<html><body>
International luxury brands Chanel and Louis Vuitton are looking at "multiple sites" in Adelaide for their next store expansion.
Adelaide Central Plaza owner Shaun Bonett confirmed to Property Observer that both retailers were tallks with him about opening stores in his centre. He said the French retail brands werre currenty looking at "multiple sites” in Adelaide and that he would be "delighted if we were able to progress discussions with them."
"We submitted our shopping centre as a centre which they should consider," he said.
UK fashion retailer Topshop also has the Adelaide market firmly on its radar.
Earlier this month, US high-end jeweller Tiffany &amp; Co announce it would be opening its next store in Adelaide Central Plaza. Confidentiality agreements prevented Mr Bonett from disclosing further details about the lease but he said “their store in Adelaide will be very comparable to their Melbourne and Brisbane stores."
Mr Bonett said what was drawing those retailers to Adelaide was its high population, tourism appeal - namely its wineries - and that there was a significant demographic in South Australia that shopped interstate for higher end items.
</body></html>

kjiminez-eaYKfU7qd2

Chanel, Louis Vuitton size up Adelaide retail sites

<html><body>
In one of the clearest signs that a CBD office market recovery could be underway, Colliers International has produced new research which revealed a 33% surge in enquiry levels in the first half of 2013.
Its figures showed 310 more enquiries were registered for an additional 273,989 square metres of office space in the 12 months to June, while deal volumes remained steady.
Despite industry concerns around business sentiment, Colliers said that then higher enquiry figures showed activity in Australia's office markets was "strong" and supported its own prediction of a "market recovery by H2 2014".
"We have heard a lot of doom and gloom about the office leasing market this year, but the facts are that there is activity in the market," said Colliers office leasing managing director, Simon Hunt.
In the Sydney CBD, more than 215,000 square metres of enquiry was recorded during the first half, while in the Melbourne CBD, enquiries hit 158 for more than 132,000 square metres of space. That compared to 140 enquiries for just over 81,000 square metres over the same period in 2012.
"Small and medium sized tenants are in the market looking to secure a good deal, and are helping to drive current levels of activity," added Mr Hunt.
The largest proportion of deals occured in the 1-999 square metre range, with 279 leases equating to 82,810 square metres taking place in the first half of 2013, the Colliers research showed.
Data from the research also showed professional services were responsible for a large proportion of the activity, driven by new leases to businesses such as AGL, BHP, Corrs Chambers, Pacific Brands, Virgin Active and IBM. There was also strong spike in the number of Information Technology and Communication companies looking to relocate, with this sector making up 20% of the enquiries.
</body></html>

Office market recovery underway, with 33% surge in enquirers: Colliers International

<html><body>
Engineering company WorleyParsons is believed to have a leasing mandate out in the Perth CBD market for a requirement for up to 20,000 square metres of office space.
Industry sources told Property Observer that they believe the company had narrowed its leasing options to two sites - the Kings Square precinct, which is part of the $5.2 billion Perth City Link project initiated by the State Government. The other location is the nearby $130 million 396 Murray St site.
WorsleyParsons currently has its staff spread throughout several building in the Perth CBD, including the QV1 tower, 600 Murray,  Adelaide Terrace and 235 St Georges Terrace. 
WorleyParsons today released a statment saying that "it is a matter of public record that WorleyParsons  is seeking to consolidate its office space in Perth. A range of options are being considered and the company has not yet settled on a preferred option".
</body></html>

