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South Australian law firm Mellor Olsson has signed a six year lease at 80 King William Street in Adelaide's CBD. 
The lease is over two entire levels of office space, equating to 1,432 square metres.
CBRE’s Andrew Bahr negotiated the lease deal on behalf of lessor 80 KWS Investments Pty Ltd. 
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Mellor Olsson lease two floors of King Street, Adelaide office

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A logistics company has secured 80 square metres of office space at Cannon Hill in the Australian Trade Coast precinct in Brisbane’s east.
APL Pty Ltd has signed a 2+1 year lease, at 4/1155 Wynnum Road, on a gross rental of $32,800 per annum plus GST and outgoings.
Rhiannon Jones of Ray White Commercial Brisbane Trade Coast negotiated the lease.
Jones said: "This property offers 80 square metres of office space including a reception area and a boardroom on the first floor of a prominently located building."
Jones also leased an adjoining 60 square metres office for three years, at a gross rental of $25,500 per annum. The lease starts in August. 
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Logistics firm sign Cannon Hill, Brisbane lease

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Axios IT has leased a 327 square metre office suite in the heart of Adelaide's CBD. 
The firm has committed to a three-year term, at 44 Currie Street, on a rental of $375 per square metre gross.
The lessor of the B-grade office suite is South Australian architecture firm Hartect Pty Ltd.
CBRE’s Michael Pfitzner negotiated the leasing. 
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Axios IT lease Adelaide CBD office space

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Retailer, developers and owner occupiers are tipped to line up for the sale of a large retail super site in Melbourne's surf coast town of Torquay, which expected to sell for more than $8 million plus. 
Located on Surf Coast Highway, the super site forms Stage 3 of the West Coast Business Park in Torquay.
It is anchored by Bunnings Warehouse, with the retail component complemented by 43 commercial and industrial lots.
Colliers International’s Tom Noonan and Andrew Lewis, in conjunction with DTZ Australia’s Nicholas Bourke and Patrick O’Callaghan, have been appointed to sell a 4.9 hectare property.
<img src="/images/2014/05/07/3.jpg" alt="">
Shell Coles Express and a car wash are pre-committed to the development and will take about 5,600 square metres at the southern end of the site.
“Having two pre-sales contracts to both Shell Coles Express and the car wash provide the eventual purchaser with certainty of income once the construction commences as well as providing a strong anchor for this final stage,” Mr Noonan said.
The development sits opposite the site of the new $26.5 million Torquay Secondary School and $44 million Surf Coast Civic &amp; Community Centre.
Recent sales in the area included the sale of a Bunnings Warehouse on Beacon Boulevard in Torquay for $11.2million, while Coles snapped up the Torquay Central Shopping Centre at 41 Bristol Road for $14 million.
Expressions of interest close June 12. 
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Torquay retail super site expected to fetch $8 million plus

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Two freehold hotels in the Bowen region in central coastal Queensland have been listed for sale.
The two hotels - The Denison Hotel, at 55 Powell Street, Bowen, and the Merinda Village Hotel, at 13 Linley Street, Merinda (pictured above) are being offered for sale individually or in one line. 
The hotels are being offered through Leon Alaban and Sean Dollar of Ray White Hotels Australia.
“The owners of the respective hotels believe in the region and its growth potential and would also consider joint venture partners”, said Mr Alaban.
Rebuilt in 1984 after being destroyed by fire, The Denison Hotel sits on a site area of about 3,052 square metres and features a lounge bar, nightclub and a gaming room with 40 EGMs. It also has a drive through bottle shop, a commercial kitchen, storage and office areas.
"The hotel, one of the best performing in the region, also operates a detached bottle shop in the Woolworths and Target Country anchored shopping centre”, he added.
Located some 8km north of Bowen, the Merinda Village Hotel, has asite area of about 12,628 square metres, had a QHA award-winning $6 million refurbishment completed in 2010. It consists of a public bar, bistro and TAB and features a high quality purpose built function and conference centre.
“The site has 48 accommodation rooms and there is a current development approval in place for an additional 96 units plus a 12 room motel", add Mr Dollar.
“The vendor will also consider all genuine offers on a joint venture scenario.”
Expressions of interest must close 28 May. 
Photo courtesy of Facebook.
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Two Bowen, Queensland freehold hotels listed for sale

