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International insurance and warranty specialists The Warranty Group will make 693 Burke Road in Melbourne's Camberwell its new Australian headquarters after signing a lease for 1,100 square metres in the building.  
The group, which has offices throughout North America, Latin America, Europe and Asia, has taken a lease over levels 2 and 3, at about $360 per square metres. Fitzroys agents Martin Huang and Peter Weatherby negotiated the lease.  
The Warranty Group specialises in the underwriting, administration and marketing of insurance and extended warranty programs for manufacturers, retailers and distributors of consumer electronic, domestic appliances, vehicles, financial services products such as credit protection insurance.  
In a separate deal in the building, around 164 square metres of office space was leased to professional recruitment services group Staff Aid at a rent of $360 per square metre.  
The agents said a remaining area of 340 square metres is available for lease in the building.
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The Warranty Group to make Camberwell, Victoria their new Australian headquarters 

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Life insurance group AIA Australia has leased about 7,000 square metres of office space on Melbourne's St Kilda Road, in one of the biggest leasing deals done in the precinct in the past year.
Under the deal, AIA Australia has agreed to a 10-year lease over levels 5, 6 and mezzanine Level 7, at 509 St Kilda Road. The lease also incorporates exclusive naming rights, main building signage rights and 85 car bays.
AIA Australia is currently located, at 553 St Kilda Rd.
The building is owned by a fund managed by Calibre Capital and the lease was negotiated by Colliers International’s Ben Christie.
“St Kilda Road still offers exceptional value in terms of the quality of building that can be obtained so close to the CBD and this made 509 St Kilda Road an excellent value proposition for AIA Australia," said Mr Christie.
As part of the lease agreement, Calibre Capital will demolish all existing fit outs in AIA’s tenancy areas and refurbish with new ceiling grid, light fittings, carpet and paint work. The lift lobbies will also be refurbished, as well as the male and female amenities.
AIA Australia joins Transfield, Fuji Xerox and Webjet in the building.
The space AIA is moving into was previously occupied by MLC, which vacated about 11,500 square metres in December.
“The 11,500 square metre vacancy at 509 St Kilda Road had the potential to create a significant spike in vacancy in the precinct, however the lease to AIA, along with previous commitments in the building to ASX-listed companies Webjet Limited (1,670 square metres ) and Transfield Services (3,378 square metres) means that figures will remain relatively stable,” Mr Christie said.
Colliers is forecasting vacancy on St Kilda Road to peak at 11.43% in July 2014, then gradually trend down.  
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AIA Australia lease 7,000 square metre St Kilda Road office

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Furniture and homewares retailer Early Settler has continued its national push, this time securing a 1,307 square metre lease in the Hunter Supa Centre at Rutherford, in the lower hunter region of NSW.
Early Settler has agreed to a five lease, with a further five year option, at a gross at a gross annual rental of $200,000 per year.
The centre - owned by Brisbane-based Sentinel Property Group - is now more than 85% leased by national tenants such as Fantastic Furniture, Petbarn, Betta Electrical, Loot Homewares, The Outdoor Furniture Specialists, Bubs Baby Shops, Plush, Genesis Fitness and Repco.
The Hunter Supa Centre is located, at 343 New England Highway in Rutherford and is set on a 50,690 square metre site fronting the highway. It features three separate buildings with a total lettable area of 19,768 square metres plus 438 parking bays.
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Early Settler continues national push securing Rutherford lease

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Three strata factory units at Maddington in Perth’s south-east have fetched a combined 1.17 million.
The three units, located at 2-4/20 Alloa Road, were each sold for $390,000 and according to selling agent Jeremy Parasiliti of Ray White Commercial Perth, the properties sold within weeks of being listed for sale.
The units ranged in size from about 200 square metres to 221 square metres.
“The properties are located just 18 kilometres from Perth’s CBD in a popular industrial region which is scheduled for further expansion under plans prepared by the city of Gosnells", said Mr Parasiliti.
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Three Maddingon, Perth strata factory units fetch combined $1.17 million

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Knight Frank has strengthened its industrial team in Western Sydney, making two key appointments.
It has appointed Mr Arland Domingo as a director and Mr Ryan Carey as a manager. Both will be based in Parramatta.
Mr Domingo joins the firm with over 22 years’ experience in property. Prior to Knight Frank, he was with Jones Lang LaSalle for 10 years and worked across several roles such as the head of the metro leasing team and as a director on the industrial and business parks teams.
Mr Carey brings with him over seven years of experience in the industrial market after working across the North Shore and the Western Sydney industrial markets whilst at Jones Lang LaSalle.
Knight Frank’s Managing Director – Western Sydney, Mr Derek Erwin said, “We are excited to have both Arland and Ryan join our team at a time when the Western Sydney industrial market is continuing to undergo significant growth.
“Discussions regarding the second Sydney airport at Badgerys Creek are currently hot on the agenda. If approved, this will have a substantial impact on the industrial market in Western Sydney, especially if the new airport is approved to operate as a freight hub,” added Mr Erwin.
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Knight Frank makes two key appointments to Sydney industrial team

