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A fully leased industrial property near the Perth domestic airport has sold for $7.81 million.
Set on a 1.83 hectare site with a total building area of about 2,900 square metres, the 4 Koojan Road property in the South Guildford industrial precinct was sold onbehalf of publicly-listed mining services company Emeco.
The sale and five-year leaseback transaction reflected a yield of 8%.
The property was sold by Savills WA Industrial Director James Condon.
“The size and positioning of this property, as well as the security of the leaseback opportunity, made it a very rare freehold investment offering in Perth’s tightly held industrial market,” said Mr Condon.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Fully leased industrial property near Perth airport sells for $7.81 million

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A local investor has picked up a freehold commercial property at Cooroy on the Sunshine Coast for $802,890.
The 3 Johnson Court property sits on an area of 4866 square metres and sold on a yield of about 6.25%.
<img alt="cooroy_dec_11_one" height="353" width="470" src="/images/stories/2013/12/11/cooroy_dec_11_one.jpg">
Selling agent John Petralia of Ray White Commercial Noosa said the property had multiple tenants and generated income of about $50,000 per annum.
“This is the first industrial property sold in the Cooroy area since 2009,” he said.
<img alt="cooroy_dec_11_two" height="353" width="470" src="/images/stories/2013/12/11/cooroy_dec_11_two.jpg">
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Cooroy sees first industrial property sale in four years

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A three storey retail building in the heart of the Brisbane CBD has sold under the hammer for $6 million.
Tenanted by popular new Asian restaurant, the Malaya Corner, the property at 157-159 Elizabeth Street, Brisbane, attracted five bids at the auction before being snapped up by a local private investor.
Malaya Corner is one of three tenants in the building. It also houses the established Maru Korean restaurant on the first floor and the lower ground floor tenancy is occupied by the City Camping and Disposals store.
Ray White Commercial Queensland director of sales, John Dwyer, sold the property on behalf of private investors, who have owned the property since 1980.
Mr Dwyer said the building offered a net lettable area of about 875 square metres.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Brisbane CBD building sells for $6 million

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An NAB branch in Melbourne's Footscray has sold at auction on a wafer thin yield for just 3.15%.
The freehold of the NAB branch premises, at 132-134 Hopkins Street, fell under the auctioneer's hammer at $3.025 million to a local private investor - well above the original price expectation of $2 million plus.
The current lease to the NAB has a four year term which started from March this year, with two further option terms each of two years.
<img src="/images/stories/2013/12/11/footscray_dec_11_two.jpg" width="470" height="314" alt="footscray_dec_11_two">
The current net annual rental payable is $95,519.67 plus GST with the NAB also responsible for all property outgoings, noted selling agent Kliger Wood agent Nick Breheny.
The lease also provides annual CPI rental increases with a market review at each option exercise point.
The bank premises has a building area of 530 square metres, spreads over two levels with the banking chamber, retail services and office areas on the ground floor. The upper 93 square metres level is for staff facilities and storage areas.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a> 
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NAB's Footscray branch sells for $3.025 million, reflects a 3.15% yield

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Mexican restaurant Fonda Mexican has continued to build its presence in Melbourne, this time securing a location in Flinders Lane precinct.
Fonda has signed a lease at the former Virginia Plain restaurant premises, at 31 Flinders Lane, on a 10 year term. The 410 square metre lease was brokered above $550 a square metre per annum net.
Leasing agent were Savills Australia retail director Jeremy Marmur, in conjunction with colleague, Michael Di Carlo. Fonda Mexican already has a presence in Richmond and Windsor.
Fonda Mexican is due to open in March 2014. The lessor is a Melbourne based private investor.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
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Fonda Mexican secures Flinders Lane lease

