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UBS analysts suggest an internal candidate is likely to replace outgoing GPT chief executive Michael Cameron.
They have been pinpointed its chief investment officer Carmel Hourigan, chief financial officer Mark Fookes and head of funds management Nicholas Harris as likely candidates.
An internal succession plan underway for some time needs to be possibly activated given Michael Cameron's exit to Suncorp.
As rumours rise and get shot down, the DEXUS chief executive Darren Steinberg says his group had no interest in merging with GPT.
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jchancellor-FAypfDUnLy

Internal succession likely following Michael Cameron's GPT departure

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Sydney's Burgess Rawson portfolio auction secured $43 million worth of property sales yesterday with yields as low as 4.5%.
Of the 19 NSW properties, auctioneer David Scholes knocked down 11.
<a href="https://www.burgessrawson.com.au/2P0932#.VS3Zy3pMLu0" target="_blank">The Double Bay offering</a> sold to an offshore Chinese buyer for $13.1 million reflecting a yield of 4.8%. There are long standing anchor tenant, ANZ – with options to 2033 on one of the largest blocks of land on 7-9 Knox Street.
The 478 square metre property, still known as Kennedy House, given the retail outlet of the luxury jewellery retailers the Kennedy family.
It has a 778 square metre net lettable area with a value add FSR 2.5:1 potential.
Most of the tenants were on annual 4% rent increases with a current net income of $628,576 per annum plus GST.
Burgess Rawson agent Michael Gilbert marketed the property in conjunction with Allan Levy of Metro Commercial.
Gilbert told the Australian Financial Review a third of contract requests had come from Chinese buyers. 
The ANZ Banking Group initially leased a 372 square metre space from the then landlords Louis Kennedy and Andrew Curtis at $420,000 a year in rent in the late 1980s, in a deal that equated to about $1,130 a square metre.
Mark Foys was previously paying $132,000 a year for the building which had been bought by the Kennedy family in the late 1970s when the rent was $87,000.
Louis Kennedy, the man who brought glomesh handbags to Australia, died in 2008 aged 83.
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Chinese buyer secures Double Bay retail jewel on 4.8% yield

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Melbourne’s World Trade Centre, Tower 4, is almost fully occupied following three new lease deals brokered by Savills Australia.
It has followed a $10 million refurbishment and re-launch.
Clement Lee's Asset1 Group secured leases worth about $650,000 per year in the complex on Melbourne's North Wharf.
Timber plantation company HVP has taken a 733 square metres whole floor.
The English-language training provider SACE has taken 1,000 square metres.
Firelight Technologies has taken 230 square metres.
The deals, negotiated by Savills director Phil Cullity, were struck at net rents of between $320 to $340 a square metre net on five to seven year terms.
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Melbourne World Trade Centre leases take building close to full occupancy

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The historic Sorrento guesthouse Whitehall, near the back beach on the Mornington Peninsula, has been listed for sale.
The 1904 wide-verandaed mansion with iron-lacework has been offered by agent Lloyd Robinson from RT Edgar.
<a href="https://www.realestateview.com.au/Real-Estate/237-ocean-beach-road-sorrento/Property-Details-buy-residential-8630238" target="_blank">The limestone Whitehall</a> was built as one of the grand guesthouses of its day in Edwardian grandeur.
The Herald Sun report buyers are being told it will most likely fetch under $5 million.
The Carlton Football Club held three pre-season camps at the guesthouse, until 2011 when the club headed to a high-altitude academy in Doha.
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Whitehall, the 31 bedroom Sorrento guesthouse, listed

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Hotelier Justin Hemmes has added an inner west suburban waterhole, The Queen Victoria Hotel at Enmore to Merivale Group's burgeoning hotel property portfolio.
It cost $11 million for the 167-169 Enmore Road purchase - Merivale's fourth acquisition in the past 18 months.
The Queens sold off market through JLL Hotels and Hospitality director John Musca. The Browne family had bought for $1.15 million in 1989. Its last sale followed a boost in revenue where to June 1986, four pokie machines earned $26,800, rising with five machines to $105,054 the following year.
It currently has 20 machines.
Last month the group around $50 million for the Newport Arms Hotel on Sydney's northern beaches. 
"It is undoubtedly our most exciting year yet," Justin Hemmes suggested as he advised the 1,000 square metre hotel will be renovated and repositioned as a food-oriented venue with a Hong Kong street food inspired restaurant opening in June.
 
