That's Built · Building report

Twenty8 Freshwater Place

28 Freshwater Place, Southbank VIC 3006

Generated 8 November 2026
Commercial · Office

102 mheight

26floors

2008completed

15businesses

66permits

Development milestones

Construction started	Dec 2006	First major construction permit issued
Completed	2008	Twenty8 Freshwater Place completed: 26 floors

Building team

Co-owner or investor: GPT Wholesale Office Fund
Co-owner or investor: Frasers Property Australia
Architect: Bates Smart
Owner: JPMorgan Asset Management (Asia Pacific property fund)
Sales agent: JLL

Planning & subdivision

Zone: CCZ3
Overlays: DDO1, DDO10, LSIO4, PO1
Strata plan: PS504017 · 2 lots
Scores: 🚆 6 · ☕ 7 · 🌳 8 · ✨ 5

Timeline

20261 building permit and 1 certificate · about $510k of new works
Largest: L21 McCain - Stage 2 Fitout of office area

20256 building permits and 4 certificates · about $7.8m of new works
Largest: L21 McCain - Stage 3 Fitout of test kitchen

20243 building permits and 6 certificates · about $11.4m of new works
Largest: L22-23 SAP Fitout

20236 building permits and 4 certificates · about $15.6m of new works
Largest: 28FWP Ground Floor Lobby Alterations | Alterations to an Existing Building

20221 building permit and 1 certificate · about $9.2m of new works
Largest: Alterations to existing building – Fitout & new interconnecting stair to office tenancy on levels 13 & 14

20211 building permit · about $836k of new works
Largest: Level 17 - JP Morgan Office Fitout - Alterations to an Existing Building

5 Mar 2020JPMorgan 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.

20202 building permits and 2 certificates · about $8.4m of new works
Largest: CPA Level 17-20 - Fitout Including Interconnecting Stair

20194 building permits and 3 certificates · about $5.3m of new works
Largest: Basement 1 - FWP2 End of Trip Alterations

20183 building permits and 4 certificates · about $2.4m of new works
Largest: Level 16 - FWP2 Adecco Office fitout - Strip out works only

20171 building permit · about $396k of new works
Largest: Stage 1: Strip Out Works Only - Level 7 - Leo Burnet Office Fitout

29 Aug 2016JPMorgan 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.

20161 building permit and 2 certificates · about $1.8m of new works
Largest: Levels 13-15 Office Fitout Works

20155 building permits · about $891k of new works
Largest: Level 7 - Leo Burnett Office Tenancy Fitout

20143 building permits · about $448k of new works
Largest: Level 11 Internal Fit Out of Existing Office Tenancy

20132 building permits · about $110k of new works
Largest: Office Partition Fitout to Level 21

20121 building permit and 1 certificate · about $1.2m of new works
Largest: Stage 1: Internal Demolition - Office fitout Levels 22-24

2011Council census records it as office, 26 floors
Name recorded: Twenty8 Freshwater Place

20114 building permits and 3 certificates · about $1.9m of new works
Largest: Office Tenancy Fitout on part level 7 and level 8

20103 building permits and 2 certificates · about $2.4m of new works
Largest: Office Fitout Alterations to Level L11 "Cargill Tenancy"

20098 building permits and 5 certificates · about $14.3m of new works
Largest: Office fitout alterations Levels 17-20

2008Twenty8 Freshwater Place completed: 26 floors
Derived from City of Melbourne building census (CLUE) 2024

20087 building permits · 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

2008First council census entry: unoccupied - under construction, 26 floors

20071 building permit
Largest: Freshwater Place. Commercial Tower No. 2. Stage 4: Ground Floor to Level 8.

Dec 2006First major construction permit issued
Derived from City of Melbourne building permits

20061 building permit · about $20.3m of new works
Largest: Freshwater Place, Commercial Tower No. 2 early work. Stage 2: Basement slab.

Building permits and certificates (102)

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.

