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One of Sydney's marquee real estate sites - the Sydney Opera House car park has been slated for sale, with price expectations of about $80 million.
The property is being offered for sale on behalf of receivers, KordaMentha and is expected to attract strong interest from international and domestic institutional investors.
<img alt="syndey-sept-19-three" height="428" width="470" src="/images/stories/2013/09/19/syndey-sept-19-three.jpg">
Prior to falling into the hands of receivers, the prized asset was owned by Mariner Financial - a company founded by Bill Ireland. Mariner reportedly purchased the car park for about $75 million in 2004.
McVay Real Estate has been instructed to sell the long leasehold.
A key attraction for buyers is expected to be the property's stable income stream, which is estimated to be about $7.6 million.
<img alt="syndey-sept-19-one" height="263" width="470" src="/images/stories/2013/09/19/syndey-sept-19-one.jpg">
"This is not just a car park," said McVay's managing partner Sam McVay. “This is a critical piece of infrastructure servicing the largest city in Australia and one of the most famous buildings in the world."
Completed in 1993, the 12- storey premises has about 1200 parking bays and is operated by Wilson Parking.
<img alt="syndey-sept-19-two" height="244" width="470" src="/images/stories/2013/09/19/syndey-sept-19-two.jpg">
The expression of interest campaign starts on Thursday.
Mr McVay believes offshore and private investors will be attracted by the high yield on offer for a relatively passive investment. “With no lease incentives to be paid out, investors are getting a truly net return, " he said.
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Sydney Opera House car park up for sale with $80 million expectations

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French-based hotel operator Accor has placed Australia front and centre of its growth plans, revealing its intentions to roll out a further four Pullman hotels, following a year of rapid expansion.
Since purchasing the Mirvac Hotel Group last year for €195 million (AU $280 million), the upscale hotelier has been aggressively growing its portfolio, in particular its upmarket Pullman brand.
In just 12 months, the Pullman brand has expanded from two hotels to 11.
A further four Pullman hotels are currently under negotiation.
“Establishing and expanding Pullman in Australia is one of the group’s priorities given we have recognised a sweet spot in the upscale market in Australia,” said Accor chief operating officer for Australia and New Zealand, Simon McGrath.
He said Pullman was currently at a turning point in its history and its expansion in Australia reflects that.
"Australia is seeing rapid increases in travel from a number of Asian destinations where Pullman is already well-established, and with the Australian Pullman network located in key business and resort areas of Australia, we believe that the brand is well poised to further grow considerable support from both international and domestic travellers,” said Mr McGrath.
The company attributed the success of the Pullman expansion to Accor’s multi-million dollar investment in growing the network of hotels and resorts, key refurbishment programs in Sydney, Melbourne and Brisbane worth over $20 million and new brand repositioning.
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Accor hotels has sights set on Australia for growth plans

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The Asia-Pacific region is forecast to have the highest level of average rental growth of any region globally over the next five years but Australia is not expected to achieve the same highs.
In its first ever global office review for the first half of 2013, DTZ Research showed  "subdued rental growth globally" of less than 1% as the slowing Chinese economy, subpar US growth and persistent European economic difficulties continued to weigh heavily on corporate tenants around the world.
The weaker China economic growth story saw general sentiment and demand for office space in the Asia-Pacific region "cool" over the same period, with the exception of the emerging south-east Asian markets.
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The results for the Australian office market were weak. Melbourne registered a decline in rents and the report stated that "the lack of rental movement in the other Australian markets is masked by significant increases in incentives.
"Consequently, net face rents have remained unchanged while effective rents have declined."
It also noted that negative net-absorption was recorded in the Australian markets due to weak demand.
Conditions in the domestic office market are expected to remain challenging, with DTZ tipping only small rental increases over the next five years.
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That comes despite its expectations that rental growth in Asia-Pacific will be the "strongest globally" over the next five years, driven by large uplifts in the Indian market.
"Occupiers in Australia are expected to benefit from the weakest regional rental performance," it concluded.
"The slowing economy and lack of demand drivers is likely to inhibit rental growth over the next five years."
On a positive note, DTZ's head of south-east Asia, Australia and New Zealand research, Dominic Brown said its research had also showed that the Sydney and Singapore markets had stabilised "at a low point, offering tenants excellent opportunities to lock in leases before market rents start to increase again.”
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Asia-Pacific region forecast to have largest average rental growth globally: DTZ Research

