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IBM Tower

60 City Road, Southbank VIC 3006
Generated 8 November 2026
Commercial · Office
—height
30floors
1993completed
21businesses
46permits

Development milestones

Completed1993IBM Tower completed: 30 floors

Building team

Co-owner or investor
ARA Asset Management
Co-owner or investor
Suntec REIT

Planning & subdivision

Zone
CCZ3
Overlays
DDO1, DDO60, DDO60-A1, LSIO4, PO1, SCO25
Strata plan
PS328901 · 1 lots
Scores
🚆 9 · ☕ 7 · 🌳 8 · ✨ 8

Timeline

20251 building permit · about $245k of new works
Largest: Fit-out of Offices - Part Level 10
20231 building permit and 3 certificates · about $1.1m of new works
Largest: Proposed Minor Office Alterations to Level 21-23
20221 building permit and 1 certificate · about $947k of new works
Largest: Alterations to existing building
20214 building permits and 2 certificates · about $821k of new works
Largest: Stage 2: Balance of Works
20202 certificates
Largest: Level 9 - IBM Lobby Upgrade Works
20192 building permits and 3 certificates · about $2.6m of new works
Largest: IMB Stage 3 – Structural
20184 building permits and 2 certificates · about $2.1m of new works
Largest: IBM - Stage 3 – Remainder of Works
20171 building permit and 2 certificates · about $425k of new works
Largest: IBM Stage 3 - Southbank Variation - Installation of External Air Louvres for Tenacy Works
8 Aug 2016Dexus 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.
20164 building permits · about $6.2m of new works
Largest: IBM - Levels 13 & 14 - Proposed office tenancy fitout
20151 certificate · about $12.9m of new works
Largest: Alterations - IBM Tower Southbank 60 City Road Southbank
20141 building permit and 2 certificates · about $58.7m of new works
Largest: IBM - Stage 2: Level 20 Lobby works only
2011Council census records it as office, 31 floors
Name recorded: IBM Tower
20111 certificate · 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
20101 building permit · about $60k of new works
Largest: IBM - Level 18: proposed office fitout to existing tenancy.
20092 building permits · about $75k of new works
Largest: Office partition alterations to existing tenancy Level 22. Stage 2: Fitout works.
20071 building permit
Largest: Office fitout alterations to an existing building, Level 15. Stage 2: All works to completion.
20062 building permits and 1 certificate · about $5.6m of new works
Largest: Alteration to an existing building, office fitout level 28. Stage 2: Internal stripout to level 28.
20021 building permit · about $775k of new works
Largest: Office fitout Level 8
2002First council census entry: office, 31 floors
20011 building permit · about $19k of new works
Largest: Construction of a sign. West of Tenancy C (Podium Level)
20006 building permits and 1 certificate · about $408k of new works
Largest: Stage 1- Level 10 IBM Tower Office partitions alterations. Partitions
19993 building permits and 1 certificate · about $2.4m of new works
Largest: Stage 1 - Alterations to levels 13-16
19982 building permits · about $40k of new works
Largest: Partition alterations to level 5
19972 building permits · about $945k of new works
Largest: existing bldg, fitout alterations at podium levels 19,21,22,25,27 & 28
19964 building permits and 1 certificate · about $645k of new works
Largest: Fitout on level 11 Southgate West Tower for Acacia Resources
19952 certificates · about $585k of new works
Largest: Office fitout to Level 7
19941 building permit · about $1.2m of new works
Largest: Alterations - Levels 8 & 9 - West Tower - Southgate
1993IBM Tower completed: 30 floors
Derived from City of Melbourne building census (CLUE) 2024

Building permits and certificates (70)

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.