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Leading asylum seeker organisation - the Asylum Seeker Resource Centre has leased about 3,000 square metres of office space in a commercial building in Melbourne's inner western suburb of Footscray.
The Asylum Seek Resource Centre is moving out of its current headquarters in West Melbourne to 214-218 Nicholson Street.
The centre, which is an Australian independent and non-federal government funded human rights organisation, has agreed to sign a lease for 10 + 5 + 5 years, at a net rental of about $270,000 a year. The lease was negotiated by Dean Kimitsis of Ray White Commercial Oakleigh.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
 
 
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Asylum Seeker Resource Centre finds new Melbourne home

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It's called activity-based working and it's a trend that is set to sweep across the Melbourne office market as tenants look at ways to consolidate and improve efficiency in the workplace. The new innovative workplace model, commonly known as ABW, basically allows employees to work on projects in a shared environment rather than individual cubicles.
The trend was one of the findings unveiled in the new CBRE Office Market Survey, which analysed the views and behaviours of Melbourne office owners and tenant representatives. It found that while many CBD tenants haven’t made the transition to ABW yet, "a large number were exploring the concept and considered it important that buildings could accommodate this increasingly popular workplace model."
Nearly 90% of the owner respondents said it was important that office buildings had the ability to accommodate flexible fit-outs such as ABW.
CBRE Regional Director of Office Services Andrew Tracey said ABW was becoming a more popular concept both in Melbourne and Australia-wide.
"The by-product is also a saving in property costs through space consolidation and more sustainable and energy efficient systems."
Among the early adopters of ABW in Australia were Macquarie Bank, Microsoft, NAB, DEXUS, GPT Group and Goodman. CBRE has rolled out the model at its Sydney office and plans are underway in Melbourne.
As expected, the survey found that the main driver behind a tenant’s decision to relocate was reduced total occupancy costs, followed by a change in location and reduced total footprint. The survey also showed that attractive incentives on offer in the Melbourne market were encouraging tenants to look at relocating, with 81.49% of owners and 68% of tenant reps expressing this sentiment, CBRE said.
The majority of owners thought that current incentive levels were at a lower range, either 20% - 24.9% or 25% - 29.9%, CBRE said, while tenant reps thought incentive levels were closer to 25% - 29.9% and 30-34.9%.
Both groups expect that in the longer-term, incentives will reduce as the office market strengthens.
Over the next six to 12 months, the respondents believe that the most active tenant sectors in the market would be financial/insurance and electricity/water/gas.
Owners expect smaller tenants -between 0-300 square metres and 300-700 square metres - to account for the most market activity.  Tenant reps believe mid-size tenants will emerge as the most active.
<a href="https://mce_host/news@propertyobserver.com.au" target="_blank"> news@propertyobserver.com.au</a>
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Activity-based working trend set to sweep Melbourne office market

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The $3 billion battle for the Commonwealth Property Office Fund further intensified today after the Dexus consortium matched the rival offer from the GPT Group.
Dexus and partner the Canada Pension Plan Investment board raised the value of its original bid from $1.21 to $1.27 per Commonwealth Property Office Fund (CPA) unit - matching that of GPT.
The revised offer includes a cash payment of 77.45c and 0.4516 Dexus stapled securities.
GPT is offering $0.75325 in cash and 0.141 GPT securities for every CPA unit.
In making its revised offer, Dexus said the offer would not be subject to a minimum acceptance condition and would only have "limited customary conditions".
Commenting on the revised offer, Dexus chief executive Darren Steinberg said "the due diligence process has enabled us to confirm our view on value".
Dexus said it intends to exercise its right to take physical delivery of 350,000,000 CPA units under the forward contract with Deutsche Bank on January 3, 2014.
But Dexus suggests that based on its closing price on December 10, 2013 its offer valued at $1.27 is a 2.6% premium to the GPT offer on a comparable basis.
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Battle over Commonwealth Property Office Fund intensifies