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Justin Hemmes buys Queen Victoria Hotel at Enmore

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The sale of 30 St Mary Axe, otherwise known as The Gherkin, was arguably the most iconic building sold in London, and perhaps the world, during 2014.
Selling agents Savills said it was unique because it was an extremely well-known building internationally, it was 100% leased, 100% income producing, and a triple-net lease which means that all of the costs were covered by the tenants.
"So you could say, as an investment, it was 100%," Savills' Stepehn Down said.
It was, however, quite a complicated asset sale. 
"We had to tailor our campaign carefully so that we could be sure we had reached all the stakeholders out there. 95% of our audience could be reached with a normal campaign but it was the remaining five% that required us to really prove our outstanding global reach," Down said.
"We wanted it to be a swift transaction; we wanted the investors to come in and make their bid on an educated basis so that there were no questions, no conditionality or limited conditionality to their bids.
"We received just over 10 bids. 
"The Gherkin had been valued a year or so previously at about £580 million and we thought that we could get closer to £650 million.
"Eventually The Gherkin was sold for £700 million, exceeding almost everyone’s expectation."
On November 10, 2014, contracts were exchanged on The Gherkin.
<a href="https://www.savills.co.uk/blog/article/185219/commercial-property/how-savills-sold-the-gherkin.aspx" target="_blank">A video produced by Savills </a>explaining the process is viewable on their website.
Photo: Creative Commons
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How Savills International sold The Gherkin

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Confidence around the housing market has deteriorated, according to the Westpac Melbourne Institute Index of Consumer Sentiment.
The index tracking assessment of ‘time to buy a dwelling’ fell by 10% to its second lowest level since November 2010.
"That response is probably being driven by recent price increases in Sydney and Melbourne with respondents assessing that prices have moved too quickly," Westpac chief economist Bill Evans said.
"Certainly, the responses for NSW (down 21.5%) and Victoria (down 8.3%) point to that sentiment."
Despite the weakening confidence around the purchase decision prospects for house prices lifted further. 
The Westpac Melbourne Institute Index of House Price Expectations increased by 2.8%.
Evans noted the Reserve Bank Board next meets on 5 May, one week before the announcement of the Commonwealth Budget.
"On 4 December last year we forecast that the Bank would cut rates twice in two 25bp tranches beginning in February 2015," Evans said.
"We expected, at the time, that because it was clear that a total of at least 50bps would be needed, the second move would come in March.
"Readers will be aware that the Bank is still to deliver the second tranche.
"Delaying the decision until May is consistent with a cautious approach near the end of a long easing cycle.
"The unexpected 21% fall in the iron ore price with its associated implications for the terms of trade and nominal income growth strengthens the case for more rate relief.
"Today’s drop in Consumer Sentiment, well into the range where pessimists outnumber optimists, also supports the case for a further cut.
"We are extremely confident that the Bank will finally deliver the much anticipated second cut of 25bps on 5 May."
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Housing market confidence declines: Westpac consumer index

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McGrath Estate Agents recorded its best month in the company's history during March.
The real estate agency based across New South Wales, Queensland and the ACT turned over more than $1.46 billion in property during March from its 1,281 sales.
It was 14.6% higher that the previous company record of $1.27 billion in November last year.
McGrath Statistics: March 2015.
<img src="/images/2015/04/10/mcgrath%20graphic%20april%2013.jpg" alt="" style="font-size: 12.1599998474121px; line-height: 1.3em;">
Source: Facebook
The March 2015 sales figures covered 62 offices.  
“Typically a surge in supply will bring clearance rates down unless demand is so high that the market can sustain the extra stock," chief executive John McGrath said.
"And that’s what happened in Sydney."  
Sales activity was diverse with 345 sales over $1 million; 124 sales over $2 million and 17 sales over $5 million. 
McGrath reported that 199 (40%) of the company’s Sydney metro auction properties were in the $750,000 to $1.5 million price range, while they recorded 175 properties (35%) went under the hammer in the $1.5 million to $3 million range.   
“We are seeing real strength in the auction method across our eastern seaboard network, particularly in the $750,000 to $1.5 million price bracket where we saw an overall clearance rate of 85%," McGrath said.
“In terms of the most active buyers in today’s market, upgrading couples/families and investors continue to dominate."
Record sales performances in March for the McGrath network were:
 
<ul>
<li>Edgecliff reports $232.2 million (+50% on November 2014)</li>
<li>Lindfield reports $74.8 million (+143% on November 2014)</li>
<li>Mosman reports $65.1 million (+ 87% on November 2014)</li>
<li>Epping reports $55.5 million (+42% on November 2014)</li>
<li>St George reports $54.7 million (+47% on November 2014)</li>
<li>Ettalong reports $12.3 million (+47% on November 2014))</li>
<li>Brighton-le-Sands reports $36.3 million (+14% on November 2014)</li>
<li>Surfers Paradise reports $35.0 million (+101% on November 2014)</li>
<li>Balmain reports $32.3 million (+10% on November 2014)</li>
<li>Menai/Illawong reports $14.6 million (+3% on November 2014)</li>
<li>Wollongong reports $13.2 million (+8% on November 2014)</li>
<li>Bowral reports $11.6 million (+87% on November 2014)</li>
</ul>
 