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<img style="display: block; margin-left: auto; margin-right: auto;" alt="cbre" height="116" width="200" src="/images/stories/2013/09/18/cbre.gif">Agent: Andrew Bahr
<img style="float: right;" alt="andrew-bahr-profile" height="200" width="200" src="/images/stories/2013/09/16/andrew-bahr-profile.jpg">
Position: Director of office leasing
Company: CBRE
Office Location: Adelaide
How long have you been in the industry?
Since 1996    
What’s happening in the area you specialise in?
I specialise in office leasing, fair to say the market is somewhat cautious at the moment, demand is conservative and it is taking a long time to convert transactions.  We have had to become more proactive and strategic in how we negotiate.
Describe the most interesting property you have sold?
Currently leasing 80 Grenfell Street, Adelaide’s newest office tower with construction due to be completed in November this year.  The quality of the offering, with large floor plates, stunning design and market leading environmental initiatives is creating a real talking point with perspective tenants.  The quality of tenant we are engaging with is excellent and their key issues are really the cornerstone to the building features.    
What are the ingredients to being successful in your job?
Hard work.  All too easy in a small market to sit back and “wait for the next brief”.  Critical to take a proactive approach, be involved in the market from the brokerage end up and talk to people face to face.  In a service based industry like real estate, you can learn more over a 20 minute coffee meeting than you’ll ever get out of emails and phone calls.    
What aspects of your role do you enjoy the most?
The thrill of the deal.  Most rewarding projects are the ones you work on from the ground up, from strategising, submitting, marketing, negotiating and signing the deal. After some 15 plus years I still enjoy meeting new people every day and being in a position to secure a positive outcome for them.    
Where would you invest a spare $750,000?
Set my family up in the family home for the next 20 years and a residential investment property.    
Which football team do you support?
Adelaide Crows    
What’s your favourite app or techno gadget?
Pandora music app.  Nothing like setting a music theme on the weekend and listening to what the app comes up with while you read the weekend papers over a coffee.    
How do you use social media?
Professionally – <a target="_blank" href="https://au.linkedin.com/pub/andrew-bahr/77/972/a65">LinkedIn</a>, socially – Facebook, a great way to keep in contact with overseas/interstate friends.  
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In profile: CBRE's director of office leasing Adelaide, Andrew Bahr

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One of Fremantle's oldest shopping centre’s - the iconic Atwell Arcade - has been put up for sale for the first time in 100 years, with price expectations of up to $10 million
The arcade, which fronts High Street Mall and Adelaide Street, sits on three separate titles and has a combined site area of 2,403 square metres.
The extended Atwell family has had an interest in the properties on this site dating back to the late 1890s. Major improvements, which include establishing the current arcade linkage, between High Street Mall and Cantonment Street were completed in the late 1970s.
The appointed selling agents are Miles Rowe &amp; Chas Moore from <a href="https://commercialpropertysearch.savills.com.au/151189/Sale/Fremantle/120-High-Street" target="_blank">Savills</a>. Among the tenants in the retail property are Culleys Bakery and Tea Rooms and City Beach.
The agents said the property provided a secure income stream to an investor, with opportunities to remix the tenancy profile.
Expressions of interest close on 3 October.
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Fremantle's Atwell Arcade listed for the first time in 100 years

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The Peninsula Nelsons Bay Motel &amp; Apartments and the Peninsula Palms Motel in Nelson Bay on the central coast of NSW has sold at auction in one line for $4.046 million.
Strong bidding for the properties, at 52 and 54 Shoal Bay Road, pushed the final sale price $1 million above the reserve. A Sydney motelier was the buyer.
The Peninsula Nelsons Bay Motel &amp; Apartments comprises of a range of family and queen 3.5 and 4 star suites, plus apartments.  The Peninsula Palms Motel is an older 2.5 star property with development or extension potential.
As part of the deal, the vendor - a local family - will continue to run the properties as is.
CBRE Hotel agent Andrew Jackson sold the properties, in conjunction with Ray Larkin of Manenti Quinlan &amp; Associates.
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Nelson Bay motels and apartments property complex sells for over $4 million

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Oil and gas company Vicon Services has signed a 10-year lease for a 1,500 square metre warehouse facility in Perth's Henderson
Industry sources estimate the rental agreement was struck at more than $340,000 a year.
The warehouse facility, at 923 Cockburn Road, sits on a 6,000 square metres site and is owned by private developer Alcom Properties.
Leasing agent John Zafiropoulos of Ray White Commercial Perth said Vicon Services had outgrown their facility at Welshpool in Perth and were in need of “a highly specialised site with hardstand, overhead gantry cranes and a high spec office to showcase their company".
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Vicon Services sign 10-year lease for Henderson warehouse

