Southgate Complex
Property Statistics
As at 31 December 2024
Market Valuation
S$284.3
million1,2,3
Total Net Lettable Area
0.4 million sq ft1
Office: 0.35 million sq ft
Retail: 0.05 million sq ft
Committed Occupancy
JV Income
S$2.5
million4
Location |
40 and 60 City Road, 3 Southbank Avenue, Southbank, Melbourne, VIC 3006, Australia |
Ownership Interest |
50.0% |
Title |
Freehold |
Purchase Price |
S$299.8 million5 |
Car Park Lots |
975 |
Notes:
- Reflects Suntec REIT's interest in the property.
- Based on valuation as at 31 December 2024.
- Based on exchange rate of A$1.00 = S$0.8478 as at 31 December 2024.
- Based on exchange rate of A$1.00 = S$0.8804.
- Based on an exchange rate of A$1.00 = S$1.0615 and A$1.00 = S$1.013 being the exchange rates at the time of acquisitions.
Southgate Complex is a landmark waterfront integrated development comprising two Grade A office towers, the 30-storey “IBM Tower”, the 25-storey “HWT Centre”, a 3-storey retail podium and a car park with 975 lots.
The development is located alongside the Yarra River and is directly opposite Flinder's Street Station.