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The international assault on the Australian property market has continued, with speculation emerging that an Asian group is close to securing the historic Sydney Opera House car park.
The property was being marketed for sale, on behalf of receivers, KordaMentha, with price expectations of about $80 million. Property Observer understands that the Asian group is in due diligence.
<img alt="syndey-sept-19-three" height="428" width="470" src="/images/stories/2013/09/19/syndey-sept-19-three.jpg">
Prior to falling into the hands of receivers, the prized asset was owned by Mariner Financial - a company founded by Bill Ireland. Mariner reportedly purchased the car park for about $75 million in 2004.
<img alt="syndey-sept-19-one" height="263" width="470" src="/images/stories/2013/09/19/syndey-sept-19-one.jpg">
Completed in 1993, the 12- storey premises has about 1200 parking bays and is operated by Wilson Parking. The income stream of the property is estimated to be about $7.6 million. Marketing agent Sam McVay of McVay Real Estate was appointed to sell the long leasehold.
"This is not just a car park," said McVay. “This is a critical piece of infrastructure servicing the largest city in Australia and one of the most famous buildings in the world."
Completed in 1993, the 12- storey premises has about 1200 parking bays and is operated by Wilson Parking.
<img alt="syndey-sept-19-two" height="244" width="470" src="/images/stories/2013/09/19/syndey-sept-19-two.jpg">
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Speculation grows around Asian group's interest in $80 million Sydney Opera House car park

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The great divide facing Australia CBD office markets deepened in the third quarter of this year.
While office investment activity soared in the three months to September, CBRE's latest Q3 Australia Office MarketView report showed that weakening business investment across the board had prompted occupiers to increase their focus on preserving margins.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/12/11/chart-of-the-week-dec-11-big.gif" title="Click to enlarge"><img src="/images/stories/2013/12/11/chart-of-the-week-dec-101-small.gif"></a>
"As a result of occupiers adopting cost saving measures, employment growth in the office market has slowed markedly, while a number of CBD tenants are also consolidating or contracting operations and therefore, space requirements," the report said.
CBRE Senior Research Manager Claire Cupitt said that had led to negative net absorption in all markets so far this year.
CBRE is forecasting that in 2013, a total of 170,000 square metres of negative net absorption is due to be recorded in all major CBD's  nationally – 30,000 square metres more than in 2009 during the depths of the Global Financial Crisis.
Hardest hit has been the Brisbane office market, with the CBD recording about 90,000 square metres of negative net absorption.
Ms Cupitt said it was anticipating demand for space over the next few years would be largely driven by the business service sector in line with broad sector based economic improvement.
The report also highlighted the rise in sublease availability across Sydney, Melbourne, Brisbane and Perth, pointing out that in some cases it was at historic highs.
"Space consolidation and contraction accounts for approximately 80% of sublease availability in the Sydney CBD," it noted.
CBRE regional director of office services Andrew Tracey said in line with the shift in sublease availability, incentives had increased in most markets.
Melbourne and Brisbane CBD incentives are currently around 30%, while Perth CBD incentives also continue their upward momentum, with expectations of 14% by the end of the year.
The national vacancy rate stood at about 10.1%, but CBRE pointed out that several capital city markets experienced record high availability. Melbourne vacancy rates have peaked at 9.8% - up from 7.0% in July and Brisbane’s CBD has reached an unprecedented 14.1%.
Rents remained unchanged in the quarter.
Despite those weakening fundamentals, investment activity remained strong in the third quarter, with domestic and offshore investors outlaying $3 billion purchasing office assets around the country.
The Sydney CBD accounted for $785 million worth of sales during the quarter.
CBRE is tipping prime yields in Sydney to hover at 7.20% by the end of 2013 – down 30 basis points from December 2012, while Melbourne prime yields are expected to average 6.8% at the end of the year.
Brisbane prime yields are forecast to average around current levels of 7.70% at year end and Perth yields are also expected to remain steady at 8.00% into early 2014.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Divide within CBD office markets deepens: CBRE

<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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[smartcode_project:default project_id=149670 project_image_fid=360966]

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.

[smartcode_project:default project_id=152737 project_image_fid=377685]

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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