After purchase, Stefan added his firm's signature rainbow rings logo to the top of the tower.
On 5 November 2006, Ackerie revealed that the Skyneedle will be technologically overhauled with the additional feature of a sound system.
[3] The Skyneedle, with its new technology, made its debut on Thursday 23 April 2009 but was officially activated on Friday 1 May by Stefan and Channel Nine weatherman Garry Youngberry on the 6pm news.
The new lightshow includes an RGB LED display strip from Italy and a powerful set of German-made spotlights.
In April 2015 Ackerie announced that he was selling the Skyneedle and the surrounding land to Pradella Group who planned to incorporate the tower into a 12-storey residential apartment complex.