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The groundwork is being set for a recovery in the retail market in second half of the year, with rents holding steady in the March quarter.
New figures released by JLL showed that retail rents stabilised for the second quarter in a row, having declined by 0.4% over the prior 12 months.
JLL’s head of retail, property and asset management, Tony Doherty, said: “JLL Research figures for March show market rents were stable across the main shopping centre categories for the second consecutive quarter despite the recent acceleration in retail turnover growth."
Data from the Australian Bureau Statistics showed that retail turnover growth accelerated from 3% last September to 4.9% in February. That uplift in spending, Mr Doherty pointed out was consistent with what it was seeing across the JLL-managed shopping centre portfolio.
JLL’s national retail analyst, Andrew Quillfeldt added that the acceleration in retail sales growth had now been underway for the past six months and "this will flow through to leasing demand after the usual time lag".
“Containing costs and managing the effects of discounting remain key challenges for many retailers, so we expect there to be limited rental growth in 2014, but the outlook beyond 2014 is becoming increasingly positive for the retail sector," he said.
A range of drivers such as retail turnover growth, household wealth and employment conditions, he said suggested leasing demand for retail space would gradually improve this year and "we are positive about the outlook for market conditions".
The report also highlighted that landlords and retailers are building for a recovery.
Specifically, it notes that total volume of projects under construction has been gradually increasing since 2009. Based on JLL's numbers, there were 881,000 square metres of retail floor space under construction as at Q1/2014.
In terms of the composition of the development pipeline of projects currently under construction, Mr Doherty said, the expansion of regional centres remained the largest share (32%). Neighbourhood centres accounted for 19% and bulky goods category killer centres 25%.
A further 175,000 square metres began construction in Q1/2014.
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Retail set for recovery in second half of the year: JLL

