🏒 CommercialOfficeCompleted 1993

IBM Tower

60 City Road, Southbank VIC 3006

  • 30 floors
  • 21 businesses
  • 205 car spaces

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33 years standing

  1. 1993Completed
  2. 1997Refurbished
  3. TodayStill standing

46 building permits Β· 1 news storyFull timeline ↓

About IBM Tower

IBM Tower is a 30-storey office tower at 60 City Road, Southbank. It was completed in 1993.

At a glance

Key facts

Building type
🏒 Commercial
Completed
1993 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
β€”
Floors
30
Footprint
4,785 mΒ²
Businesses
21
Car spaces
205
Strata plan
PS328901 Β· 1 lots
Planning zone
CCZ3
Permits on record
46

Score cards

πŸš† Transport9/10

Flinders Street Station 3 min walk Β· 6 tram stops within 400 m

β˜• Everyday amenities7/10

51 cafΓ©s, 3 grocers, 4 medical within 250 m

🌳 Greenery8/10

85 street trees within 150 m Β· park 73 m away

✨ Activity8/10

30,270 people pass daily nearby Β· 12 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 IBM Tower.

🏦Co-owner or investorARA Asset Management2016–reportedCurrent Β· 2016- Β· Bought the Southgate Complex from Dexus with its Suntec REIT and a private fundSource: RealCommercial β†—
🏦Co-owner or investorSuntec REIT2016–reportedCurrent Β· 2016- Β· Holds a 50.0% interest in the Southgate Complex , alongside a second 50% fundSource: Suntec REIT β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
3 min Β· 216 m
πŸš†Flinders Street Railway Station
Train station
3 min Β· 270 m
πŸš‹Arts Precinct/St Kilda Rd #14
Tram stop
4 min Β· 282 m
πŸš‹Flinders Street Station/Swanston St #13
Tram stop
4 min Β· 286 m
πŸš‹Elizabeth St/Flinders St #4
Tram stop
4 min Β· 305 m

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

Within a 3-minute walk

51β˜• CafΓ©s & eateries
3πŸ›’ Grocers
1πŸ‹οΈ Gyms
4🩺 Medical
2πŸ’Š Pharmacies
0🧸 Childcare
8🍷 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 IBM Tower

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

Alinta Energy

On Selling Electricity and Electricity Market Operation

Amcor

Polymer Film and Sheet Packaging Material Manufacturing

APA MANAGEMENT SERVICES PTY LTD

Pipeline Transport

Blaze Acumen Chartered Accountants

Accounting Services

Honan Group

Auxiliary Insurance Services

IBM Australia

Computer and Electronic Office Equipment Manufacturing

JB Hi-FI

Electrical, Electronic and Gas Appliance Retailing

Kotra Melbourne

Management Advice and Other Consulting Services

Linkedin Australia Pty Limited

Computer System Design and Related Services

Looking for space in IBM Tower?

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 IBM Tower: listings, news, works, planning and history.

