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Supermarket giant Coles Group has agreed to remain at its Melbourne headquarters on Toorak Road until 2030, in a major coup for owner, Investa Office Fund.
Coles fully occupies the 42,000 square metre office complex - known as ‘Battlestar Galactica’ for its spaceship like appearance - and has renewed their lease from the current lease expiry in November 2016 to January 2030. The lease renewal, at 800 Toorak Road, takes the weighted average lease expiry from three years to 17 years.
As part of the lease renewal, Investa (IOF) said in an announcement, the building services would be upgraded and amenities refurbished. A plot of land adjoining the office complex would also be acquired and a 1,200 bay multi deck car park constructed for Coles, subject to planning consent, it added.
<img alt="coles-oct-23-one" height="191" width="470" src="/images/stories/2013/10/23/coles-oct-23-one.jpg">
IOF's share of cost for the office refurbishment and car park is anticipated to be $28 million, and upon completion of the works, the building will generate a yield on cost of 8.2%.
"Working collaboratively with Coles to allow them to refresh their premises and meet their long-term accommodation requirements has resulted in the fund being able to forward solve a key financial year 2017 income risk, and underpins the future value of this asset with a long weighted average lease expiry", said IOF manager Toby Phelps
The Coles lease represents the largest tenant by area in the Fund’s portfolio.
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Coles Group renews 'Battlestar Galactica' Melbourne headquarters lease

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<img src="/images/stories/2013/10/21/stonebridge-property-group-oct-23.png" width="200" height="86" alt="stonebridge-property-group-oct-23" style="display: block; margin-left: auto; margin-right: auto;">
Agent: Philip Gartland<img src="/images/stories/2013/10/21/philip-gartland-profilke.png" width="150" height="200" alt="philip-gartland-profilke" style="float: right;">
Position: Director
Company: Stonebridge Property Group.
Office Location: Sydney.      
How long have you been in the industry?
17 years - 11 in Australia and six in the UK    
What's happening in the area you specialise in?
The retail investment market is particularly aggressive at the moment. The combination of pent-up frustration of capital trying to find a home, coupled with historically higher yields and very competitive financing rates / increased bank funding competition, has led to very strong purchaser appetite. The issue now is that stock levels are now significantly lower with owners sensing an upswing in pricing.  
Describe the most interesting property you have sold?
The most interesting property I have sold was back in my days working in the City of London. It was a large prime office building close to St Pauls Cathedral, which was predominantly held on a freehold title but had a small/thin parcel of land running right through the middle of the built improvements held by way of 699 year sub-leasehold interest with a 700 year head lease.
The transaction hit a stumbling block as in doing their due diligence, the purchaser identified there had been breaches in both the head lease and sub-lease as development had taken place without the freeholder's consent and the freeholder of the land had disappeared from records!
It was a very interesting transaction because of the history involved;  from the perspective of having to review hand-scrolled Chaucerian style "Auld English" leasehold documents and where the purchaser ended up having to take out a very expensive insurance policy to cover them in the unlikely event the freeholder's ancestors turned up and claimed the breach of lease (the freeholders whereabouts had been lost around 200 years ago). The implications of them coming back would have been very material!    
What are the ingredients to being successful in your job?
Number one is relationships. Then it  is reacting to information. Being respectful, tenacious, organised and persistent are also pre-requisites.    
What aspects of your role do you enjoy the most?
Dealing with people and being able to get out of the office on a regular basis.    
Where would you invest a spare $750,000?
Buying existing income producing improvements in urban infill locations. Like industrial assets in Alexandria for example. Subject to planning restrictions, they are highly likely to have a higher and better use down the track.    
Which football team do you support?
Being from the UK, the football I prefer is soccer! For my sins - Newcastle United. If talking other codes; league - Roosters. AFL - Swans.    
What's your favourite app or techno gadget?
Evernote. This keeps me organised and able to access my notes wherever I am.  
How do you use social media?
We use Linkedin to advertise all of our properties and I personally use Facebook to keep up with Friends and family in the UK.
 
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In profile: Stonebridge Property Group's director, Philip Gartland

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The landmark Mount Tamborine Brewery on the Gold Coast Hinterland has been listed for sale.
Established in 2008, the boutique brewery has three main business lines which includes its renowned beer range, the Witches Chase Cheese Company and the Liquid Amber Restaurant.  But the property, at 93-97 Eagle Heights Road, Tamborine Mountain, is being offered for sale with vacant possession. It occupies an 18,370 square metre site with a detached owners residence.
Expressions of interest close on November 7 through marketing agents Tom Gibson and Glenn Price. The owner is a private high net worth investor.
The information memorandum noted that the asset offered an incoming purchaser a substantial amount of development land for future expansion.
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Mount Tamborine Brewery put on the market

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The former Daniel and Robertson brickworks site in Melbourne's eastern suburb of Nunawading has been listed for sale.
The prominent infill site, at 56-74 Station Street, is expected to attract strong interest from developers because of its residential redevelopment potential.
CBRE and Knight Frank are jointly marketing the property on behalf of the Robertson family through a public expression of interest campaign.
{qtube vid:=yImkORTjmaw}
CBRE’s Paul Tzamalis said the site had been "earmarked for an imminent rezone to support residential development as part of Whitehorse City Council’s Mega Mile structure plan.”
He also said the 4.9 hectare property had a history spanning more than 150 years and would continue to play a pivotal role in the area.
“The brickworks site has been the cornerstone of Nunawading since the late 1800s, giving rise to jobs and infrastructure for the area,” he added.
Nunawading's Mega Mile was identified as a Major Activity Centre under the state government’s Melbourne 2030 strategy – an initiative which aims to guide the future growth of the area over the next 15 years.
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Daniel and Robertson brickworks in Nunawading listed for sale