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Investor appetite for retail investment assets shows no signs of waning this year, with more than $10 billion worth of funds from local and offshore players ready to be invested.
It follows a year of record turnover for the retail investment market, which saw more than $7 billion worth of stock changes hands. The previous high was $6.5 billion in 2012.
The figures were released in the latest Jones Lang LaSalle annual Australian Shopping Centre Investment Review and Outlook Report for 2014, which attributed portfolio re-weighting, capital partnering and deep liquidity in capital markets for driving activity to the new heights.
Volumes for three of the five traditional retail formats hit record highs in 2013 - sub-regional ($1.8 billion), neighbourhood ($1.2 billion) and bulky goods ($ 1.1 billion), "reflecting the ‘capital cascading effect’ from major assets into portfolios of smaller format shopping centres," the report said.
Investment demand is expected to remain just as strong this year.
"2014 is going to be another highly active year with significant and on-going market liquidity providing a conducive environment for strong levels of retail transaction activity to continue," said JLL head of retail investments for Australasia, Simon Rooney.
"The volume of capital seeking retail investments is significant, and currently exceeds the level of stock available.
"We are managing over $10 billion of investor mandates from domestic and offshore sources, approximately half of which is seeking a passive joint venture position."
Several key trends are expected to characterise the investment market in 2014. Among them, said the report, was persistent demand from major unlisted funds and superannuation funds, continuation of the cascading effect into various retail formats, more capital partnering to facilitate offshore investor demand and a wider variety of structures to joint venturing.
A-REITs could also continue to refine and re-weight their portfolios while making selective and strategic acquisitions.
"As we move into the next phase of the investment cycle, availability of core product is likely to become more tightly held and we expect investors will need to become more aggressive in their approach to secure major high quality retail assets," said the report.
"Pricing will therefore become more competitive and this is forecast to translate into yield compression for core quality assets.
"With a broader buyer pool targeting secondary assets, yields are likely to stabilise in line with underlying asset performance."
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More than $10 billion set to be invested in retail assets over 2014

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Dexus Property Group today confirmed it was on track to achieve its market guidance for full year earnings, after unveiling a solid interim net profit lift of 3.8%.
The listed property group delivered a net profit of $277.2 million for the six months to December.
Earlier this year, Dexus beat rivals GPT to take over the $3 billion Commonwealth Property Group with partners, the Canadian Pension Plan Investment Board.
Funds from operations (FFO) jumped to $189.8 million, representing 4.08 cents per security - up 6% on the previous corresponding period.
Dexus chief executive Darren Steinberg said: "While it was a busy period undertaking the CPA transaction, we maintained our focus on driving returns from our existing portfolio, delivering a solid operational result which sees us on track to achieve our upgraded FY14 guidance.
“The valuation gains in our office portfolio primarily drove a 3.0 cent increase in NTA per security to $1.08, reflecting the positive impact of leasing success on capital values and reinforcing the importance of securing strong tenant covenants."
Looking ahead, Mr Steinberg said DEXUS was "well-positioned to capture the improvements in office and industrial markets which we anticipate to occur in FY15."
He said the company was confident of achieving its market guidance for earnings or FFO for the 12 months ending 30 June 2014 of 8.29 cents per security. Dexus was targeting an FY14 distribution payout ratio of "75% of FFO in line with free cash flow, delivering an expected distribution of 6.24 cents per security.”
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Dexus Property Group on track to achieve market guidance for full year earnings