2025πŸ› 
Works
1 building permit Β· about $245k of new works
Largest: Fit-out of Offices - Part Level 10
2023πŸ› 
Works
1 building permit and 3 certificates Β· about $1.1m of new works
Largest: Proposed Minor Office Alterations to Level 21-23
2022πŸ› 
Works
1 building permit and 1 certificate Β· about $947k of new works
Largest: Alterations to existing building
2021πŸ› 
Works
4 building permits and 2 certificates Β· about $821k of new works
Largest: Stage 2: Balance of Works
2020πŸ› 
Works
2 certificates
Largest: Level 9 - IBM Lobby Upgrade Works
2019πŸ› 
Works
2 building permits and 3 certificates Β· about $2.6m of new works
Largest: IMB Stage 3 – Structural
2018πŸ› 
Works
4 building permits and 2 certificates Β· about $2.1m of new works
Largest: IBM - Stage 3 – Remainder of Works
2017πŸ› 
Works
1 building permit and 2 certificates Β· about $425k of new works
Largest: IBM Stage 3 - Southbank Variation - Installation of External Air Louvres for Tenacy Works
8 Aug 2016πŸ“°
News
Dexus sells Southgate Complex, including IBM Tower, to ARA Asset Management for $578 million
Dexus sold the Southgate Complex in Southbank, which includes the IBM Tower and HWT Centre, to Singapore-listed ARA Asset Management for $578 million. The sale was subject to foreign investment review board approval.
2016πŸ› 
Works
4 building permits Β· about $6.2m of new works
Largest: IBM - Levels 13 & 14 - Proposed office tenancy fitout
2015πŸ› 
Works
1 certificate Β· about $12.9m of new works
Largest: Alterations - IBM Tower Southbank 60 City Road Southbank
2014πŸ› 
Works
1 building permit and 2 certificates Β· about $58.7m of new works
Largest: IBM - Stage 2: Level 20 Lobby works only
2011πŸ”„
Use change
Council census records it as office, 31 floors
Name recorded: IBM Tower
2011πŸ› 
Works
1 certificate Β· about $50 of new works
Largest: Construction of Office Fitout and Alterations , Phoned Nepean Building (Gemma) advised Location 6th floor Tenancy 2 60 City Road, IBM Tower
2010πŸ› 
Works
1 building permit Β· about $60k of new works
Largest: IBM - Level 18: proposed office fitout to existing tenancy.
2009πŸ› 
Works
2 building permits Β· about $75k of new works
Largest: Office partition alterations to existing tenancy Level 22. Stage 2: Fitout works.
2007πŸ› 
Works
1 building permit
Largest: Office fitout alterations to an existing building, Level 15. Stage 2: All works to completion.
2006πŸ› 
Works
2 building permits and 1 certificate Β· about $5.6m of new works
Largest: Alteration to an existing building, office fitout level 28. Stage 2: Internal stripout to level 28.
2002πŸ› 
Works
1 building permit Β· about $775k of new works
Largest: Office fitout Level 8
2002πŸ“‹
First census
First council census entry: office, 31 floors
2001πŸ› 
Works
1 building permit Β· about $19k of new works
Largest: Construction of a sign. West of Tenancy C (Podium Level)
2000πŸ› 
Works
6 building permits and 1 certificate Β· about $408k of new works
Largest: Stage 1- Level 10 IBM Tower Office partitions alterations. Partitions
1999πŸ› 
Works
3 building permits and 1 certificate Β· about $2.4m of new works
Largest: Stage 1 - Alterations to levels 13-16
1998πŸ› 
Works
2 building permits Β· about $40k of new works
Largest: Partition alterations to level 5
1997πŸ› 
Works
2 building permits Β· about $945k of new works
Largest: existing bldg, fitout alterations at podium levels 19,21,22,25,27 & 28
1996πŸ› 
Works
4 building permits and 1 certificate Β· about $645k of new works
Largest: Fitout on level 11 Southgate West Tower for Acacia Resources
1995πŸ› 
Works
2 certificates Β· about $585k of new works
Largest: Office fitout to Level 7
1994πŸ› 
Works
1 building permit Β· about $1.2m of new works
Largest: Alterations - Levels 8 & 9 - West Tower - Southgate
1993πŸŽ‰
Milestone Β· Completed
IBM Tower completed: 30 floors
Derived from City of Melbourne building census (CLUE) 2024

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 3 (CCZ3)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO60Design and Development Overlay: limits on building height, setbacks and design
DDO60-A1Design 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
SCO25Specific Controls Overlay: site-specific planning rules, often for a major project

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
PS328901
Lots on the plan
1
Owners corporation
Not recorded
Building permits on record
46
Estimated cost of works
About $98.9m
1994New works by year (estimated)2025

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

2002Office Β· 31 floors Β· "IBM WEST TOWER"
2011Office Β· 31 floors Β· "IBM Tower"

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

Community

What people say about IBM Tower in public forums and groups, and reviews left here.

No public discussion found yet. Know a thread or group about IBM Tower? .

Tenant reviews

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Frequently asked questions

Is IBM Tower residential or commercial?

IBM Tower is a commercial building. The City of Melbourne lists its main use as office.

When was IBM Tower built?

IBM Tower was completed in 1993.

How many floors does IBM Tower have?

IBM Tower has 30 floors above ground.

What businesses are in IBM Tower?

The latest council census counted 21 businesses in IBM Tower, including Alinta Energy, Amcor and APA MANAGEMENT SERVICES PTY LTD.

Is there office or retail space for lease in IBM Tower?

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

Who built IBM Tower?

The building team section lists who's known so far. Builders, architects and developers can claim their role on this page.

What public transport is near IBM Tower?

Flinders Street Station is the nearest train station, about 3 minutes' walk. The nearest tram stop is Arts Precinct/St Kilda Rd #14, about 4 minutes' walk.

What is the planning zone for IBM Tower?

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

Does IBM Tower have an owners corporation?

Plan of subdivision PS328901 has 1 lot.

Has IBM Tower been sold?

In August 2016, Dexus sold the Southgate Complex, which includes IBM Tower, to ARA Asset Management for $578 million.

Has any work been done on IBM Tower recently?

The City of Melbourne has issued 46 building permits for IBM Tower since 1994. The most recent was in July 2025.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
IBM TowerCommercialβ€”301993
Langham HotelHotel0 m201992
SouthgateCommercial5 m26β€”
Quay West ApartmentsCommercial81 m231990
Gallery Tower ApartmentsHotel126 m192002
Mercure SouthbankHotel116 m132002

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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