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Coles Group Property Developments has acquired the Rochedale Town Centre in Brisbane's Rochedale for $13.25 million.
The 85,000 square metre centre, which comprises a 50,000 square metre retail site and commercial component of 35,000 square metres, fronts Miles Platting and Gardner Roads and is owned by Watpac Developments Pty Ltd.
As part of the transaction, Coles Group will fully service the 85,000 square metre parcel of land and ‘hand back’ the 35,000 square metre commercial parcel to Watpac Developments for $1 plus the infrastructure requirement to effect land subdivision.
Stage one of the site has approval for a retail centre with a circa  3,500 square metre supermarket, a 1,650 square metre second supermarket/mini major, about 2,000 square metres of speciality floor area and at-grade and basement parking for about 506 vehicles.
The sale was negotiated by Jacob Swan and Sam Hatcher of Jones Lang LaSalle Queensland.
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Coles Group acquires $13.3 million Rochedale Town Centre

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Real estate agents Marshall White has signed a six year lease at the old Kay &amp; Burton premises in Melbourne's Albert Park.  
The lease, at level 1, 101-105 Dundas Place, was for 325 square metres and includes five on-site car parks. Marshall White is expanding out of its previous premises of 201 square metres, at 119 Bridport Street. Its lease expiry is January 2015.  
Commenting on the deal, Fitzroys agent Tom Backay said the rate of just over $350 per square metre per annum plus GST reflected "the strength of the rental market in the Albert Park area", where he noted that there were only a handful of office leasing options available at any one time.  
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Marshall White expands to Albert Park premises

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Retail goods importer TLC Industries Pty Ltd has secured an industrial warehouse facility at Geebung in Brisbane’s north for three years.
Located at 3b/420 Bilsen Road, the facility sits on a 1,120 square metre industrial site and features a metal clad clearspan warehouse equipped with multiple container height roller doors for easy truck access.
<img src="/images/stories/2013/10/16/geebung_oct_16.jpg" width="470" height="353" alt="geebung_oct_16">
The lease was struck at about $109,000 per annum net plus GST.
The deal was negotiated by Steve Black of Ray White Commercial Pine Rivers.
“The industrial area in Geebung and its surrounding suburbs is becoming quite a hot spot for investors and owner occupiers in Brisbane", noted Mr Black.
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A little bit of TLC for Geebung, Brisbane with importer leasing industrial warehouse

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Wagering firm Tabcorp Holdings has signed a long term lease for an office and warehouse property in Brisbane's Murarrie.
Under the terms of the deal, Tabcorp has agreed to take out an 8 + 5 + 5 year lease, at 4/45 Alexandra Place.
<img src="/images/stories/2013/10/16/murarrie-oct-16-one.jpg" width="470" height="339" alt="murarrie-oct-16-one">
Industry sources estimate the net rental to be about $110,000 per annum.
Ray White Industrial Milton’s Alex Smith and Stephen Ferguson negotiated the lease.
Mr Smith said Tabcorp was relocating from premises at nearby Morningside and was seeking a larger warehouse complex for its keno maintenance operations.
The property has a total area of about 788 square metres and includes some 146 square metres of office space and a 642 square metres of warehouse.
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Tabcorp Holdings lease Murarrie office and warehouse

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Some of the country's biggest real estate agencies are in expansion mode.
In a company-making move, the Ray White Group has announced its first foray into the United States with an office in the key city of Atlanta, Georgia – one of the fastest growing cities in the country.
Ray White Group chairman Brian White said "this new initiative was a further step in driving this family owned company into broader markets".
The agency said it had been engaged by a number of investor groups within the USA to sell and manage thousands of properties in the world’s largest real estate market.
The team responsible for the opening and development of the new business has and will continue to be driven by prominent Gold Coast real estate industry identities, Andrew and Greg Bell, along with Tony Bargwanna from Ray White Hotels.
Meanwhile, rivals Raine &amp; Horne have bolstered its presence in Queensland, this time adding a new office in Bundaberg.
Heading the Raine &amp; Horne Bundaberg office will be locals Henry Rzeszewski, Debbie Rzeszewski, Brendon and Nicole Mattick, who are also principals of the agency.
Mr Rzeszewski said he and his business partners decided to switch to Raine &amp; Horne after meeting its executive chairman and chief executive Angus Raine, in Bundaberg recently, and believed the direction and values of the 130-year old family owned and operated firm represented a good match for his business.
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Some of the country's biggest real estate agencies are in expansion mode

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The arrival of new major international brands and the continued refurbishment of major city centre retail destinations have seen Australia's prime CBD retail districts maintain their status as amongst the most expensive in the world.
Sydney's Pitt Street Mall was ranked the eighth most expensive retail strip in the world, with rents in the mall averaging US$871 per square foot, according to the annual Colliers International 2013 Global Retail Highlights Report. The figures were based upon the currency exchange rate in March 2013.
Colliers International head of retail, Michael Bate said “The CBD continues to be the first location of choice for major international retailers coming to Australia… Generally, new entrants seek a flagship location in either the Sydney or Melbourne CBD, followed by smaller stores in top performing regional shopping centres".
Among some of the major brands to arrive have been Apple, Zara and Topshop, while others like Tiffany &amp; Co have been expanding their presence.
However, the report noted that new-to-market retailers must now consider options outside of the CBDs, where they would traditionally choose to locate stores. The biggest rent mover in the report was Brisbane Mall, which saw rents rise 5% to US$431.64 per square foot over the same time last year. Rents on Melbourne's Bourke Street Mall were steady at US$677.08 per square foot, while on Adelaide's Rundle Street Mall they fell 8.3% to US$265.99 per square foot.
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Australia's CBD retail districts among the world's most expensive: Colliers

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Katherine Jimenez

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