WorleyParsons on the lookout for Perth office space

<html><body>
Unprecedented institutional investor demand has seen retail investment in Australia hit an all-time record high, according to new research from Colliers International.
In it latest Australian Retail Investment Review report, Colliers found that 142 major retail transactions took place in the 2013 financial year with a combined value of $7.62 billions.
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;"><tbody>
<tr>
<td nowrap width="192">
Retail Transactions
</td>
<td nowrap width="145">
2011/12
</td>
<td nowrap width="145">
2012/13
</td>
<td nowrap width="145">
% Change
</td>
</tr>
<tr>
<td nowrap width="192">
Number
</td>
<td nowrap width="145">
83
</td>
<td nowrap width="145">
142
</td>
<td nowrap width="145">
+71%
</td>
</tr>
<tr>
<td nowrap width="192">
Total Value
</td>
<td nowrap width="145">
$4.244 billion
</td>
<td nowrap width="145">
$7.627 billion
</td>
<td nowrap width="145">
+80%
</td>
</tr>
<tr>
<td nowrap width="192">
Average Value
</td>
<td nowrap width="145">
$51.1 million
</td>
<td nowrap width="145">
$53.7 million
</td>
<td nowrap width="145">
+5%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="192">
Source: Colliers International
</td>
<td valign="bottom" nowrap width="145">
 
</td>
<td valign="bottom" nowrap width="145">
 
</td>
<td valign="bottom" nowrap width="145">
 
</td>
</tr>
</tbody></table>
The total value of transactions soared by 80% on the $4.244 billion recorded in 2011/12, while the volume of transactions jumped just as strongly, up by 71 per cent compared to the 83 recorded in the previous financial year.
Colliers research director Nora Farren told Property Observer driving that high transaction activity was offshore investors entering the Australian market either directly or through partnering arrangements.
Among some of those marquee offshore investments were US private equity group Blackstone buying a 50% of the Erina Shopping Centre for $397 million in May, along with Challenger, acting on behalf of a middle-east investor, which acquired a portfolio of six centres from Federation Centre for $602 million.
The lion's share of transactions occured in the regional and sub-regional markets.
<img src="/images/stories/2013/08/chart_of_the_week_aug_27_one.png" width="470" height="295" alt="chart_of_the_week_aug_27_one">
“In the regional space we had seven years’ worth of supply come to the market, with 14 interests in regional centres transacting worth in excess of $4 billion, which is significantly greater than the average of two centres per year over the past three years, and was more than half the total investment in retail assets over the 2012/13 financial year",  said Colliers national director of retail investment services, Lachlan MacGillivray.
“Meanwhile there were 20 sales of sub-regional centres worth more than $1 billion, which was a 25 per cent increase on the previous financial year".
Equally strong was the demand for neighbourhood shopping centres, with 60 sales worth a total of $1.287 billion recorded. The bulky good sector registered 30 transactions - double the previous year.
Mr MacGillivary said regional shopping centre activity should return to more normalised historical levels over the coming 12 months, but that sub-regional centres were expected to "continue to trade strongly and surpass this year’s total.”
Going forward, he said, a number of institutional and listed investors had a strategy to acquire non-discretionary anchored neighbourhood and sub-regional centres, but while demand for regional centres was likely to continue to be robust, supply of investment product would be limited, hence there would be fewer transactions going forward.
He pointed to competitive interest in assets with strong lease profiles displaying robust income growth or expansion or development potential.
<img src="/images/stories/2013/08/chart_of_the_week_aug_27_two.png" width="470" height="291" alt="chart_of_the_week_aug_27_two">
Institutional  investors, superannuation funds and offshore investors are expected to be the most active over the remainder of 2013.
The Colliers International Australian Retail Investment Review 2013, which covers transaction activity of greater than $10 million across Australia, found that NSW had the largest share of retail investment activity over the past year, with 35 sales, including half of all regional centre transactions. But the largest increase in activity was in Victoria, which saw investment in the state nearly double to 27 sales,” said Ms Farren.
</body></html>

Retail investment in Australia at an all-time high: Colliers International

<html><body>
A convenience-based retail and commercial centre in the inner Brisbane suburb of Woolloongabba has been sold at auction for $3.85 million.
The property at 80-84 Ipswich Road, Woolloongabba, was sold by Ray White Commercial’s Mark Dann and John Dwyer under instructions from receiver and managers, Raj Khati and Morgan Lane of Worrells.
The buyer was a local investment group and the yield on the sale was 6.6%, on a passing net income.
The centre's net annual income is about $256,000 per year.
The convenience centre, anchored by Pizza Hut, NightOwl and Subway, attracted 23 registered bidders following 157 enquiries on the property from interstate as well as locally.
</body></html>