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The Silverwater industrial park is starting to command some of the highest rental prices in Western Sydney, following a spat of recent leasing deals.
Select Fresh Providores Pty Ltd has committed to a 10-year term on a 1,125 square metre office/warehouse facility, at 7 Rachael Close.
The net rental was negotiated at $145 square metres annually – a $20 per square metre increase from the last time the building was leased four years ago.
In a separate deal, Audio, lighting and video service provider Lots of Watts signed a four-year lease at the industrial park for a 1,677 square metre warehouse/office property, at 18 Fariola Street (pictured below). The net rental was struck at $130 square metres annually.
<img src="/images/stories/2013/09/11/silverwater_sept_1.jpg" width="470" height="353" alt="silverwater_sept_1">
CBRE's Michael O’Neill and Shaun Timbrell negotiated the leases.
The Silverwater industrial estate - owned by APPF Industrial Fund, is said to attract rents of about $10 more per square metre than the average in the area.
CBRE is expecting the strong tenant demand brought on by a multi-million-dollar revamp currently underway to drive up rents even further.
The Silverwater Industrial Estate is about 36,000 square metres in size and comprises of 18 individual tenancies.
The revamp is being undertaken in stages and is expected to be completed by late 2013, "resulting in a substantial invigoration of the general industrial area bound by Fariola Street, Slough Avenue and Rachael Close", said Mr Timbrell.
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Silverwater industrial park commanding some of Sydney's highest rental prices

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The Melbourne office market has become the focal point of offshore buyer activity, with more than $100 million worth of office stock changing hands in the past week.
In the latest transaction, a Singaporean listed company Hotel Grand Central has purchased a strata office building in the heart of the city for $48.5 million.
{yoogallery src=[images/stories/2013/09/10/melb]}
The 300 Flinders Street (pictured above) transaction comes just a day after Hiap Hoe - another listed Singaporean property company - made a $43.8m purchase of an office building in nearby, 380 Lonsdale Street (pictured below).
<img src="/images/stories/2013/09/10/melbourne_sept_10_four.jpg" width="470" height="351" alt="melbourne_sept_10_four">
At $48.5m, the 300 Flinders Street deal represents one of the largest transactions in the city for a strata property.
The 12-storey strata building is owned by the Victoria University and was sold on a yield of 8.3%, through selling agents Clinton Baxter and Nick Peden of Savills.
The agents noted that while the property attracted numerous tenders from local and offshore parties, the strongest bidding came from Singapore an Malaysia.
Research from Savills showed that foreign investment in Melbourne’s CBD is at record levels. It estimates the foreign ownership market share is around 25% so far this year, following a spending spree of upwards of $260 million since the end of June.
On the same day the Flinders St transaction was revealed, a private developer based in mainland China snapped up a prime Bourke St office building for $15 million.
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The 472 Bourke Street property (picture above), formerly known as Equity Chambers, sits on an 1162 square metre site with "significant development potential", according to the Savills selling agents, who also negotiated the sale.
"There are many reasons behind these recent sales, chief among them being Melbourne’s nomination as the world’s most liveable city for the third year in a row, access to our highly regarded education sector, and the low Australian dollar which is providing exceptional value for off-shore buyers due to the favourable exchange rate"' said Mr Peden.
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Melbourne office market hub for offshore buyer activity

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South Australia has its first 5.5 NABERS rated office building in the state. The 151 Pirie Street office tower in Adelaide's CBD achieved the 5.5 star NABERS Energy Base Building Rating, without the need to purchase green power.
Among some of the green initiatives the owner- German fund manager Real I.S. Group - undertook included the use of solar photovoltaic cells, energy efficient lighting in the common areas, as well as sub-metering of the tenant condenser water loop and a rooftop solar installation to provide renewable energy for the base of the building.
CBRE regional director Of technical services, Nick Mavropsi said there had been an overriding focus on managing the property effectively to minimise energy without compromising tenant environmental conditions.
The 12,500 square metres building (pictured below) was originally designed to achieve a 4.5 star NABERS Energy Base Building Rating.
<img src="/images/stories/2013/09/11/1.jpg" width="470" height="532" alt="1">
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Adelaide's highest rated green office building

<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;

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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.

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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.

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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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