<html><body>
The federal government is being urged to include retail tenancy leases as part of its broader small business fair contracting review.
Phillip Chapman, managing director of Lease1 - a retail lease advocate - said that prior to the election, the federal Coalition outlined a new small business policy that sought to extend to small businesses similar protection that consumers had enjoyed since 2010 under the new Australian consumer law.
He said it was now up to the new federal government to follow through on this promise and include retail shop leases in the fair contracting review.
“If such legislation is to be introduced, as promised under the review of business-to-business contracting by the new government, it would be wholly biased to exclude the estimated 350,000 plus retail leases held around the country,” he added.
Mr Chapman also called on the new federal Minister for Small Business Bruce Billson to act quickly and decisively to cut red tape that was holding back the retail sector across the country.
“If the new Minister is fair dinkum about red tape reduction, then the introduction of a common form simple disclosure statement across all states and territories will deliver massive savings in valuable time and resources for all parties in the retail sector, " he said.
</body></html>

kjiminez-eaYKfU7qd2

Federal government urged to look at retail tenancy leases

<html><body>
The green shoots of a recovery are emerging  in the Gold Coast office market, with leasing deals surging 62% in the 12 months to June.  
New figures from Savills's Gold Coast Office Spotlight report showed that in the 12 months to June, 13,015 square metres of leasing activity in the greater than 500 square metre space took place on the Gold Coast. That reflected a 62% increase on the 12 months prior, but was slightly down on the five year average of 13,179 square metres.  
<img alt="chart_of_the_week_oct_1" height="304" width="470" src="/images/stories/2013/10/01/chart_of_the_week_oct_1.jpg">
The Gold Coast office market is made up of five office hubs- Southport, Robina / Varsity Lakes, Bundall, Surfers Paradise and Broadbeach, which combined make up  464,664 square metres of lettable space.  The biggest share of the stock is B grade, accounting for 39%, followed by C and D grade at 33%  
The report noted that unlike the nearby office markets of Brisbane and the Sunshine coast, office leasing had been quieter on the Gold Coast partly because its key industry - tourism - had taken a hit due to the high Australian dollar. Many local business interface with the tourism industry. Other traditional drivers for local businesses - strong population growth and construction activity- have also eased in recent years.
But Savills is expecting the 2018 Commonwealth Games to trigger increased activity. "Cities around the world have seen a pickup in activity three to four years out from a major event such as the games and it is expected the Gold Coast will be no exception", it said.
Improvements can be seen in the Property Council of Australia's July numbers, which showed the coastal city's vacancy rate narrowing to 19.9% from 21.5% a year  earlier.
<img src="/images/stories/2013/10/01/Gold-Coast-Net-Absorption-oct-one.jpg" width="470" height="267" alt="Gold-Coast-Net-Absorption-oct-one">
While the market remains "patchy", Savills said there were signs of increasing activity and that demand could move up a notch at the end of the first quarter of next year.
The report highlighted that with a population now approaching, if not already at, 550,000 residents, there are some diverse industries and services emerging that stand the area in good stead for the future.
"Recognising the potential, some national and international firms have moved into the Gold Coast and more are expected as the international attention turns its focus onto the city as the Commonwealth Games get closer"'  Savills said.
"The start of an upswing in 2014 is definitely on the cards".
</body></html>

Green shoots of Gold Coast office market recovery: Savills

<html><body>
<img style="display: block; margin-left: auto; margin-right: auto;" alt="Savills_Logo_200x158" height="158" width="200" src="/images/stories/2013/10/04/Savills_Logo_200x158.png">
Agent: Kai Schindlmayr<img src="/images/stories/2013/09/30/kai-schindlymayr-profiel.png" width="200" height="200" alt="kai-schindlymayr-profiel" style="max-width: 480px; float: right;">
Position: Project director, project management
Company: Savills Australia