Some 23 investors seek out Woolloongabba retail and commercial centre which sells for $3.85 million

<html><body>
UK-based Brompton Asset Management has acquired the Industry House building in the Canberra CBD for  $151.7 million, in what is being billed as the biggest office transaction in the nation's capital city this year.
The 15-storey building, at 10 Binara Street, was owned by The Andrew Roberts-backed property funds management group CorVal and sold on a yield of 7.5 per cent. CorVal bought the A-grade building for $123 million in 2009.
The acquisition, negotiated by Jones Lang LaSalle agents Rob Sewell, Simon Storry and Greg Lyons, is the second purchase in Canberra market by Brompton. The asset manager also owns a nearby office building at 255 London Circuit.
"Sovereign wealth funds and global pension funds have re-rated real estate, placing a higher weighting on the defensive characteristics of the asset classes and increasing allocations to the sector," said Mr Sewell.
"The most passive of offshore capital is seeking modern assets, strong covenants, long lease terms ( with stipulated fixed increases) and increasingly the latest in sustainability credentials".
Jones Lang LaSalle research shows that Canberra is the youngest Australian CBD office market, with 40 per cent of assets aged less than 10 years. "The quality of income in Canberra is high, with 60 per cent of office space occupied by the AAA-rated Federal or ACT governments," Sewell said.
</body></html>

Biggest office sale in Canberra this year at $151.7 million

<html><body>
A four-unit industrial complex on the central Gold Coast has sold for $1.55 million to Melbourne-based private investors.
The complex, at 686 Ashmore Road, Molendinar, was sold by Jim Burge, who developed the 2,300-square-metre industrial site in 2000. He purchased the site for $302,100 in 2000.
The sale was negotiated by Pat Cavanagh of Colliers International.
Mr Cavanagh said that the private investors purchased the property as an investment for their family super fund for the long-term.
On a fully leased basis, he said the unit complex would achieve a net yield of about 8.25%.
At the time of the purchase, the complex only had one vacant unit. It is now fully leased.
Mr Cavanagh said this latest industrial transaction showed "investors were prepared to pay the right money for quality investments when they became available".
He also pointed to a "significant" run of sales from occupiers and investors in the industrial market.
"Larger properties in particular are experiencing less time on the market and are going under contract with fewer settlement terms as more players enter the market and sentiment continues to improve," says Mr Cavanagh.
</body></html>

Gold Coast four-unit industrial complex sells for $1.55 million

<html><body>
Endeavour Hills Shopping Centre has secured two new tenants and re-signed a further 10 national operators as part of an overhaul of the centre’s retail mix.
The two new tenants were Snap Fitness, which signed a 321 square metre lease and Bank of Melbourne, which took 212 square metres in the centre.
Both leases were negotiated by Colliers International leasing agent, Mike Crittenden.
In the past six months, Wespac, Commonwealth Bank,  Priceline, Millers, Sussan, EB Games, Suzanne Grae, Tenderfresh Meats, Flight Centre and ANZ have all renewed there leases in the centre.
Recent rentals achieved have ranged from $750-$1,800 per square metre, said Mr Crittenden.
“Our focus has been on renewing quality tenants as well as improving the centre by securing additional offerings not previously represented in the centre,” he said.
Located 30km south-east of the Melbourne CBD, the Endeavour Hills Shopping Centre, comprises a variety of retail spaces, totaling about 36,000 square metres. Among the 86 retailers in the centre are Woolworths, Coles, Aldi, Dan Murphy and a Big W.
“We are still on the look-out for more high-quality retail, fresh food, fast food and service-based operators to complement the existing strong tenancy mix for the remaining tenancies," said Mr Crittenden.</body></html>

