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<img alt="cbre" height="116" width="200" src="/images/stories/2013/09/18/cbre.gif" style="display: block; margin-left: auto; margin-right: auto;">
<img style="max-width: 480px; font-size: 14px; float: right;" src="/images/stories/2013/12/09/haddon-profile.png" width="150" height="200" alt="haddon-profile">Agent: Matt Haddon

Position: Senior managing director
Company: CBRE

Office location: Melbourne
How long have you been in the industry? 
30 years.  
What’s happening in the area you specialise in? 
Industrial investment properties are hot. Transaction volumes are up, yields are down!  Investors are taking a more sophisticated approach and debunking the myths around “specialised” assets, such as refrigerated logistics facilities.  
Describe the most interesting property you have sold?
I sold Australia’s Antarctic Division Headquarters in Kingston, Tasmania on a sale and leaseback to the federal government.  It is used as a storage and administration base for Australia’s Antarctic expeditions and included a visitor centre for the general public.  
What are the ingredients to being successful in your job?
Always maintaining a service mentality and anticipating and acting on clients’ needs before they ask the question.  
What aspects of your role do you enjoy the most?
Client relationships; the camaraderie and friendships at CBRE; the competition and thrill of beating the opposition.  
Where would you invest a spare $750,000?
Evenly distributed amongst Australia’s industrial REIT’s.  
Which football team do you support?
Hawthorn in the AFL.  I serve on a sub-committee at the club.  
What’s your favourite app or techno gadget?
I couldn’t get by without my iPad!  
How do you use social media?
I’m a <a target="_blank" href="https://au.linkedin.com/pub/matt-haddon/4/a39/b31">Linkedin</a> convert and dabble in Twitter from time to time to share thoughts and important information with a wider audience.          
<div><a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a></div>
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In profile: CBRE's senior managing director, Victoria, Matt Haddon

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A fully leased retail convenience centre at Waterford West in south-east of Queensland has been listed for sale. 
The centre has a net lettable area of 1,134 square metres and is located at 42 Bourke Street, adjacent to McDonalds and Aldi Supermarket.
Among the 11 tenants in the centre are Anytime Fitness, Waterford Village Medical Centre, Pizza Hut and QML.
The expressions of interest campaign close on 20 December through marketing agent Silvia Bevacqua of Ray White Commercial Springwood. 
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Convenience centre in south-east Queensland listed for sale

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The headquarters of property building company, the Dennis Family Homes group in Melbourne's Malvern East has sold for $7.85 million.  
The fully tenanted two level office building, at 207-213 Waverley Road, attracted a indicative yield of 8.1%. 
A private investor purchased the 2,137 square metre property. 
The purchaser will now execute a new five year lease commencing from settlement at an annual rental of $512,880 plus GST with the building outgoings met by the tenant.
Occupancy of the 74 secure basement car parks will provide an additional $124,320 plus GST, giving the buyer a total return of $637,200 net per annum. 
The terms of the new lease include annual rental reviews fixed at 3.5%, with a market review on exercise of the further five year option. The lease will also be supported by a six months unconditional bank guarantee.
Selling agents were Kliger Wood Real Estate with Gorman Kelly.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Dennis Family Homes group Malvern East headquarters building sells for $7.85 million

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A competitive contest between 15 groups of potential buyers saw a prominent medical complex in Melbourne's Box Hill sell for $1 million above the reserve price. 
The two level building, at 852 Whitehorse Road, eventually fell into the hands of a private investor, who paid $5.675 million for the property at auction.
The vendor was the White Diagnostic Centre and the sale attracted a tight yield of 4.8%. 
It is currently leased to ASX-listed Vision Eye Centre on a five-year term with one five-year option. 
The property has a net lettable area of 680 square metres and features a 16-space basement car park. 
CBRE’s Justin Clarkson and Jamus Campbell, who brokered the sale, said the property’s strong tenancy covenant and building’s corner location were key selling factors. 
More than 50 people attended the auction, with 15 groups battling it out to secure the property.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>     
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Box Hill medical complex sells for $1 million over reserve price

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An owner-occupier has snared a rare redevelopment site in Sydney's inner western suburb of Balmain for $7.375 million.  
More than 20 bidders battled it out for the 73-79 Beattie Street property, which was owned by Peter Owen Developments.
"The 1,525 square metre property, which was formerly a number of warehouse and terrace buildings, offered one of the last opportunities to acquire a substantial site on the Balmain Peninsular", said Tim Morrison, principal of Ray White Commercial Inner West and the selling agent. 
There are currently six separate buildings and a car park on the site, which is on 10 separate titles. The purchaser intended to owner-occupy the property.    
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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More than 20 bidders battle for rare Balmain redevelopment site