Office location: Sydney
1.     How long have you been in the industry?
After studying mechanical, marine and offshore engineering at the University of Surrey in the UK I moved to Australia some 12 years ago and fell into the client side of project management.  It was during this time that I also completed my Masters in Project Management at Sydney University.
2.     What’s happening in the area you specialise in?
The market is still heavily focused on space efficiency and applying work space strategies such as ABW.  What is exciting is that we are starting to see the focus shifting back to the people and employees; what money is being saved in real estate is now being reinvested back into the people.  It is not only about making space more efficient it is now about making the most of real estate change, and creating and nurturing a better culture which in turn should improve a business’s performance.
Also we are starting to see the reactivation of base building precincts. Landlords are re-accessing buildings, particularly at the ground floor plane, and are finding ways to improve its appeal and attractiveness to tenants. Again, by creating a vertical community within a building, and making the most of dead space, the focus on activation could improve the culture of an organisation with the building.
3.     Describe the most interesting property or project?
My most interesting would have to be my inaugural project which was the Sir Moses Montefiore Jewish Home in Randwick , which I spent close to three years on and completed in 2006.  At the time, and still today, it was a leading edge high quality aged care facility and it was this project that really set me off on the career path I am now on.
In terms of a work space project, it would be remiss if I didn’t mention the Clayton Utz integrated fit out at 1 Bligh Street. As project manager for Clayton Utz for two years, I thoroughly enjoyed what was a very complex fit out within a world leading and innovative building.
4.     What are the ingredients to being successful in your job?
It may sound cliché but it ultimately comes down to one’s skill set, and a skill set that should include strengths in organising, writing and communicating. You need to be able to fully understand, and capture, the requirements of your client and find the balance between both the functional and the aesthetic elements of a design. After all, it is your client that will be living in the space for many years after the project is complete.
You need to constantly ask why and challenge, and always be willing to learn by the very many stakeholders involved, right from the subcontractors to the CEO.  As a client side project manager, you have to draw the very best out of all of the enablers of a project in order to drive creativeness and innovation, and deliver the best result to suit your client’s business and culture.
5.     What aspects of your role do you enjoy the most?
Everyday is different and although sometimes challenging it is also gratifying to see the success of project.
6.     Where would you invest a spare $750k?
I would invest in run down assets in a CBD that could be transformed into third spaces such as hubs etc.
7.     Which football team do you support?
The once great Liverpool Football Club.
8.     What’s your favourite app or techno gadget?
Internet movie database – it helps every time with six degrees of separation when watching tv and movie, also if I had an iPad it would be the Savills App!
9.     How do you use social media?
I am a strong user of <a target="_blank" href="https://au.linkedin.com/in/kaischindlmayr">LinkedIn</a> – it is a very powerful tool for connecting in with colleagues, and maintaining business connections.  It is also instrumental with connecting the dots to potential opportunities and also sharing my passion for developments in work space and other trends within property.  
</body></html>

In profile: Savills Australia's project director of project managment NSW, Kai Schindlmayr

<html><body>
A parcel of commercial assets formerly home to the south-east corridor campuses of a federally-funded trade training college in Western Australia's Armadale and Maddington have been put on the sales block.
The portfolio, which is being offered separately or in one line, comprises of two warehouses and an office in Armadale and a purposes-built training facility in Maddington. They are being offered for sale or lease on behalf of Australian Trades College (WA) receivers and managers Grant Thornton.
The Maddington property, at <a target="_blank" href="https://rca.colliers.com.au/property-industrial+warehouse-wa-maddington-500878743" x-apple-data-detectors="true" x-apple-data-detectors-result="17">10 Alloa Road</a> (pictured below), comprises 806 square metres of administration and classroom facilities and two workshops totalling 1,132 square metres on a 10,924 square metre site.
{yoogallery src=[images/stories/2013/09/25/mad]}
In Armadale, three separate lots, at 41, 43 and <a target="_blank" href="https://rca.colliers.com.au/property-offices-wa-armadale-500875051" x-apple-data-detectors="true" x-apple-data-detectors-result="18">45 Commerce Avenue</a> (pictured below), are offered on two titles over a combined total land area of 5,264 square metres. The assets comprise a 2,175 square metres warehouse with basement car parking, a 688 square metre office building and an 880 square metre warehouse. One of the warehouses is currently leased to Polytechnic West, formerly known as Swan TAFE.
{yoogallery src=[images/stories/2013/09/25/arm]}
Colliers International director of metropolitan markets, Nicholas Agapitos said both the Maddington and Armadale assets presented real opportunity for potential buyers or tenants. Mr Agapitos is marketing the portfolio of assets.
</body></html>

Former Australian Trades College (WA) asset portfolio to be parceled off 

<html><body>
A tightly contested auction for a fully leased retail building at Hawthorne in Brisbane’s inner east saw it sell under the hammer for $1.43 million.
After a total of 26 bids, the building, at 135 Riding Road, was finally sold to a local investor, on a yield of about of 6.9%.
Jonathon Jones of Ray White Commercial negotiated the sale. He said the building attracted 47 enquiries and eight registered bidders at the auction,” he said.
Mr Jones said the complex has five income producing tenancies providing a net income of approximately $98,765 per annum.
</body></html>

Hawthorne, Brisbane retail complex sparks auction bidding war

<html><body>
A local private investor has purchased a fitness centre in Adelaide's inner suburb of Hindmarsh for about $7 million.
The 233 Port Road centre was purchased from Bantry Developments and Aretzis Properties on a net yield of 8.6%. The property is currently leased to Goodlife Operations Pty Ltd - a subsidiary of Ardent Leisure Ltd - under a 15 year lease.
Constructed in 2008, the 2,223 square metre centre was sold through selling agent Lukas Weeks of Jones Lang LaSalle.
Mr Weeks commented that the property was sold two weeks prior to the close of expressions of interest.
</body></html>