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GUEST OBSERVATION
Recently, we’ve been treated to quite a few new, international entrants to the fashion game who’ve come to our shores, the likes of Zara, Uniqlo, H&amp;M, Topshop, Forever New et al; the reality is, that’s only the start of it; it’s the first wave as it were; there’s more to come. Their trading figures are outstanding; in short they’re creaming it!
And the reason? Is it merely the market’s fascination with anything foreign? The conception (or misconception), that if it comes from overseas it’s better? Or is it simply that it’s ‘new’, and when it comes to fashion, ‘new’ is about as good as it gets?
The ‘die hard stick in the muds’ will vehemently agree with one or all of the above; it’s always easier to blame something or someone else rather than taking it yourself. The truth is that these retailers are taking huge chunks of the market share from our traditional, home grown contingent, because they’re better retailers.
Retail goes in cycles. In Australia before the 1950s, the challenge was to get stock; if you could get it you could sell it. Great retailers became skilled at importing, at sourcing, even at manufacturing; they rose to the challenge and their success was legendary; names like David Jones, Anthony Hordern, Sydney Myer, Thomas Ahern, the Grace Brothers and countless others had built empires by the 1950s.
By the 1960s, the game had changed. Relatively speaking, sourcing stock wasn’t a problem but the public was tiring of same old, same old. They wanted new stuff and variety; they wanted choice; great retailers again rose to the challenge. The first Coles and Woolworths supermarkets came on the scene; Dick Smith opened his first store in Artarmon with less than $1,000 capital; the first Kmart in Australia opened as did the first Pizzeria.
By the 1970’s the challenge was distribution, retail systems, and sophistication in retail management. Craig Kimberley founded Just Jeans and grew it exponentially as he demonstrated that people wearing blue jeans could talk with business managers, accountants and bankers on an equal footing. Retail legends (and soon to become property investment legends) like John Gandel and Marc Beson of Sussans, Joseph Brender and Sam Moss of Katies and a host of others showed the investment and banking world that the term ‘frock shops’ didn’t describe their operations as they became some of the most powerful and influential business tycoons of the decade.
By the time the 1980s were in full swing, shopping centres were the order of the day (they’d arrived in the 1950s but hadn’t really got going until the mid ‘60s) and shop design, fit-outs, merchandise presentation, new labels, extremely sophisticated marketing, celebrity power, all took on new meanings. Consumer spending on a scale not seen before was the order of the day and the competition for it was fierce. Retailers were on a knife-edge, rents were spiralling; the need for efficiency was fundamental. Australian specialty retailers, when measured on a scale of turnover per square metre (or square foot as was in those days) were the best performing in the world.
You could go on, right up to around 2000 to 2005 when the wheels started to fall off.
Australian retail in the last decade or so hasn’t done very much; it’s stagnated somewhat. The challenges have been there but the retailers (unlike their forebears) have failed to rise.
Take the big boys for example. David Jones is pretty tired these days; service is atrocious, merchandising is behind the times and the ‘same old, same old’ is alive and well once again. Try getting attention in David Jones on a Saturday in the bedding department; and it’s not the fault of the staff, they’re flat out, there just aren’t enough of them. In the menswear department, the fitting rooms are like hen cages and go in after mid-day and the body odours are obnoxious. It’s just not a store for quality and service. And what does a marquee at Randwick Racecourse do for sales? I wonder how many extra staff in the bedding department could be paid with that expense.
We’ve just had the royals out; did they go into David Jones? In 1954 when the Queen came to Sydney, she had a state banquet in the DJ restaurant! OK, times were different then; but the royals we’ve just had weren’t the Queen; they were lower down so that evens it up!
Myer is travelling a bit better but it’s not crash hot either; DJ’s new owners will give them a real run for their money.
In the specialty stakes what’s new? Take out the foreign retailers and the answer is, ‘not much’.
There are exceptions. Harolds, the menswear operation is top notch; the service is exemplary and the presentation of the merchandise and the shop itself are world class. Guess what? They are trading! Been to Apple lately – now that’s service. Gerry Harvey is complaining as always, but he’s making a profit; he’s a great retailer and he’s never forgotten the basics. JB HiFi is another classic exception, a great retailer doing it properly.
The most interesting feature of the new brand of international retailers becomes apparent when you look at exactly what it is they are doing; analyse it and its illuminating; they’re just paying attention to the fundamentals of retail.
Their shops are attractive; people like the new large formats for a start. No difference at all to when Country Road announced some twenty years ago that it required larger stores. It was difficult; they were trail blazing; landlords objected. Country Road persisted and finally won out. They compromised a little on ‘extent’ and shopping centre owners compromised on ‘rates’; simple market forces.
So it’s larger formats, attractive shops and very fresh ideas in fit-outs. It’s also better service, better pricing and a wider variety. It’s also value for money (or a perception of) and a healthy respect for the market as well as a well-researched and intuitive knowledge of it. It’s packaging, advertising, marketing and image creation. It’s dealing with the new communication world, influencing it and being an integral part of it. In other words, it’s adhering to the basics of retail. It’s not rocket science; it’s just about buying and selling stuff!
For the last decade or so, the vast majority of Australian retailers have treaded water; the nonsense talked about the global financial crises, the threat of the internet, the power of the landlords and whatever else they come up with shows a marked move towards finding excuses rather than rising to challenges.
Good retailers will always do well. In order to do well, you need to stick to the knitting, focus on the fundamentals. If you want another opinion, ask Joseph Brender, Sam Moss, John Gandel, Marc Beson, Craig Kimberley, Dick Smith……………
Michael Lloyd is publisher of <a href="https://shoppingcentrenews.com.au/" target="_blank">Shopping Centre News</a>.
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Retailers need to stick to the fundamentals