29 July 2026	L21 McCain - Stage 2 Fitout of office area	$4.1m
03 Feb 2026	Level 6 - 28FWP - Office Alterations	$510k
10 Dec 2025	Level 22 – Intertenancy Wall Alteration	$208k
01 Dec 2025	28FWP L17 - Alterations	$184k
01 Dec 2025	Level 10 - Lendi Fitout - Alterations to existing Building	$375k
29 Oct 2025	Level 7 & 10 - Back to Base - Alterations to exsisting building	$769k
02 Sept 2025	Level 15 - 28FWP Servcorp	$832k
16 July 2025	28FWP L10, 12 & 16 Lobby and Amenities \| L10, 12 & 16 lift and lobby alterations	$593k
07 July 2025	Spec suite and tenancy split	$791k
15 May 2025	L21 McCain - Stage 3 Fitout of test kitchen	$4.1m
22 Apr 2025	L21 McCain - Stage 2 Fitout of office area	$4.1m
08 Apr 2025	L21 McCain - Fitout of new tenancy in existing office building	$4.1m
29 Nov 2024	Level 23 - 28FWP SAP Phonebooths - Installation of Phone Booths	$111k
02 Sept 2024	Level 7 - Intertenncy Wall Alterations to an existing building	$134k
06 Aug 2024	Level 22 - Cold Shell Works	$395k
12 July 2024	Level 6 & 7 - Alterations to an existing building - Publicis Relocation of Comms Room	$709k
02 July 2024	Level 6 & Level 7 Lift and Lobby Amenities Upgrades	$393k
03 May 2024	Level 15 -Stage 2: Remainder of building works	$1.5m
03 May 2024	Stage 1 - Level 15 - Strip out of floor level excluding fire and hydraulic services	$1.3m
29 Feb 2024	Level 21 - Alterations to an existing building	$794k
26 Feb 2024	L22-23 SAP Fitout	$6.0m
02 Nov 2023	28FWP Ground Floor Lobby Alterations \| Alterations to an Existing Building	$8.4m
02 Nov 2023	28FWP Ground Floor Lobby Alterations \| Stage 2: All remaining works excluding cladding finish on existing structural columns	$8.4m
28 Aug 2023	28FWP L24 Lobby & Amenities Upgrade	$186k
03 Aug 2023	28FWP L22 Tenancy Split and Make Good Works	$395k
28 June 2023	Level 22-23 Lobby & Amenities Upgrade	$390k
22 May 2023	Level 23 - Back to Base and Make Good	$400k
15 Mar 2023	Stage 2: Level 24 - MMG fit out Remainder of Works	$2.5m
07 Mar 2023	28FWP L24 Lobby & Amenities Upgrade	$186k
15 Feb 2023	28FWP Ground Floor Lobby Alterations \| Stage 2: All remaining works excluding cladding finish on existing structural columns	$8.4m
06 Feb 2023	Level 24 - Demolition/Strip-out of existing tenancy	$3.2m
23 Dec 2022	Alterations to existing building – Fitout & new interconnecting stair to office tenancy on levels 13 & 14	$8.4m
25 Nov 2022	Lift Lobby and Amenities Alterations	$797k
16 Apr 2021	Level 17 - JP Morgan Office Fitout - Alterations to an Existing Building	$836k
03 July 2020	CPA Level 17-20 - Fitout Including Interconnecting Stair	$8.3m
29 June 2020	Level 22 - MMG Stair Enclosure	$27k
14 Feb 2020	CPA Level 17-20 - Fitout Including Interconnecting Stair	$8.3m
09 Jan 2020	Level 11 - Cargill Alteration	$40k
16 Sept 2019	28FWP L6 - Publicis office fit out	$1.3m
16 Aug 2019	Level 21 - WSP Fitout	$400k
04 June 2019	FWP2 Leo Burnett Office Fitout, Level 7 - Stage 2: Balance of works	$550k
18 Apr 2019	FWP2 Leo Burnett Office Fitout, Level 7	$880k
04 Apr 2019	Basement 1 - FWP2 End of Trip Alterations	$2.3m
08 Mar 2019	Level 12 - BAFS office tenancy Fitout	$408k
14 Jan 2019	CPA, Level 18 - Minor Alterations	$31k
12 Dec 2018	GROUND FLOOR CAFÉ - Cote Terra Adicion Café Fitout	$45k
10 Aug 2018	Level 10 Make-Good Works	$200k
27 July 2018	Level 16 - FWP2 Adecco Office fitout - Strip out works only	$1.5m
31 May 2018	Level 16 - FWP2 Adecco Office fitout - Strip out works only	$1.5m
21 May 2018	Stage 1 - Strip Out Works - Level 7 - FWP2 Leo Burnett fitout	$450k
23 Apr 2018	Level 11 (part) - 28FWP, Cargill tenancy alterations	$121k
14 Feb 2018	Stage 2: To Completion	$396k
14 Dec 2017	Stage 1: Strip Out Works Only - Level 7 - Leo Burnet Office Fitout	$396k
01 Dec 2016	Levels 13-15 Office Fitout Works	$1.6m
