car spaces

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18 years standing

Built in 1 yr 1 mth

  1. Dec 2006Construction started
  2. 2008Completed
  3. TodayStill standing

66 building permits Β· 2 news storiesFull timeline ↓

About Twenty8 Freshwater Place

Twenty8 Freshwater Place is an office tower in Southbank with 26 floors above ground and a roof height of 102 metres. Designed by Bates Smart, it was completed in 2008. JPMorgan Asset Management bought the building in 2016 for $286 million, and JPMorgan put it on the market in March 2020.

At a glance

Key facts

Building type
🏒 Commercial
Completed
2008
Height
102 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#38 of 190 in Southbank
Floors
26
Footprint
2,519 mΒ²
Architect
Bates Smart
Businesses
15
Car spaces
247
Strata plan
PS504017 Β· 2 lots
Planning zone
CCZ3
Permits on record
66

Score cards

πŸš† Transport6/10

Flinders Street Station 7 min walk Β· 3 tram stops within 400 m

β˜• Everyday amenities7/10

35 cafΓ©s, 4 grocers, 2 medical within 250 m

🌳 Greenery8/10

129 street trees within 150 m Β· park 119 m away

✨ Activity5/10

1,845 people pass daily nearby Β· 16 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 Twenty8 Freshwater Place.

🏦Co-owner or investorGPT Wholesale Office Fund2007–2016reported2007-2016 Β· Joint owner of the Freshwater Place office towerSource: The Urban Developer β†—
🏦Co-owner or investorFrasers Property Australia2007–2016reported2007-2016 Β· Joint owner of the Freshwater Place office towerSource: The Urban Developer β†—
πŸ“ArchitectBates SmartverifiedArchitect of the Freshwater Place precinctSource: Trends Ideas β†—
🏦OwnerJPMorgan Asset Management (Asia Pacific property fund)since 2016verifiedCurrent Β· since 2016 Β· Owner after purchase for $286 millionSource: The Urban Developer β†—
🏷Sales agentJLL2020reportedCurrent Β· 2020 Β· Agent named for the 2020 sale listingSource: Real Estate Source β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
7 min Β· 586 m
πŸš†Flinders Street Railway Station
Train station
8 min Β· 637 m
πŸš‹Casino/Southbank/Queens Bridge St #115
Tram stop
1 min Β· 113 m
πŸš‹Flinders St/Queens Bridge St #1
Tram stop
5 min Β· 362 m
πŸš‹Market St/Flinders St #3
Tram stop
5 min Β· 386 m

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

Within a 3-minute walk

35β˜• CafΓ©s & eateries
4πŸ›’ Grocers
2πŸ‹οΈ Gyms
2🩺 Medical
0πŸ’Š Pharmacies
3🧸 Childcare
1🍷 Pubs & bars

Who lives in Southbank

Residents18,670
Median age31
Households renting64%
Households without a car35%
Walk to work35%
Public transport to work32%

ABS Census 2016 via City of Melbourne (CC BY).

Businesses in Twenty8 Freshwater Place

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

Adecco

Employment Placement and Recruitment Services

Aussie Home Loans

Other Auxiliary Finance and Investment Services

BASF Australia Ltd

Basic Inorganic Chemical Manufacturing

BMC Software (Australia) Pty Ltd

Computer System Design and Related Services

Cargill Australia Limited

Other Grain Growing

CPA AUSTRALIA LTD

Business and Professional Association Services

Freedom Property Investors

Real Estate Services

Incitec Pivot Limited

Fertiliser Manufacturing

LAING O'ROURKE AUSTRALIA PTY LTD

Other Heavy and Civil Engineering Construction

Looking for space in Twenty8 Freshwater Place?

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 Twenty8 Freshwater Place: listings, news, works, planning and history.