Endeavour Hills Shopping Centre overhaul continues, securing two new tenants

<html><body>
Some of the country's biggest property groups are on the hunt for industrial property, with the Perth market high on the radar.
According to Colliers International some $1 billion in funds is ready to be invested in prime investment stock and land for pre-lease Australia-wide.
Property groups Lend Lease, Charter Hall, and Goodman were all on the hunt for assets, said Colliers International director of industrial property Wayne Chorley and that high on their list were Western Australia assets.
"While those big institutional buyers have probably been more east coast-focused in the past, such is the current demand and the thirst for industrial assets they’re turning their eyes nationally, and broadening the net, " he said.
The state's strong population growth - the highest in the country - and low unemployment rate, combined with steady rent and capital values have been a major attraction for those institutional investors in the WA market, said Mr Chorley.
Since June last year, the Perth market has seen major deals totalling more than $210 million bedded down, including Goodman’s purchase of a $22 million Canning Vale property tenanted by Mayne Logistics, and Charter Hall’s $61.5 million acquisition of a 50 per cent stake in another Canning Vale asset tenanted by Foodland Associated.
“The first choice asset profile being sought is modern, well-leased A Grade industrial property in prime locations – so in the Perth market that means the likes of Canning Vale, Welshpool and Wangara," said Mr Chorely.
As a result of the level of transactional activity, he said "we’ve seen at that top end of the market over the past 12 to 18 months, stock is tight – and that means yields must tighten.”
He noted on the backdrop of the slowing of the resources sector and shelving of oil and gas projects.
He said the effect these had on WA’s property market had received widespread airplay in recent months.
"The industrial market was less exposed to any downturn in that sector than other commercial property classes," he said.
He said the resources sector was not a major influence in the industrial real estate market but residential constincluding was because of the "multiplier effect" it created - meaning the lift in demand for construction materials.
Private house approvals in WA currently remain  above the ten-year average.
</body></html>

Canning Vale, Welshpool and Wangara - the first choice for modern, well-leased A Grade industrial property 

<html><body>
Sydney, Melbourne and Brisbane have maintained their ranking among the world's most expensive cities for global retailers, despite a backdrop of flat retail turnover figures and a weak domestic economic environment.
The three Australian cities all featured in CBRE Group's top 10 quarterly rankings, which was topped by Hong Kong with prime rents at US$4,328 per square feet per annum, followed by New York.
<img alt="record-retail-rents-charts" height="425" width="470" src="/images/stories/2013/08/record-retail-rents-charts.jpg">
Prime rents in Sydney, which was fifth in the rankings, came in at US$945 per square feet. Prime rents in Melbourne were $794 per square feet and in Brisbane  were $599 per square feet, the CBRE research showed.
Josh Loudoun, CBRE senior director of Retail Services Australia, said the Australian cities combined were tracking at a "steady growth" rate, but that the results varied from city to city. Prime rents in Sydney, he said had fallen, whilst in Brisbane rents had accelerated strongly and Melbourne had experienced steady growth.
Nervertheless, he said the overall results  highlighted that Australia was showing steady growth at a time when the retail sector is in the doldrums.
Driving the local results , said Mr Loudoun, was the "limited number of new leases being signed as landlords have been more inclined to leave tenants on hold over or short term leases at the lease expiry, instead of putting the property to the market and crystallising a downgrade.”
However, he also said, Australia had continued to benefit from low vacancy rates and the limited new supply coming to the market, along with the influx of international retailers to our local shores.
US fashion label Brooks Brothers and UK retailer Marks &amp; Spencer have recently announced they will be entering the Australian market.
Another consideration he points to is the upcoming Federal election.
"History shows that retail sales following a federal election usually show a strong short-term spike as consumer confidence lifts and this will translate to rental growth over the next 12 months. This will also coincide with a number of the ‘boom time’ leases of 2008/2009 coming up for their five year anniversary," said Mr Loudoun.
CBRE said that the top 10 prime global retail markets saw little change relative to previous quarters, however, four of the top 10 markets - New York, London, Zurich and Tokyo - saw quarterly increases in prime retail rents, compared with only one market during the previous quarter.
</body></html>

Australian cities among the most expensive for global retailers: CBRE

<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