13 Sept 2016	Level 21 - BPM Office alterations	$10k
24 Aug 2016	Level 21 Office Fitout - MWH Tenancy	$120k
21 Oct 2015	Level 8 Mezzanine	$20k
15 Sept 2015	Level 22 - MMG Office Tenancy Fitout	$40k
20 Aug 2015	Heinz Level 8 Make-Good Works	$331k
23 July 2015	Level 7, Mediavest Office Tenancy Fitout	$100k
10 June 2015	Level 7 - Leo Burnett Office Tenancy Fitout	$400k
10 Sept 2014	Level 11 Internal Fit Out of Existing Office Tenancy	$288k
14 Aug 2014	Level L20, Office Tenancy Alterations - CPA Tenancy	$80k
06 Feb 2014	Lvl 23, office fitout & alterations to an existing building	$80k
22 May 2013	Office Partition Fitout to Level 21	$75k
24 Apr 2013	Level L9 Tenancy Office Fitout Alterations (Linkedin)	$35k
14 Sept 2012	Office partition fitout to level 21	$30k
26 Mar 2012	Stage 1: Internal Demolition - Office fitout Levels 22-24	$1.2m
26 Oct 2011	Office alterations to Level 11	$115k
21 July 2011	Alterations to Existing Offices on Level 13	$50k
21 July 2011	Alterations to Existing Offices on Level 13 - Variation to correct address.	$0
18 July 2011	Office Tenancy Fitout on part level 7 and level 8	$1.5m
27 May 2011	LEVEL 23 - OFFICE FITOUT AND ALTERATIONS TO EXISTING BUILDING	$20k
13 Apr 2011	OFFICE ALTERATIONS	$200k
05 Apr 2011	ALTERATIONS TO OFFICE LEVEL 19	$87k
07 Sept 2010	PROPOSED OFFICE FITOUT TO EXISTING TENANCY - LEVEL 10	$187k
14 May 2010	Construction of a store room at Bocatta Cafe	$4k
02 Mar 2010	Stage 2-VM Ware Tenancy - Office Fitout Alterations to Level L7	$1.0m
26 Feb 2010	VM Ware Tenancy - Office Fitout Alterations to Level L7	$1.0m
22 Jan 2010	Office Fitout Alterations to Level L11 "Cargill Tenancy"	$1.2m
11 Dec 2009	Level 13, 14, 15	$2.7m
04 Nov 2009	Office fitout alterations Levels 17-20	$7.3m
27 Oct 2009	Office fitout alterations Levels 17-20. Amendment (new building permit no)	$7.3m
09 Sept 2009	Fit out to Cafe- Boccata Cafe- 28 Freshwater Place Southbank	$300k
04 Sept 2009	Office fitout alterations Level 12 BASF Tenancy	$836k
09 July 2009	Office fitout alterations Level 16	$750k
10 June 2009	Office Fitout Alterations to L22 "OZ Minerals Tenancy" - Stage 2: Architectural & Services Design Disciplines	$150k
03 June 2009	Office Fitout Alterations to L22 "OZ Minerals Tenancy"	$150k
04 May 2009	Office tenancy fitout works to Level 6 (Mojo & Starcom)	$2.2m
08 Apr 2009	Level LG Boccata Cafe kitchen exhaust	$100k
24 Feb 2009	Stage 2: 'Leo Bumett' tenancy fitout works to Level 7	$2.2m
12 Feb 2009	Stage 3: Structural Design for Stair Penetrations.	$6.5m
10 Feb 2009	Office tenancy fitout works to Level 6 (Mojo & Starcom) Stage1	$2.2m
19 Dec 2008	Office Fitout Alterations to Levels L8, L9, L9a (Mezzanine) Nexus Energy Tenancy - Stage 2: Fitout works to Level 8, Level 9 & Level 9a Mezzanine.	$2.6m
19 Dec 2008	Stage 2: Architectural & Services Design disciplines Fitout Alterations to Level L21, L22, L23, L24 28 Freshwater Place, SOUTHBANK	$6.5m
11 Dec 2008	Separating Wall to Level L9 Plantroom 28 Freshwater place	$20k
10 Dec 2008	Office Fitout Alterations to Levels L8, L9, L9a (Mezzanine) Nexus Energy Tenancy - Stage 1: Level L9 Stair Penetration works	$2.6m
19 Nov 2008	Inter-tenancy works to Level 7 & L10 28 Freshwater Place, Southbank	$250k
17 Nov 2008	Stage 1: Structural Design Penetrations Fitout Alterations to Level L21, L22, L23, L24 28 Freshwater Place, SOUTHBANK	$5.7m
17 June 2008	Freshwater Place. Commercial Tower No. 2. Stage 6 - Structural Discipline: Level 25 Roof and Roof/Miscellaneous Steelwork	$0
06 Aug 2007	Freshwater Place. Commercial Tower No. 2. Stage 4: Ground Floor to Level 8.	$20.3m
22 Dec 2006	Freshwater Place, Commercial Tower No. 2 early work. Stage 2: Basement slab.	$1.0m

Questions and answers

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.

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.