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Agent: Andrew Fife <img src="/images/2014/05/05/fife-may-5-breakout.jpg" alt="" style="float: right;">
Position: Industrial sales and leasing executive
Company: Colliers International
Office location: Perth
How long have you been in the industry?
Six years.
What’s happening in the area you specialise in?
We are seeing a correction in the market as a result of more stock, both for sale and for lease, becoming available.  Leasing is steady and deals are still being done with some incentives creeping into offers, but this is coming off an incentive base of nil. The sales sector is still being dominated by the owner-occupier market, as most properties are being offered for sale with vacant possession. Enquiry is very solid for investment-grade stock.
Describe the most interesting property you have sold?
Probably an irregular-shaped parcel of land which was directly under the flight path of approximately one commercial plane every 15 minutes. The planes flew directly overhead and so close to the property we had to wear ear plugs during inspections.
What are the ingredients to being successful in your job?
Doing the basics right all the time – managing relationships with existing clients, but always looking to develop new relationships to instigate new business. Delivering on what you say, understanding the market and your client’s needs. 
What aspects of your role do you enjoy the most?
Doing deals, but also delivering a result where you can see the client is pleased with what you have been able to achieve.
Where would you invest a spare $750,000?
I’d give it to PrimeWest – a property syndicator.
Which football team do you support?
West Coast.
What’s your favourite app or techno gadget? 
Footy Live
How do you use social media?
<a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/andrew-fife/64/812/856" target="_blank">LinkedIn</a> to see what shenanigans Shane Warne is up to.
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In profile: Colliers International's industrial sales and leasing executive, Andrew Fife

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Lend Lease will begin its largest commercial tower in its $6 billion Sydney's Barangaroo South project with a pre-commitment from two cornerstone tenants -  PricewaterhouseCoopers Australia and HSBC Bank Australia. 
In a statement to the ASX, Lend Lease said it should be as an anchor tenant of Tower 1, PwC has entered into an agreement to take 26,500 square metres or  12 floors in the 49-storey building. HSBC has signed heads of term for the bank to take 8,000 square metres of space or 3.5 floors in the building.
Lend Lease will commence the development and funding of 100% of the building, known as Tower 1 of International Towers Sydney, via existing capital sources. It intends to introduce co-investors into Tower 1 at an appropriate time in the future.
Lend Lease Group chief executive, Steve McCann, said "prior to today’s announcement, we were already ahead of where we expected to be at this stage of the evolution of the Barangaroo South precinct, with two towers 77% leased and under construction, and the first two apartment buildings sold".
As part of its announcement, the listed property group said it had entered into an agreement to reduce its co- investment in Lend Lease International Towers Sydney Trust (LLITST) from 25% to 15% via a sale to international pension fund APG. 
Following completion of the sale of the 10 per cent interest, Lend Lease’s equity commitment to LLITST will reduce from $500 million to $300 million.
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Lend Lease secure two cornerstone tenants for $6 billion Barangaroo South tower

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One of Australia's most exclusive bridal wear designers, Mariana Hardwick, has put the ground floor salon and first floor of her landmark Hardwick Building in Melbourne's Brunswick up for auction next month. 
Up for grabs is a ground floor bridal salon of about 375 square metres, a first floor atelier plus additional office spaces of around 875 square metre and air rights for a total of about 1,250 square metres.
The sale also includes Lot N, which is about 950 square metres and is located above the first floor of the main buildings. The inclusion of that lot, said selling agents Fitzroys, provided the purchaser with the opportunity to undertake further development in the future (STCA). 
The property is offered subject to a long lease over 1,065 square metres of the ground floor and first floor to Mariana Hardwick, potentially until 2032. The lease structure is 5+7+7 years from 1 August 2013.
Around 135 square metres of the first floor is leased to typographic studio Letterbox on a five year deal starting on 15 October 2013.
The current combine returned rental is estimated at $250,000.
The property will go under the hammer on 16 May through Fitzroys agent James Gregson.  
The history of the two-level building stretches back until 1907 when it began as the Hoopers Drapers store. After a succession of owners including Waltons and Spotlight, Mariana Hardwick acquired the Hoopers Building in 2005 as a new location for her salon. 
Gregson described property as a "high yielding investment" which was expected to return about 8-9% to the purchaser.
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Brunswick ground floor salon of designer Mariana Hardwick on the auction block

<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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Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

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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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[smartcode_project_cta:default project_id=152737]

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Katherine Jimenez

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