 
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Record March for McGrath

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A 1926 Hollywood regency style home credited as Australian actor Errol Flynn's former home has been listed for sale at US$5.95 million (A$7.83 million).
It is set in the desirable Bird Streets of the Hollywood Hills with city views to downtown LA.
Listing agents include <a href="https://instagram.com/p/1d-41enLos/" target="_blank">Chad Rogers</a> at Hilton &amp; Hyland.
<a href="https://www.propertyobserver.com.au/https://www.redfin.com/CA/Los-Angeles/9250-Cordell-Dr-90069/home/6835374" target="_blank">Redfin</a> suggest it last sold at US$2.85 million (A$3.75 million) in 2013, then in 2008 at US$2.95 million (A$3.88 million), then US$1.27 million (A$1.67 million) in 2001.
Designer John Elgin Wolfe was responsible for the 1950s makeover of the 1920s Italian-style villa for the late comedian-actor Paul Lynde after Flynn's ownership.
The main floor features silver-leaf wood floors, original marble fireplace, antique chandelier suspended from the high ceilings and five pairs of arched french doors that overlook the city from all terraces.
The entire second floor is a lavish master suite with sitting room with his and hers closets.
There are also two master baths both having walls covered in hand-antiqued mirrors
The pool level features Woolf's signature domed roof cabana and trapezoidal pool.
Owners have included musician Moby and the Alice + Olivia clothing designer Stacey Bendet.
The John Elgin Wolfe-designed home better associated with Errol Flynn is 7740 Mulholland Drive, Los Angeles, which was sold in 1959 for $180,000.
Errol Flynn was born in 1909 in Hobart and died in 1959.
There's a webpage on the Errol Flynn blog devoted to t<a href="https://www.theerrolflynnblog.com/?s=cordell+drive" target="_blank">he addresses with a ink to Errol</a>!
It suggests Flynn bought it for the family of his second wife, Nora Eddingtton.
Specific Addresses Associated with Errol
8946 Appian Way – Tiger Lil’s Lair, On the Crest of Lookout Mountain 4320 Cedarhurst Circle – The Cedars 9250 Cordell Drive – Home Errol Bought for Eddington Family 5930 Franklin Avenue – Chateau Elysee 2000 No. Fuller Avenue – The Pines (Guesthouse) 7245 Hillside Avenue – Reported Residence 6654 Hollywood Boulevard – Walk of Fame Star (Motion Pictures) 7008 Hollywood Boulevard – Walk of Fame Star (Television) 1714 Ivar Avenue – Knickerbocker Hotel 2450 Laurel Canyon Boulevard – Reputed Location for Parties 2451 Laurel Canyon Boulevard – Reputed Location for Parties 7740 Mulholland Drive – Mulholland Farm 1652 North Cherokee Avenue – Boardner’s Bar 601 North Linden Drive – Roz Russel Home, rented by Errol &amp; Niv 801 North Linden Drive – Private Home, Association Unknown to Me 3400 Riverside Drive – Warner Brothers Studios, Burbank 1357 Schuyler Road – Allegedly Built By Errol, But Unconfirmed 1712 South Glendale Avenue – Forest Lawn Memorial Park, Glendale 345 St. Pierre Road – Colleen Moore’s Mansion in Bel Air 1709 Tropical Avenue – Resided with Lili 6525 West Sunset Boulevard – Hollywood Athletic Club 8152 West Sunset Boulevard – The Garden of Allah 8221 West Sunset Boulevard – Chateau Marmont 8245 West Sunset Boulevard – Private Home, Association Unknown to Me 8358 West Sunset Boulevard – Sunset Towers
Locations without Specific Addresses
Balboa Yacht Basin (Newport Beach) Three Arches Beach (Laguna Beach)
 
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Former Hollywood home of Errol Flynn listed

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The Randwick parkside home of Robert Dickerson, one of Australia’s most recognised figurative artists, has been sold at $2.6 million.
Dickerson and his wife, Jennifer were offering their Federation cottage at <a href="https://www.realestate.com.au/property-house-nsw-randwick-119297059" target="_blank">16 Dangar Street</a> complete with professional studio above the garage to concentrate on work from their Nowra district base.
It was listed by the Phillips Pantzer Donnelley agency.
It last traded in 2008 for $1,925,000 when the Dickersons bought it as their Sydney base when not at the Bomaderry farm where the couple have been living for around two decades.
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Artist Robert Dickerson sells Randwick home and studio

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Jonathan Chancellor

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