Southgate Complex

Property Statistics As at 30 September 2019
Market Valuation
Market Valuation
S$340.1 million1,2,3
Total Net Lettable Area
0.4 million sq ft1
Office: 0.35 million sq ft
Retail: 0.05 million sq ft
Commited Occupancy
Committed Occupancy
Net Property Income
Net Income Contribution
S$12.9 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 1,026


  1. Reflects Suntec REIT's interest rate in the property.
  2. Based on the valuation as at 31 December 2018.
  3. Based on the exchange rate of A$1.00 = S$0.9331.
  4. Based on the exchange rate of A$1.00 = S$0.9523.
  5. 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 1,026 lots.

The development is located alongside the Yarra River and is directly opposite Flinder's Street Station.