2026πŸ› 
Works
1 building permit and 1 certificate Β· about $510k of new works
Largest: L21 McCain - Stage 2 Fitout of office area
2025πŸ› 
Works
6 building permits and 4 certificates Β· about $7.8m of new works
Largest: L21 McCain - Stage 3 Fitout of test kitchen
2024πŸ› 
Works
3 building permits and 6 certificates Β· about $11.4m of new works
Largest: L22-23 SAP Fitout
2023πŸ› 
Works
6 building permits and 4 certificates Β· about $15.6m of new works
Largest: 28FWP Ground Floor Lobby Alterations | Alterations to an Existing Building
2022πŸ› 
Works
1 building permit and 1 certificate Β· about $9.2m of new works
Largest: Alterations to existing building – Fitout & new interconnecting stair to office tenancy on levels 13 & 14
2021πŸ› 
Works
1 building permit Β· about $836k of new works
Largest: Level 17 - JP Morgan Office Fitout - Alterations to an Existing Building
5 Mar 2020πŸ“°
News
JPMorgan puts Twenty8 Freshwater Place on the market
JPMorgan Asset Management listed the 25-level Southbank office tower with an expected price of more than $400 million, and said it would consider selling either the whole asset or a 50 per cent stake. The articles name JLL as agent and list blue-chip occupiers including CPA, MMG Australia and WSP Australia.
Covered by 2 outlets
2020πŸ› 
Works
2 building permits and 2 certificates Β· about $8.4m of new works
Largest: CPA Level 17-20 - Fitout Including Interconnecting Stair
2019πŸ› 
Works
4 building permits and 3 certificates Β· about $5.3m of new works
Largest: Basement 1 - FWP2 End of Trip Alterations
2018πŸ› 
Works
3 building permits and 4 certificates Β· about $2.4m of new works
Largest: Level 16 - FWP2 Adecco Office fitout - Strip out works only
2017πŸ› 
Works
1 building permit Β· about $396k of new works
Largest: Stage 1: Strip Out Works Only - Level 7 - Leo Burnet Office Fitout
29 Aug 2016πŸ“°
News
JPMorgan Asset Management buys Twenty8 Freshwater Place for $286 million
JPMorgan Asset Management's Asia Pacific property fund bought the office tower, named Twenty8 Freshwater Place, for $286 million from joint owners Frasers Property Australia and GPT Wholesale Office Fund. The Urban Developer described it as the largest single office tower transaction in the Melbourne market that year.
2016πŸ› 
Works
1 building permit and 2 certificates Β· about $1.8m of new works
Largest: Levels 13-15 Office Fitout Works
2015πŸ› 
Works
5 building permits Β· about $891k of new works
Largest: Level 7 - Leo Burnett Office Tenancy Fitout
2014πŸ› 
Works
3 building permits Β· about $448k of new works
Largest: Level 11 Internal Fit Out of Existing Office Tenancy
2013πŸ› 
Works
2 building permits Β· about $110k of new works
Largest: Office Partition Fitout to Level 21
2012πŸ› 
Works
1 building permit and 1 certificate Β· about $1.2m of new works
Largest: Stage 1: Internal Demolition - Office fitout Levels 22-24
2011πŸ”„
Use change
Council census records it as office, 26 floors
Name recorded: Twenty8 Freshwater Place
2011πŸ› 
Works
4 building permits and 3 certificates Β· about $1.9m of new works
Largest: Office Tenancy Fitout on part level 7 and level 8
2010πŸ› 
Works
3 building permits and 2 certificates Β· about $2.4m of new works
Largest: Office Fitout Alterations to Level L11 "Cargill Tenancy"
2009πŸ› 
Works
8 building permits and 5 certificates Β· about $14.3m of new works
Largest: Office fitout alterations Levels 17-20
2008πŸŽ‰
Milestone Β· Completed
Twenty8 Freshwater Place completed: 26 floors
Derived from City of Melbourne building census (CLUE) 2024
2008πŸ› 
Works
7 building permits Β· about $9.3m of new works
Largest: Stage 2: Architectural & Services Design disciplines Fitout Alterations to Level L21, L22, L23, L24 28 Freshwater Place, SOUTHBANK
2008πŸ“‹
First census
First council census entry: unoccupied - under construction, 26 floors
2007πŸ› 
Works
1 building permit
Largest: Freshwater Place. Commercial Tower No. 2. Stage 4: Ground Floor to Level 8.
Dec 2006πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
2006πŸ› 
Works
1 building permit Β· about $20.3m of new works
Largest: Freshwater Place, Commercial Tower No. 2 early work. Stage 2: Basement slab.

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 3 (CCZ3)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
LSIO4Land Subject to Inundation: mapped as at risk of flooding from rivers or the bay
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
PS504017
Lots on the plan
2
Owners corporation
Not recorded
Building permits on record
66
Estimated cost of works
About $114.4m
2006New 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

2008Unoccupied - Under Construction Β· 26 floors Β· "Twenty8 Freshwater Place"
2011Office Β· 26 floors Β· "Twenty8 Freshwater Place"

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

Community

What people say about Twenty8 Freshwater Place in public forums and groups, and reviews left here.

No public discussion found yet. Know a thread or group about Twenty8 Freshwater Place? .

Tenant reviews

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Frequently asked questions

Is Twenty8 Freshwater Place residential or commercial?

Twenty8 Freshwater Place is a commercial building. The City of Melbourne lists its main use as office.

When was Twenty8 Freshwater Place built?

Twenty8 Freshwater Place was completed in 2008.

How many floors does Twenty8 Freshwater Place have?

Twenty8 Freshwater Place has 26 floors above ground.

What businesses are in Twenty8 Freshwater Place?

The latest council census counted 15 businesses in Twenty8 Freshwater Place, including Adecco, Aussie Home Loans and BASF Australia Ltd.

Is there office or retail space for lease in Twenty8 Freshwater Place?

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

Who designed and built Twenty8 Freshwater Place?

Bates Smart designed Twenty8 Freshwater Place. The building team section has the sources.

How tall is Twenty8 Freshwater Place?

About 102 metres, measured from the City of Melbourne's 3D building model. It's number 38 of 190 buildings in Southbank by height.

What public transport is near Twenty8 Freshwater Place?

Flinders Street Station is the nearest train station, about 7 minutes' walk. The nearest tram stop is Casino/Southbank/Queens Bridge St #115, about 1 minute's walk.

What is the planning zone for Twenty8 Freshwater Place?

The site is in the Capital City Zone - Schedule 3 (CCZ3).

Does Twenty8 Freshwater Place have an owners corporation?

Plan of subdivision PS504017 has 2 lots.

Has any work been done on Twenty8 Freshwater Place recently?

The City of Melbourne has issued 66 building permits for Twenty8 Freshwater Place since 2006. The most recent was in February 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Twenty8 Freshwater PlaceCommercialβ€”262008
2 Southbank BoulevardCommercial60 m382005
Prima Pearl ApartmentsMixed use82 m732014
Southbank OneMixed use132 m382009
Southbank GrandMixed use149 m442015
WRAP ResidenceHotel147 m432014

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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