07 July 2025Fit-out of Offices - Part Level 10$245k
15 Dec 2023Proposed Minor Office Alterations to Level 21-23$584k
14 Dec 2023LEVEL 27 MINOR TENANCY ALTERATION WORKS$40k
20 Sept 2023Internal alteration - proposed office fitout$487k
19 Apr 2023Proposed partitions to new office at Level 7 Suite 7.04$17k
30 Dec 2022Alterations to existing building$796k
14 Sept 2022Internal Office Fitout for Kotra$150k
20 Dec 2021Level 26 - Internal alterations & make good works$245k
13 Aug 2021Level 26 - Internal alterations & make good works$245k
05 Aug 2021Stage 2: Balance of Works$395k
30 June 2021IBM - Internal Office Alterations for Stable Financial$62k
11 June 2021IBM - Level 18 - Proposed Internal Non-Structural Office Fitout$119k
18 May 2021IBM - Level 18 - Proposed Internal Non-Structural Office Fitout$119k
10 July 2020Level 9 - IBM Lobby Upgrade Works$0
08 July 2020IBM - Level 6 - Alterations to an Existing Office - Partition Works$0
23 Sept 2019IBM Ground Floor Lobby Refurbishment - STAGE 2- REMAINDER OF WORKS$2.1m
23 Sept 2019IMB Stage 3 – Structural$2.3m
15 May 2019Level 19 IBM Tower - Whole Floor Make Good & Lift Lobby Upgrade Works$278k
21 Jan 2019Level 19 IBM Tower - Whole Floor Make Good & Lift Lobby Upgrade Works$114
21 Jan 2019Level 3 IBM Tower Lift Lobby Upgrade Works$163
30 July 2018IBM - Level 8 - Internal office alterations - Associated Press$56k
01 June 2018IBM - Fitout/Alterations to existing building$110k
06 Apr 2018IBM - Tower 1, Level 8 - Tenancy split$92k
05 Apr 2018IBM - Stage 3 – Remainder of Works$1.9m
14 Mar 2018IBM - Basement P1 & Ground Floor - Stage 2 - Mechanical & Electrical (Above Ground Only) - End of Trip Facility$1.9m
23 Feb 2018IBM - Level 1 Carpark - End of Trip Facility$1.9m
18 May 2017IBM Stage 3 - Southbank Variation - Installation of External Air Louvres for Tenacy Works$12.9m
11 May 2017IBM - Level 5 - Office partition fitout to office$425k
23 Mar 2017IBM - Stage 2 - Internal Tenancy Works to Levels 19, 21-25 and 28-29$12.8m
11 Nov 2016Stage 2 - Celgene Office Fitout - Variation$2.2m
07 Nov 2016IBM - Internal Tenancy Fitout$0
27 Sept 2016IBM - Levels 13 & 14 - Proposed office tenancy fitout$4.0m
29 Aug 2016IBM - Alteration - Level 15, 60 City Road Southbank$2.2m
30 Oct 2015Alterations - IBM Tower Southbank 60 City Road Southbank$126k
27 May 2014IBM - Base Building Refurbishment$371k
21 Mar 2014IBM - Stage 2: Level 20 Lobby works only$58.3m
21 Jan 2014IBM - Alterations to existing office - all parts$43k
08 Dec 2011Construction of Office Fitout and Alterations , Phoned Nepean Building (Gemma) advised Location 6th floor Tenancy 2 60 City Road, IBM Tower$50
17 May 2010IBM - Level 18: proposed office fitout to existing tenancy.$60k
14 Jan 2009Office partition alterations to existing tenancy Level 22. Stage 2: Fitout works.$75k
09 Jan 2009Office partition alterations to existing tenancy Level 22. Stage 1: Internal non load-bearing demolition works only.$75k
19 Mar 2007Office fitout alterations to an existing building, Level 15. Stage 2: All works to completion.$1.1m
07 Dec 2006Office fitout alterations Level 10$195
12 Oct 2006Office fitout alterations to an existing building, level 15. Stage 1: Internal stripout works only.$1.1m
22 Sept 2006Alteration to an existing building, office fitout level 28. Stage 2: Internal stripout to level 28.$4.5m
23 Aug 2002Office fitout Level 8$775k
08 Nov 2001Construction of a sign. West of Tenancy C (Podium Level)$19k
15 Sept 2000office fitout to existing building level 8$100k
01 May 2000Stage 1- Level 10 IBM Tower Office partitions alterations. Partitions$105k
15 Apr 2000Office fitout on level 16$89k
06 Apr 2000Level 9 Office partition alterations$17k
24 Mar 2000Partition alteration on level 10$61k
16 Mar 2000Partition alterations on level 7$36k
18 Feb 2000Stage 3 - Fitout works to level 28$1
13 Dec 1999Stage 2 - Alterations to existing building incorporating fitout works to level 27$1
01 Nov 1999Stage 1 - Alterations to levels 13-16$1.5m
03 Sept 1999Alterations to offices. Level 12$600k
10 June 1999Refurbishment to accommodate office usage at L29, IBM Tower, 60 City Road, Southgate$300k
20 Nov 1998Partition alterations to level 5$35k
29 May 1998Alterations on level 8$5k
09 Dec 1997variation of office layout on Level 8$216k
06 May 1997existing bldg, fitout alterations at podium levels 19,21,22,25,27 & 28$729k
13 Nov 1996Fitout on level 11 Southgate West Tower for Acacia Resources$340k
15 Aug 1996Proposed office fitout Level 12$150k
20 May 1996Office fitout for Hopkins Property Pty Ltd. Level 12 - IBM Tower$40k
10 May 1996Office partition alterations Level 10$15k
12 Jan 1996Office fitout Level 10$100k
02 June 1995Office fitout to Level 7$510k
24 Feb 1995Alterations to an existing building. Tenancy fitout for Boole & Babbage. Level 10. West Tower$75k
05 Dec 1994Alterations - Levels 8 & 9 - West Tower - Southgate$1.2m

Questions and answers

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.

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)). General information from public records, not legal, financial or building advice.

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