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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

Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Katherine Jimenez

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