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Fears that demand for office space in Australia's capital cities could be crunched by the next generation workplace model - activity based working - are overstated, a new report has found.
Even the Sydney CBD office market, which is tipped to be the most exposed to activity based working (ABW), is showing only a gradual up take of this next generation trend, according to the report from Jones Lang LaSalle and the Property Council of Australia's NSW division.
<img src="/images/stories/2014/02/12/comm_feb_12_one.jpg" width="470" height="541" alt="comm_feb_12_one">
The findings were revealed in their 20 page report - Activity Based Working: Impact on the Sydney CBD Office Market - which looked at the impact of the workplace concept on office markets. Essentially, ABW allows employees to work on projects in a shared environment rather than individual cubicles.
Their analysis found that AWB is gaining momentum with large corporate tenants and some highly compatible industries like finance and insurance.  As such, a market like the Sydney CBD, which has a high concentration of finance and insurance tenants, was likely to be the most exposed market nationally to the trend, it said, while adding that the stock profile was another factor. Nearly 38% of the stock in the Sydney CBD is more than 5,000 square metres.
Significantly, the report also pointed out that the nature of lease expiry and natural tenant growth meant that the impact of ABW on market dynamics were "relatively gradual, even under higher take-up scenarios".
<img src="/images/stories/2014/02/12/comm_feb_12_two.jpg" width="470" height="377" alt="comm_feb_12_two">
JLL director of research and author of the report, Leigh Warner, said ABW was typically taken up only at lease expiry. "Only around 15% of leases expire in any particular year, and the evidence to date suggests that firms have initially been relatively conservative in judging the space that they have taken upon moving to ABW", he said. "This means that the initial impact on market demand is minimal, and it will only be gradual over the term of new leases as firms accommodate natural growth within their fit out – rather than taking new space."
Under a mid-range take-up scenario, said PCA NSW executive director Glenn Byres the "Sydney CBD is estimated to see a reduction in net absorption over the next decade of just over 100,000 square metres, or 16% relative to a base case."
Those numbers, he said, also suggest AWB would have a limited influence on the future growth and supply requirements of Sydney's CBD office market.
"There is no question that ABW is a concept that is here to stay in one form or another, and that it will have an impact on the market," added  Mr Warner. "However, the analysis undertaken clearly shows that impact is far from devastating on the market, even under high take-up assumptions."
The report concluded by saying that ABW was likely to be a trend that "will increasingly have an impact on office markets across Australia over the next decade", even though the portion of tenants that ultimately adopt ABW was still "very ambiguous".
"Regardless of the size of the eventual impact of ABW, the impact will be relatively slow over a period of 10 to 15 years," it said.
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Fear of activity based working impact overstated: Jones Lang LaSalle report

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<img style="display: block; margin-left: auto; margin-right: auto;" alt="ray-white-commericla-logo" height="23" width="200" src="/images/stories/2014/02/11/ray-white-commericla-logo.jpg">
Agent: Jeremy Piggin<img style="float: right;" alt="JeremyPiggin-feb-11-profile-two" height="150" width="125" src="/images/stories/2014/02/11/JeremyPiggin-feb-11-profile-two.jpg">
Position: Director, office leasing Sydney
Company: Ray White Commercial
Office Location: King Street, Sydney      
How long have you been in the industry?
12 years.     
What’s happening in the area you specialise in?
I specialise in office leasing in the Sydney CBD. In addition to a number of buildings undergoing major redevelopment within the CBD core, we have Barangaroo coming online in the next couple of years which, once fully committed ,will create a large amount of back fill space in many A grade and B grade assets. Being a leasing agent in the CBD will be interesting times in the next few years.    
Describe the most interesting property you have leased?
Without a doubt it would have to be the Museum Of Contemporary Art.
Upon completion of the $53 million upgrade we were appointed on the office project leasing.
It was a fantastic project to be apart of as I got to visit my favorite art gallery nearly every day for meetings and inspections.
We leased a total of nearly 2,000 square metres to the Australian Olympic Committee and a financial consulting firm.    
What are the ingredients to being successful in your job?
You need to have great communication skills, willing to be persistent and over service your clients.
Also, its very important to quickly create rapport with prospective tenants.
It's been a tenant market in the CBD post-GFC, meaning tenants have been spoilt for choice for office space.
It's important that when you receive the inquiry that you maintain control of that inquiry.    
What aspects of your role do you enjoy the most?
- Meeting different people daily
- Not being confined to my desk all day
- Thrill of the chase
- The feeling of achievement once a deal concludes    
Where would you invest a spare $750,000?
I'd buy a little beach shack up the coast, something that can be renovated over the years.    
Which football team do you support?
The mighty Roosters!    
What’s your favourite app or techno gadget?
Probably my iPad. Use it every day  
How do you use social media?
I like <a target="_blank" href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/jeremy-piggin/14/617/188">LinkedIn</a> for connecting with people on a professional level and posting achievements.
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In profile: Ray White Commercial's director of office leasing, Sydney, Jeremy Piggen

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A retail building in Sydney's prominent high street of Oxford Street in Paddington has been offered for sale.
Constructed in 2000, the 255C Oxford Street property is a modern two-level building, comprising four ground level retail shops and first floor retail/commercial space.
The property is anchored by national retailers Country Road, which accounts for 55% of income, as well as Zomp, 2XU and Toni &amp; Guy.
The 1,946 square metre building is situated on the southern side of Oxford Street and sits prominently within the iconic Oxford Street Paddington retail strip. It has an estimated fully leased net income of $1,200,000.
Knight Frank is the marketing agent.
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Oxford Street retail building offered for sale

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

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Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Katherine Jimenez

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