Local investor pays $7 million for Hindmarsh fitness centre

<html><body>
National automotive and hardware tool wholesaler, Kincrome Australia Pty Ltd has signed a two year lease in Melbourne's south-eastern suburb of Noble Park.
Kincrome agreed to a two year lease with a two year option at about $240,000 per annum gross plus GST and CPI increases.
The 21-23 Summit Road property comprises a 3,458 square metre office and warehouse facility including a 10 metre height, clear-span warehouse component.
Savills Notting Hill office director Lynton Williams brokered the deal.
Mr Williams said Kincrome had required additional warehousing space to satisfy the overflow from its warehousing/distribution centre, head office, at nearby Caribbean Gardens in Scoresby.
</body></html>

Kincrome coming to Noble Park

<html><body>
Cleanaway, a subsidiary of waste management company Transpacific Industries Group, has secured a 10-year lease with Walker Corporation for a purpose built recyclable waste transfer station in Canberra's Monaro Industrial Park.
The facility valued at $5.5 million will include a 4,200 square metre warehouse and 225 square metres office, purpose built by Richard Crookes Constructions. It is expected to be completed next month.
Cleanaway joins the likes of Allied Pickfords, Grace Records Management and Toll Ipec to the estate.
Monaro Industrial Park is one of Canberra’s first master plan industrial estates and is located 13 kilometres south of Canberra's CBD.
The 30-hectare estate is located in the industrial hub of Hume, and is said to provide a flexible and cost effective alternative to Canberra's older areas of Fyshwick and Mitchell.
Cleanaway plans to use the site for its operation of a waste transport depot, which will service Canberra and the greater Australian Capital Territory when they relocate to Monaro from their current location at Alderson Place.
In addition to the Cleanaway facility, seven 120 square metre architecturally designed strata units with mezzanine offices are being built at the Monaro Industrial Park. The stand-alone industrial zoned units will be offered for sale or lease in the fourth quarter of 2013.
</body></html>

Cleanaway secure 10-year lease at Monaro Industrial Park

<html><body>
The southern end of the Sydney CBD is set to become the location for a new major commercial office development, with some big corporate names already believed to be circling.
Joint venture partners Frasers Property Australia and Sekisui House Australia have released their A-Grade commercial offering at the $2 billion Central Park development on Broadway.
The 26,000 square metres building, to be known as ‘100 Broadway’, is located on the corner of Abercrombie Street and Broadway and sits within the country’s largest “knowledge precinct” - UTS, Sydney University &amp; Notre Dame University. 
It is understood several blue-chip companies are considering Central Park, which is said be particularly appealing to IT and professional services companies. One source said the project was attracting companies looking to attract future talent.
The joint venture partner is targeting net rents of around an average of mid $600s per square metre.
Frasers Property Australia chief executive Guy Pahor said 100 Broadway was "at the epicentre of what will soon be Sydney’s most dynamic urban quarter".
Designed by internationally renowned architects Foster + Partners, in conjunction with Australian architects PTW, 100 Broadway is said to boast Sydney’s most efficient floor plates (2100 square metres), along with impressive environmental credentials, such as its connection to Central Park’s central thermal plant and tri-generation facility.
Mr Pahor said 100 Broadway would draw its power from the precinct’s 2MW gas-fired tri- generation facility operating in tandem with electricity sourced from the grid.
“This means that tenants will have access to alternative sources of power, which translates into a high level of power source security and reliability – a critical requirement for many tenants, especially those with high-density IT demands”, he added.
CBRE have been appointed leasing agents of the project. Construction is due start to in 2014 with completion in early 2016.
</body></html>

Big corporates circling office space at $2 billion Central Park development

<html><body>
A major refurbishment of the Merrimac Shopping Village on the Gold Coast has seen it secure blue-chip supermarket chain IGA as tenant to the suburban shopping centre. 
IGA operators Brian and Kathy Bicknell secured a 289 square metre retail outlet in the centre on a 5 x 5 x 5 year lease term. The net rental was about $212 per square metre per annum.
Ray White Commercial Robina’s Steve Jeffery negotiated the lease and has been appointed as exclusive leasing agent for the shopping village.
Mr Jeffery said the owners of the shopping village have invested in a major refurbishment of the shopping village and neighbourhood centre and that the market repositioning was paying off, citing the recent launch of the Bakery and Coffee shop in the centre.
The shopping village has a net lettable area of about 1,003 square metres in 11 shops.
</body></html>

IGA in the bag for Merrimac Shopping Village refurbishment

<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.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“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.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

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.

[smartcode_project_cta:default project_id=149670]

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

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Katherine Jimenez

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News