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Strong competition from local and offshore players saw Melbourne's prominent Chocolate Box Centre in Camberwell sell for more than $13 million. 
A private Victorian family outbid a number of local and offshore buyers to acquire the 761-767 Burke Road property on a yield of sub 6%.
The property is leased to ASX listed retailer Kathmandu and two established local traders - The Chocolate Box and Short Black Cafe. Kathmandu provides about 60% of the total income at the property, which has a total net lettable area of circa 1,457 square metres.  
Selling agents Mark Wizel, Justin Dowers and Rorey James of CBRE, in conjunction with David Bourke and Michael Ryan of Fitzroys, negotiated the sale on behalf of the owner another private Victorian family. Nine offers were received for the Burke Road property.
CBRE Director Mark Wizel said that while the predominant interest was from local investors there were a number of offshore investors in the bidding fray, including buyers from Singapore, Malaysia and mainland China.
“We are seeing a growing level of demand from Asian-based investors in well positioned Melbourne real estate,” he said.
"While demand was initially centred on development projects, this has widened more recently to also focus on longer term, passive retail investments with sound underlying fundamentals in both the CBD and surrounding suburbs.”  
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>     
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Private Victorian family outbid foreign interest for Chocolate Box Centre in Camberwell

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Brisbane based pool fencing and balustrade supplier, Glassfit Australia, will establish its first outlet in Victoria, after committing to a six years lease for a showroom in Dandenong South.
The property, at 3/97 Monash Drive, comprises of a new, 997 square metre showroom/warehouse facility facing the Westernport  Highway.
Savills Australia senior executive Daniel Kelly negotiated the lease.  
The lessor was Melbourne based developer Pellicano Group.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Glassfit Australia sign lease for first Victorian showroom

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The Melbourne CBD is set to be the home of Fitness First's flagship gym and largest CBD tenancy after the national health club signed a 10 year lease in the Riverview House building.  
The lease, at 276 Flinders Street, covers two floors over 3,420 square metres and was struck at about $500 a square metre per annum net. 
Savills Victorian retail director Michael Di Carlo and colleague Jeremy Marmur brokered the deal.
Mr Di Carlo said the lessor, Fivex, had recently completed a makeover of the building which had facilitated the leasing of the ground, first, second, third and fourth floors to retail uses including Daiso and Goodstart Early Learning. The basement, ground and podium levels now constitute a new vertical retail destination in one of the highest pedestrian traffic flow areas in Australia, he said.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>   
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Fitness First find Melbourne home for flagship and largest CBD tenancy

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Hong Kong’s largest serviced office operator, Compass Offices has made its first foray into Australia, after striking a deal for lease two floors in Tower 4 at World Trade Centre in Melbourne's CBD. 
Compass Offices has committed to 1,466 square metres in the 611 Flinders Street building and is planning to take occupancy in March next year.
Gavin Boyd, chief operating officer for Asset 1 WTC, the owner of the building, said the deal with Compass Offices was not just your standard lease but was also “a management agreement, a 50/50 partnership.
“This type of deal has never been done in the Melbourne commercial arena.”
He said the agreement allowed it to cater to a whole range of office requirements. “As serviced offices tend to attract newly established business from overseas, this alliance will allow us to tap international expansion demand, rather than only relying on local relocations,” he said. “This aligns with our ambitions to make the World Trade Centre Melbourne’s hub for international trade.”
The Tower 4 Compass Offices &amp; Asset 1 WTC partnership deal was set to produce significantly above market rent over its initial 10 year term, said Asset 1 WTC in a statement. 
Compass Offices vice president of global investment, Alan Mackay said “Australia is an attractive market as there is more demand than supply for serviced office space". "There is a strong opportunity for growth, following a global trend where occupiers are looking for more flexibility as result of a volatile business environment. In the UK for example, over 2% of total office space is now serviced.” 
Compass believes markets like Australia would follow this trend soon, as more and more occupiers were reviewing the inefficiencies in their real estate budgets – all the way up to large firms like Google or Qantas, which are all using serviced offices, he said. 
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Hong Kong serviced office operator makes first foray into Australia with Melbourne lease

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In one of the biggest Sydney industrial sales this year, listed property group Stockland has exchanged unconditional contracts on the Forrester Distribution Centre in Sydney's western suburbs of St Marys for $72.85 million.
Owned by the Goodman Australia Industrial Fund, the 12 hectare site at 40–88 Forrester Road incorporates three warehouses totalling 60,239 square metres. 
The centre is leased to ACI, a wholly-owned subsidiary of Owens-Illinois, on a 5.3 year WALE with fixed annual rental increases.
Stockland managing director Mark Steinert, said: "One of our key strategic focus areas is to grow our industrial business as a core part of our diversified portfolio.
"This asset is a strong addition to our industrial portfolio and demonstrates our disciplined approach to buying accretive assets in key, strategic locations.”
Stockland outlined its industrial strategy in May and the Forrester Road property represents the first purchase under that new direction. It also adds to Stockland’s existing industrial portfolio, which at June 30, 2013 stood at 13 industrial properties with a combined gross lettable area (GLA) of 963,047 square metres and a total value of $0.83 billion.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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St Marys industrial centre changes hands for $72.85 million

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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